Page 15 - Issue 48_press_efile

SACCO INDUSTRY WATCH

KENYA POLICE SACCO LAUNCHES NEW BRANCH IN KAKAMEGA

Kakamega deputy Govenor Philip Kutima,Inspector General Hillary Kakamega deputy Govenor Philip Kutima, Inspector General Hillary
Mutyambai and Kenya Police SACCO Officials and staff cut a ribbon Mutyambai and Kenya Police SACCO Officials and staff cut a cake
during the launch of the new branch
during the opening of the new branch

By James Mukui All products and services available at (KMRC) with a view of being a key player
the SACCO’s branches can be accessed in the housing sector through provision
Top tier Kenya Police SACCO through a mobile phone. of a wide range of housing products to
exemplified growth by launching members.
a new branch in Kakamega in an “Geared towards enhancing the
event attended by Kakamega County customer experience through quality The Society has also embarked on the
governor, Hon Wycliffe Oparanya. service delivery, the Society is in the process of developing a new five-year
process of implementing a new system strategy for the period 2020-2024
The launch of the Kakamega office adds to its core banking, Enterprise Resource intended to grow the Society to even
to a total of eight satellite branches that Planning (ERP) and Alternative Business greater heights.
the Society has launched so far across Channels (ABC),” Mategwa said.
the country. This is a strategic move Geared towards continued
geared towards extending products and The Society reaffirmed its commitment
services to its vast membership of over to provide quality services and responsiveness to members’ and
63,000. products that meet and exceed member
expectations by receiving the latest ISO stakeholders’ needs, the Society
“The launch of Kakamega branch marks 9001:2015 certification standard.
a great day in the Society’s calendar. Our established the Kenya Police Investment
journey has been long but eventful and “The award of this certificate constantly
despite the challenges, we have had the reminds us of our obligation to the Co-operative. The investment arm makes
resilience to overcome them,” said Mr. members in the provision of quality
David Mategwa, the SACCO’s National products and services always. As a it possible for members to own property
Chairman. result, the Society emerged the best
managed SACCO, second best in credit across the country.
The Society prides in mobilizing savings management, third most efficient SACCO
and providing cost-effective financial and third best in risk management last “So far, we have implemented successful
and non-financial products and services year,” he said. projects in Nakuru, Eldoret, Kisaju and
with a view of empowering members for Kiserian. Our intention is to roll out
an improved quality of life. Meanwhile, the Society is in the final year similar projects across all the counties
of the implementation of the 2015-2019 including Kakamega County,” the
The SACCO appreciates the role played Strategic Plan which has been evaluated National Chairman said.
by technology as a key driver of business by the management in order to align with
and a source of competitive edge. To the country’s Big Four Agenda. As a result, Mategwa intimated that the Society is
this end, the Society has continually the Society invested Sh10million in the willing to partner with key stakeholders
leveraged on technology to supplement Kenya Mortgage Refinance Company in Kakamega County to advance its
its branch network and promote financial development agenda.
inclusion, a key tenet of Co-operatives.
He appreciated the County government
as well as the local community for
allowing the SACCO to advance its
mandate to its members and potential
customers alike.

13| SACCO Star Magazine