DAILY

2 Advertising Feature
NATION THURSDAY, JANUARY 25, 2024 Advertising
DAILY NATION Feature
THURSDAY, FEBRUARY 1
23, 2023

SACCOS TO JOIN IN 2024

Why Saccos are getting all the attention today

BY EVANS ONGWAE democratic organisations controlled by
their members, who actively participate
in setting their policies and making deci-

I
sions. Men and women serving as elected
f you don’t belong to any savings and representatives are accountable to the
credit co-operative society (Sacco), membership.”
maybe it is time you considered joining This means when you become a mem-
one this year. Registering with a Sacco ber of a Sacco, you have voting rights.
puts you on the path to enjoying a Through your vote, your voice is heard,
wide range of benefits. and you are involved in shaping the
More people are joining Saccos and society’s future.
new ones are getting established. From your Sacco, you will receive a
A Sacco provides you with a platform wide range of servings you will hardly
for saving and borrowing money to meet get anywhere else. You will receive finan-
your financial goals. You tap the advan- cial education and counselling. You can
tage of belonging to a society that pools access a variety of loans, including devel-
financial resources for mutual benefit. opment, emergency, and business loans.
One of the most powerful forces that You can save for different financial goals:
make Saccos attractive savings vehicles Education, holidays, health, or property
is how your deposits enable you to access purchase (a car, a house or household
big loans. For example, if you have accu- goods). You can also purchase all kinds of
mulated Ksh100,000, you will be eligible insurance products or pay for premiums
to take a loan three times that amount. through your Sacco.
So, you can access up to Ksh300,000, an Some Saccos may lack as many prod-
amount you can use to sort out urgent ucts and services, but they generally tend
financial needs or attain a specific goal. to cover a lot of banking and financial
Some Saccos offer loans amounting to needs.
more than three times your deposits. For long, Sacco members have used
Remember that when you join a Sacco, guarantors to access loans. However,
you become one of the owners. You more options are used today. That in-
have a say in the running of its affairs. Members of Nation Sacco Limited follow proceedings during last year’s Annual General Meeting. cludes title deeds and log books, among
According to the The Guidance Notes on EVANS HABIL | NATION others, giving you, as a member, a range
the Co-operative Principles published by of options you can use to secure your
the International Co-operative Alliance loans.
(ICA), “Members of a co-operative are are users of a co-operative’s services or pendent business owners.” tity – the Values and Principles of the
individuals (natural persons) or corpo- participate in its business enterprise as This alliance is the global steward of co-operative movement. [email protected]
rate organisations (legal persons) who consumers, workers, producers, or inde- the Statement on the Co-operative Iden- ICA further states: “Co-operatives are

The Noble Sacco Society Ltd

Unlock Your Financial Potential in 2024 Vision:
by Joining Mhasibu Sacco Today! “To be the leading SACCO in the provision of financial services to members”
Mission:
“To mobilize funds and offer competitive financial services through efficient and
prudent management in order to improve the socio-economic welfare of members”

SOME OF OUR LOAN PRODUCTS

We are the leading NWDT Sacco for
professionals regulated by SASRA.
We have comprehensive Selfcare Services
including robust web portal, a feature-packed Normal loan Gold loan
mobile app, and a hassle-free USSD option. 72 months @12% 84 months @ 13%
Managing your finances has never been this
easy!
Access to affordable loans @ flexible and
Mortgage Self-guaranteed
favourable terms and conditions
15 years @ 11% 60 months@11%

Join | Invest | Save | Borrow OUR SOURCE OF WEALTH

Your Path to Financial Success Rahisi loan Mobi loan
24 months @ 10% 6 months @5% Bosa Products: Fosa Products: Services:
• Karibu Loan • Ordinary Advance • Welfare Services
Don’t miss out on the chance to join a Sacco that has been a pillar of financial strength • Emergency Loan • M-Noble Advance • Safe Custody
since 1986. Embrace year 2024 with Mhasibu Sacco and take the first step towards a • Super Development Loan • Short-Term Advance • Salary Processing
prosperous and secure financial future. • College/Fee Loan • Long Term Advance • Loan Disbursement
• Superior Loan • Super Salary Advance • Dividends Disbursements
• Development/Normal Loan • Supreme Salary Advance • Paybill Services
FOR MORE INFORMATION CONTACT US VIA • Refinancing Loan (Top Up) • Agribusiness Advance • M-Pesa Services
• Micro-credit loans • ATM Services
020 5141900 0772141900/0202141900 [email protected]
P.O Box 3466, Eldoret | Tel: 053 2062423/ 053 2060208/ 0707 559 535 / 0105 119 848
mhasibu mhasibuofficial mhasibusacco Mhasibu Sacco Scan here for more. E-mail: [email protected] | Web: [email protected]
2 Advertising
Advertising Feature
Feature DAILY NATION THURSDAY, JANUARY 25, 2024
3 DAILY NATION THURSDAY, FEBRUARY 23, 2023

SACCOS TO JOIN IN 2024

Thanks to Saccos, the unbanked numbers are dwindling fast

WOCCU reports that some of its partner fi- financial services to citizens in all parts of the
country.
nancial institutions send field officers to hard- Deposit-taking savings and credit co-operative
to-reach villages to deliver financial services societies (Saccos) are riding on this technological
wave to serve their customers more efficiently.
through smartphones Consequently, millions of Kenyans are reaping the
benefits of the digital dividend.
BY EVANS ONGWAE Access to financial services is an important aspect
of economic and social inclusion. The World Bank
notes that, “Financial access facilitates day-to-day

T
living, and helps families and businesses plan for
here are some interesting financial everything from long-term goals to unexpected
inclusion stories from the World Council emergencies.”
of Credit Unions (WOCCU). These show The 2021 FinAccess Household Survey report
that soon, few people will remain states that, “Overall access to formal financial
unbanked. services and products continues to grow since
WOCCU reports that some of its “partner the 2006 baseline survey, where access to formal
financial institutions deploy field officers financial services and products was 26.7 percent.
that travel by motorbike to hard-to-reach Formal access has since then expanded to 83.7
villages, bringing financial services through percent in 2021, from 82.9 percent 2019.”
smartphones. The field officers form small The World Bank states: “As accountholders, people
groups and meet in person with members are more likely to use other financial services,
to collect deposits, loan applications and with 235 points of service (POS) in 22 Mexican indigenous groups, farmers, displaced people, such as credit and insurance, to start and expand
payments, and sign up new members.” states are implementing field officer banking. and small and medium enterprises in rural businesses, invest in education or health, manage
WOCCU is an international trade association These financial institutions brought financial and underserved areas.” risk, and weather financial shocks, which can
and development agency for credit unions. It services to more than 250,000 marginalised In Kenya, Sacco marketing has reached the improve the overall quality of their lives.”
aims to improve lives through credit unions people within three years, which surpassed levels of using boda boda riders to reach It adds: “Being able to have access to a transaction
and other financial cooperatives through the programme’s target of 15 percent market potential members. However, over the last 15 account is a first step toward broader financial
advocacy, development, and education. penetration.” years, Kenya has made remarkable progress inclusion, since a transaction account allows
In its story on financial inclusion, the union WOCCU documents a similar story in Colombia, in leveraging digital financial services. This people to store money, and send and receive
says because of the direct contact, “previously where the field officer banking model “has has been made possible by the rapid and payments. A transaction account serves as a
unbanked individuals become more trusting brought affordable and convenient financial unprecedented mobile telephony witnessed gateway to other financial services.”
of financial institutions and begin to access services to more than 253,000 low-income, in the country. Providers have thus been able
finance and savings. In Mexico, 54 credit unions unbanked people, including Afro-Colombians, to bring down geographical barriers to offer [email protected]

JOIN STIMA SACCO

BECOME A MEMBER

Become a member of Stima

DT Sacco and benefit from;
* Wide range of products and services
* High Dividend return on Share Capital investment
* High interest rebates on Alpha Deposit savings
* One day loan processing period
DAILY NATION THURSDAY, JANUARY 25, 2024 Advertising Feature 3

YOUR
INVESTMENT
JOURNEY
STARTS
WITH US

MEMBERSHIP IS OPEN TO THE PUBLIC

How to become a member

Visit our website Submit the duly filled registration

Download the member Alternatively, visit
www.policesacco.com form along with a copy of your
registration form the nearest branch
National ID to [email protected]

DIAL

*653#

Kenya National Police DT SACCO

4
4
Advertising
Advertising Feature
Feature DAILY NATION THURSDAY, JANUARY 25, 2024
DAILY NATION THURSDAY, FEBRUARY 23, 2023

SACCOS TO JOIN IN 2024

Finding the Sacco society that fits your preferences

Remember that you will entrust your finances BY EVANS ONGWAE services to people of all income
levels.”
with the Sacco you settle for Saccos offer personalised cus-

A
tomer service. They may go an
Scattered all over the coun- extra mile to help their mem-
try are some top savings bers to reach financial success
and credit cooperative so- through such service. Customer
cieties (Saccos). These have service is a key competitive edge
excelled in performance, for any business. This is espe-
service, financial soundness ac- cially true for Sacco enterprises.
cording to regulatory measures, This is a key factor to consider
membership growth, innovative- whenever you are searching for
ness, and a host of other success a Sacco of choice. The service
parameters. should be personalised, and the
It can thus be a big challenge staff should show that they are
to choose the Sacco that is ideal happy to serve, to provide solu-
for you; the one that fits your sit- tions to members.
uation. This is because you have It may also be worth to con-
plenty of options to choose from. sider how long the Sacco is
Remember that you will en- open for business, as well as
trust your finances with the the location. Does the Sacco
Sacco you settle for. So, it should extend working hours to serve
tick quite a number of boxes of you longer than the competi-
those you list as essentials or tors? You will also need to know
important deciding factors. You demonstrate and speak boldly of by its members, and operated the other channels available to
want to be quite comfortable their excellence. for the purpose of maximis- you when you want to access
with your choice. There are other Saccos, not ing the economic benefit of its services and products after the
Your primary goal is to enjoy widely feted, but if you speak to members by providing financial branch or office has closed for
a healthy financial life based on their members, you will be im- services at competitive and fair the day.
the products and services your pressed by what you hear. rates.” This gives you an idea of the
Sacco will offer. Look around and The World Council of Credit WOCCU adds: “Access to af- kind of convenience you are
you will find some impressive Unions (WOCCU) describes a fordable, reliable and self-sus- likely to enjoy as a member
Saccos with proven track records. Sacco as “a customer or mem- tainable financial services im-
Some have full trophy cabinets. ber-owned financial co-opera- proves lives on many different
They have won awards that tive, democratically controlled levels. Saccos work to expand [email protected].
5 Advertising
DAILY Feature
NATION THURSDAY, JANUARY 25, 2024 Advertising Feature 5
DAILY NATION THURSDAY, FEBRUARY 23, 2023

SACCOS TO JOIN IN 2024

The need to make Kenya’s Sacco industry more competitive

The recruitment of professional and is in addition to embracing strategies that en-
sure continuous growth of the savings market
dedicated staff and sustaining a good working share.
environment can make a big difference Some Saccos have rebranded in the past or
recently, to facilitate a refocus on their strategic
direction, appeal to new and contemporary
BY EVANS ONGWAE customer needs, and remain relevant in the
current era. Rebranding helps in further
broadening membership and financial prod-

S
ucts. Some Saccos have expanded their out-
avings and credit co-operative societies reach by extending economic participation by
(Saccos) try to strike a healthy balance all Kenyans, including those in the diaspora.
between giving members what they want This positioning is also expected to further
and enhancing returns on investment. promote co-operative values and principles
Many are fighting to maintain their rel- by instilling the culture of savings among the
evance while facing extraordinary pressure to youth, business community and micro-entre-
compete with other types of financial institu- preneurs.
tions and digital financial services providers. In particular, it is advisable to pay attention
Saccos operate in a highly competitive fi- to information and communication tech-
nancial landscape. They compete against nology (ICT), which is critical to the growth
commercial banks, micro-finance institutions and development of Saccos and other co-op-
and aggressive digital lenders. To grow to their eratives. Adopting modern ICT systems and
true potential, they have to fully exploit their upgrading them continually for relevance or
unique competitive advantage. enhanced performance will help societies
In this regard, and for the sub-sector to re- achieve prompt decision-making and efficient
main competitive and to sustain market share, delivery of service. ICT also helps in minimis-
Sacco boards and the management need to ing cases of fraud and errors of omission and
develop marketing strategies informed by commission. more members a Sacco has, the higher the filiation, Saccos are now quite accessible. Thus,
thorough knowledge of the target market. They Members and the leadership of each Sacco possibility of tapping the economies of scale. Saccos can take advantage of this to expand
also need to invest in modern and secure phys- need to promote strong, viable and more for- This has seen many Saccos open their com- their membership and reap the benefits that
ical facilities that portray a safe institution for midable financial entities that will compete mon bond to enable more Kenyans become come with size and increased savings and
members’ savings. effectively against other players in the finan- members. On account of this, people will find deposits.
The recruitment of professional and ded- cial sector. that they qualify for almost any Sacco. There
icated staff and sustaining a good working In the Sacco sub-sector and the co-operative is something that ties them to the Saccos.
environment can make a big difference. This sector in general, the more the merrier. The Whether it is location, sector or any other af- [email protected]

Established in 1972 by employees from the Ministry of Education, Elimu SACCO has grown steadily over
the years, with over 10,000 active members and has served over 48,000 individuals since its inception.
Today, our common bond expanded to include employees from the government, counties, NGOs, TSC,
government parastatals educational institutions and individuals in various sectors. Our mission is to
ensure economic empowerment for all, with a vision of being the Sacco of choice and a beacon within
the cooperative movement in Kenya and beyond. We have four front offices in Nairobi, Homa Bay, Lodwar,
and Busia, but our membership is spread throughout the country. We are able to serve our members
efficiently irrespective of their location through alternative banking channels through which members can
register, access personalized information and society products and services and transact in real-time.

BOSA PRODUCTS
• Development Loan • Elimu Vision Loan
• Premier Development Loan • Tujenge Jamii Loan
• School Fees Loan • Super Loan
• College Fees Loan • G-Patie Tank Loan
• Emergency Loan • Ji-Connect Loan L
DIA
6#SS
FOSA PRODUCTS *34
ACC
E
TO
SAVINGS PRODUCTS FOSA LOANS OUR ESA
P
MU
• Mshahara Account • Salary Advances of EL VICES :
I
up to 30 months R
SE ILL NO
• Fixed Deposit Account
B
800
• Akiba Account • Seasonal Mobile Loans – PAY
969
Easter, IDD & Christmas Loan
• Chipukizi Junior Account
• Mobile Friday Loan
• Pension Account • Investment Mobile Loan
• Mobile Instant Loan

OTHER BENEFITS
• Super Savers • Loan Risk Fund
• Elimu Benevolent Fund • Member Education & Training
• Annual Dividends

Contact us: HEAD OFFICE: Elimu House, South B, Mubiru Road. P.O. Box 10073 – 00100, 0208691300, 0727013047, 0739599354
[email protected] | [email protected] www.elimusacco.com Elimu Sacco Society Limited @elimusacco
66 Advertising
AdvertisingFeature
Feature DAILYNATION
DAILY NATIONTHURSDAY,
THURSDAY,FEBRUARY
JANUARY 25,
23,2024
2023

SACCOS TO JOIN IN 2024

Why 2025 will be a special year for co-operatives worldwide

It is expected that the States the UN: “By raising awareness
about co-operatives, the Year will help to
movement, the Sacco sub- encourage support and development of
sector included, will use the co-operative enterprises by individuals
and their communities.”
UN’s proclamation to hit new ICA President Ariel Guarco highlighted
hits from next year going the alignment of this proclamation
with the organisation’s ongoing efforts
forward towards sustainable development. “The
announcement is expected to boost
BY EVANS ONGWAE global awareness of the value of co-op-
eratives in creating equitable and resil-

L
ient economies, especially in the face
of global challenges like climate change
ast November, the United Nations and economic inequality,” states ICA on
General Assembly made an an- its web site. In Kenya, the Government,
nouncement expected to signifi- through the Department of Co-oper-
cantly affect co-operatives. It pro- atives, continues to provide legal and
claimed 2025 as the International institutional frameworks that promote
Year of Co-operatives. savings mobilisation and financial deep-
This will be the second such occasion. ening and access among citizens. To this
The first one was observed in 2012. end, the Government encourages and
On its website, the International Co-op- supports the formation of strong viable
erative Alliance (ICA) notes that the first and efficient co-operative societies.
observation was successful and that the The co-operative movement, working
UN proclamation “recognises the essen- closely with the Government, is capable
tial role co-operatives play in promoting ronment for co-operatives, emphasising sustainable, community-focused solu- Promote growth: Promote the forma-
their importance in various sectors, in- tions.” tion and growth of co-operatives among of achieving greater height of economic
sustainable development globally”. development.
ICA stresses that, “Co-operatives, cluding agriculture, finance, and retail.” According to the UN, the International individuals and institutions to address
ICA further reports: “The resolution Year of Co-operatives has three main common economic needs, and for so- It is expected that the movement, the
known for their unique ability to bal- Sacco sub-sector included, will use the
ance economic success with social and also calls for the annual observance of objectives: cio-economic empowerment.
the International Day of Co-operatives, Increase awareness: Increase public Establish appropriate policies: En- UN’s proclamation to hit new hits from
environmental responsibility, are seen 2025 going forward.
as key players in achieving the Sustaina- aiming to increase public awareness and awareness about co-operatives and their courage Governments and regulatory
ble Development Goals (SDGs). The UN’s stakeholder engagement. By focusing on contributions to socio-economic devel- bodies to establish policies, laws and
resolution encourages member states to co-operatives, the UN aims to showcase opment and the achievement of the regulation conducive to co-operative
[email protected]
foster a supportive legal and policy envi- the model’s effectiveness in providing Millennium Development Goals (SDGs). formation and growth.

Micro-businesses are the economic backbone of the

Why you should be a member of Amica Savings & Credit

country. Thus, providing customised support that
addresses their unique characteristics and challenges
ultimately strengthens their role in economic
development.
BY MERCY MWENDE cent interest rate.
As technology revolutionises the banking
industry, the Sacco has integrated advanced
digital technologies into its operations,
As Amica Savings & Credit marks its 58th bringing convenience to members and
anniversary, the celebration isn’t just about providing multiple options to engage with
the years passed, but a story of remarkable the Sacco.
evolution. What started as a coffee farmers’ Dr. Mbui says the Sacco’s website has
co-operative has blossomed into an inclu- also become a transparent window that
sive financial hub that extends service to allows members to conveniently check
players in the informal sector. their account statuses through a portal.
In the past year, the Sacco has introduced This demonstrates the Sacco’s commitment
an initiative aimed at supporting members to enhancing accessibility through digital
in informal businesses, by encouraging platforms, in addition to the various other
them to save some amount daily, even as transaction channels that include mobile
low as Ksh50. The programme is executed money, cheque books, Visa cards, a network
by mobile agents who physically collect and of 480 agents, and money transfer services,
post the deposits. among others.
The Sacco’s Chief Executive Officer, Dr. As part of its Corporate Social Responsibil-
James Mbui, says this has seen a sector long ity (CSR), the Sacco launched a pre-univer-
excluded from the formal financial system sity programme last year, focused on identi-
accumulate funds for diverse purposes, in- Dr. James Mbui, CEO fying and supporting outstanding students
cluding business investment, emergencies from public day secondary schools. Dr. Mbui
and education. or borrowing.
says that about 34 students were placed
“Micro-businesses are the economic The Sacco plays a pivotal role in fostering
in the nearest Amica Branch, where they
backbone of the country. Thus, providing wealth creation across the three counties it
worked closely with the employees. During
customised support that addresses their operates in: Murang’a, Kiambu, and Nairobi.
this period, the Sacco conducted several ses-
unique characteristics and challenges ulti- It has actively promoted investments in
sions addressing crucial aspects of their up-
mately strengthens their role in economic health, agriculture, education, hospitality,
coming college life. Topics included not only
development. As of now, Amica has en- and general entrepreneurship.
academic preparation, but also essential life
rolled more than 200,000 individuals in According to Dr. Mbui, the Sacco distin-
skills. He says the programme was initiated
agriculture, construction, transportation, guishes itself by offering affordable loans,
to prepare students for the challenges and
craftsmanship and the service industries.” allowing members to borrow up to 10 times
opportunities that await them in college.
he says. their savings. The institution also stands out
In line with its motto, ‘Plan Smarter. Live for providing flexible repayment terms.
Better’, the Sacco provides free financial Notably, Amica conducts check-offs in var-
[email protected]
literacy lessons to members. The lessons are ious institutions, enabling members to get
tailor-made to empower members to make unsecured loans with a repayment period
informed decisions when saving, investing, of up to eight years at a competitive 12 per-
DAILY NATION THURSDAY, JANUARY 25, 2024
Advertising Feature Advertising Feature 7
7 DAILY NATION THURSDAY, FEBRUARY 23, 2023

SACCOS TO JOIN IN 2024

Tai Sacco opens

11th branch in Nakuru to take
services closer to members
IG SACCO PESA PEPE
Now you can access
your accounts, transfer
money to M-Pesa, check
balances and get mini
statements all from your
smartphone.

Check your
account
balance IT IS SIMPLE AND
EASY TO USE
Transfer
Earn a competitive interest rate on your Non
Money from The new Tai Sacco branch located at Lydia
your account withdrawable deposits .
Arcade, along Kenyatta Avenue in Nakuru You can also enjoy 12% or more P.A
Phone Number on your fixed deposits.
Get mini Pin
statements
OTHER SERVICES
TRY IT NOW
*645# * RTGS-Real Time Gross Settlement
Join us today * SWIFT Transfer
* Western Union Services
LEARN MORE Access your account via Deposit to your VISA Branded Personal Cheque Tai Mashinani * Money Gram
*645# or the Tai Sacco account via Paybill ATM Card Agency Services
644700 * Safe Custody
app on Google Playstore

“Our Investment Our Growth” CONTACTS: Tai Sacco society ltd, P.O BOX 718-00216 Githunguri, Kenya
BRANCHES: Githunguri | Gatundu | Kamwangi | Kagwe | Kigumo | Ruiru | Thika | Githurai | Kimende | Nakuru | Nairobi
8 Advertising Feature
Advertising Feature DAILY NATION THURSDAY, JANUARY 25, 2024
8 DAILY NATION THURSDAY, FEBRUARY 23, 2023

SACCOS TO JOIN IN 2024

Saccos as major players in Kenya’s

journey towards Vision 2030
BY EVANS ONGWAE petitive models, as well as inadequate Success in the co-operative movement
regulations and supervision. That era is continues to hinge on the innovativeness

I
long gone. of the leadership and their willingness to
A majority of the Saccos have effectively modernise their business models by em-
t has been said that the co-operative addressed these challenges. This has, in bracing international best practices.
movement is best placed to facilitate the effect, made Saccos investment channels The application of appropriate technol-
realisation of especially two pillars of the of choice by members from various sectors ogies and business models will not only
Kenya Vision 2030. That is by promoting of the economy – both the formal and the make Saccos competitive, but also enable
the economic development of citizens, informal. them to retain their market share in the
and enhancing social integration. The co-operative movement in general highly competitive financial sector.
Savings and credit co-operative societies should continue embracing progressive The Sacco movement has more potential
(Saccos), as entities established by peo- management practices by developing stra- to raise savings as envisaged in the Vision
Why you should Join Chai Sacco ple with the common goal of financial tegic plans to guide their operations. 2030. This has reference to the financial
Higher dividend and rebates return. Effective Customer Services. uplifting, bring together members from services where Saccos play a strategic role
Affordable credit. Financially stable and sound Sacco. different walks of life. This promotes social
Faster loans processing. Wider branch network hence
integration.
Success in the co-operative of creating a vibrant and globally compet-
Guaranteed Security of your savings and convenience. itive financial sector by promoting high
deposits. Easy accessibility of Additionally, the co-operative values and movement continues to hinge levels of savings. This is geared towards mo-
Financial advice and training. cash through Sacco
link ATM card or
principles have withstood the test of time, on the innovativeness of the bilisation of financial resources for Kenya’s
Customized financial products
Mchai App thus making the co-operative model the investment needs.
Who can join Chai Sacco.
M-Chai
*645# best vehicle for fighting poverty and in- leadership and their willingness to This phenomenal growth of Kenya’s
Membership is open to all. Private companies, NGO’s, equality in society. modernise their business models Sacco industry is attributed to an enabling
Women groups, youth groups. National and County
Sacco societies, however, have in the past economic and legal environment. Saccos,
Farmers Government employees
been faced by various challenges, ranging by embracing international best
Business members Kenyans in Diaspora
thus, will continue to be major players in
HEAD OFFICE
from poor governance to non-remittances, practices” the realisation of Vision 2030.
CHAI House, Ground & Mezzanine floor, Koinange Street Opposite City Market.
low capitalisation, and loan delinquency,
Po Box 278-00200 City square Nairobi. Phone no:0709808000/0709808100 lack of appropriate and standardised in-
[email protected] www.chai-sacco.co.ke formation technology, limited financial [email protected]
products, excess loan demands, non-com-
Chai Sacco Society Ltd. Chaisaccoltd Saccochai

P.O Box 11607-00400, Nairobi: AFYA CENTRE TEL: 2223970/61 | Email: [email protected] | Website: www.afyasacco.com

W
elcome to Afya Co-operative Society Limited. SENIORS & RETIREE’S PRODUCTS-FOSA
The main objective of the Sacco is to promote
thrift among the members by affording them an
» Afya Sacco members’ retirees can now
opportunity to accumulate savings and create a source of
comfortably continue enjoying the services of
funds from which loans are disbursed to them for productive
the Sacco by requesting their pensions to be
and provident purposes.
channelled through our Fosa, and they are still
eligible to access financial services and loans.
Our vision is to be the preferred financial solutions provider
Our motto is Financially Healthy Members. » To qualify, one must direct and maintain His/
Our core values are her pension and retirement cheques into an Afya
» Integrity Sacco Fosa salary account
» Sustainability
Ms. Beatrice Mogire » Research and innovation
National chairperson
» Respect BENEFITS PRODUCT MAIN FEATURES:
» Significant impact
» Team work This allows a member a convenient and a safe established » Security is guarantee by other account
mode to receive his retirement benefit. holders whose salary/pension is processed
Fosa account will provide member with the other benefit through Fosa.
Over the years the society has expanded its products and services to meet diverse needs and like:
aspirations of the members. The Society being a member owned entity prides itself in being member
• Fosa Advances • Standing orders » Maximum qualifying amount is Kshs
focused so that the development of products and services are centered around the members needs.
• Pension in advance • Fixed deposits 600,000 subject to ability to repay within
• ATM card • EFT”S the terms and conditions.
OTHER SERVICES PROVIDED BY THE SACCO

1. Savings products 5. Insurance cover for loans (ABF)

2. Loan products 6. Front office services (FOSA) To enable retiring members request their pensions to be channelled through our Fosa, the following
3. Membership education 7. Micro credit services details will be filled in by the retiree and given to their employers when processing their pensions:
4. Investing in land 8. Retirees (Pensions product)
• BANK: CO-OPERATIVE BANK OF KENYA • BRANCH CODE: 11011
• ACCOUNT NUMBER: 01120040563700 • BRANCH: UKULIMA BRANCH
• ACCOUNT NAME: AFYA SACCO FOSA • SWIFT CODE: KC00KENA
DAILY NATION THURSDAY, JANUARY 25, 2024 Advertising Feature 9

SACCOS TO JOIN IN 2024

Established in 1976 by teachers under Teachers Service Commission. It has now opened its common bond to all
members of public including business people, public school teachers, private schools, institutions, registered
companies, etc. The core business is mobilization of savings and issuing of loans.
Why join Mafanikio DT Sacco?
Mafanikio Sacco is open to the general public
• Mafanikio Sacco provides empowerment through provision of quality financial services to its members by
encouraging high savings, mobilization of funds, strong capitalization, prompt credit availability and continuous
member awareness.
• Mafanikio Sacco has high returns on Investments for members – Last year dividends paid at 18%.

OUR PRODUCTS & SERVICES

BOSA PRODUCTS & SERVICES FOSA PRODUCTS & SERVICES
• Capital Project Loan 96 Months • Fanikisha Loan Up to 72 months
• Super Loan 72 Months • Business Loan
• School Fees Loan • Group/Chama Loan
• Normal Loans • Loan Advance
• Emergency Loan • Accounts
• Express Loan • Women Enterprise Funds
• Refinancing Loan • ATM & Mobile banking services

PREQUALIFICATION NOTICE
Mafanikio SACCO in Mombasa is seeking to pre-qualify Suppliers for various goods and services for the year 2024-
2025:

CATEGORY A: SUPPLY OF GOODS

Item Code Description
A1. Supply of General Stationery and Office Supplies e.g. printing papers,
A2. Supply of Staff Uniforms, t-shirts, shirts, caps, reflector jackets, umbrellas, jackets, bags etc.
A3. Supply and delivery of Computers, Servers, Printers, UPS, photocopy machines, shredding machines, cash
counting machines, and IT accessories e.g., tonners hard drives, etc.
and cartridges.
A4. Supply of Promotional Materials Branded, notepads, diaries, calendars, notebooks, Banners, fliers, brochures,
Shutterstock etc.

Making co-operatives more

A5. Supply and Design of Printed Material, Publications, posters etc.
A6. Supply of office Equipment, Office furniture & fittings, cabinets, bulk filers.
A7. Supply of Motor vehicle Tyres and other items.
A8. Supply of Mineral Water/ Bottled Water
A9. Supply and installation of CCTV cameras

appealing to young adults

CATEGORY B: SUPPLY OF SERVICES
B3. Provision of 24/7 systems security monitoring (SIEM) services
B4. Provision of legal services
B5. Provision of consultancy and recruitment services
B6. Provision of general, loan guard and medical insurance services
B7. Provision of cloud data backup services
B8. Provision of Microsoft operating systems.
B9. Provision of website Development and hosting services
B10. Provision of email services office 365
and communication technology
Could modern technology be the trick that gets (ICT).
B11. Provision of centralized cloud-based antivirus services
B12. Provision of documentary and photographic services
more young people to join Saccos and other Overall, involving youths in B13. Provision of repairs and servicing of air conditioners
co-operatives will broaden their
co-operatives? scope towards improving the
B14. Provision of Repairs and Maintenance for computers and printers Services
B15. Provision of repairs, maintenance and servicing of generators
social lives of more Kenyans, B16. Provision of Garbage Collection and Sanitary Bins Services
BY EVANS ONGWAE WOCCU reports: “It worked by and guarantee the future of the B17. Provision of Security Guarding Services
using a web-based platform and movement in Kenya. One of the B18. Provision of Comprehensive office cleaning services

K
an interconnected mobile ser- significant advantages of youths B19. Provision of Pest Control and Fumigation Services
vice provider that allows service is their numerical strength. They B20. Provision of Sacco card solution
enya is considered a youth- to reach even the most remote are the economic cornerstone of B21. Renovation of Mezzanine Floor
ful country. This is because areas within the country by us- Kenya’s development.
more than 75 percent of its ing existing networks.” It is noteworthy, though, that the
Interested and eligible firms may obtain further information and the pre-qualification documents at Mafanikio SACCO
population is aged 18 to 35 Also, through this initiative, Kenyan co-operative movement
office at Mombasa teachers plaza Mombasa office, Khoja flats Jomo Kenyatta avenue during working hours or
years. WOCCU “launched the Youth has limited resources and atten-
download documents from the Mafanikio SACCO website www.mafanikiosacco.com
In co-operative cycles, Kenya Agricultural Project to encourage tion directed towards engaging
is ranked the best in Africa Pre-qualification documents to be submitted with proof of payment of a non-refundable fee of Kshs. 2,000 per
and educate youth to view ag- the youth in activities as a sus- category to Mafanikio SACCO mezzanine floor reception during office working hours. Payment can also be made to
and among the top 10 glob- riculture as a means of income tainability strategy. Yet a signif-
ally. However, its young people Mafanikio Sacco Pay Bill Number 854846 A/C Name is name of your organization.
and give them access to finance icant percentage of the Kenyan
do not dominate the sector as through farmer field schools.” population constitutes the youth The Pre-Qualification documents shall be delivered to Mafanikio SACCO Office enclosed in a plain sealed envelope
one would expect. They are un- Could modern technology be who face the biggest brunt of clearly marked ‘PREQUALIFICATION OF SUPPLIERS 2024-2025’ indicating the reference code no. and item
der-represented both in mem- the trick that gets more young challenges facing societies, such description “and should be addressed to.
bership and leadership. people to join Saccos and other as unemployment and abject THE CHAIRMAN,
High unemployment levels have co-operatives? poverty. MAFANIKIO SACCO SOCIETY LTD;
been cited as the reason the bulk Youths are known to possess It is for the country to encour- P.O BOX 86515-80100 MOMBASA, KENYA.
of the country’s youths are not qualities of enthusiasm, moti- age the existing co-operatives to TEL. 0734402011/0733402011/0711400784
members of co-operatives. vation, enterprising, risk-taking, develop youth friendly products
Now, it is also emerging that flexibility, energy, resourceful- and to target young people in All Prequalification documents should be received by 8th February, 2024. The prequalification Documents will be
co-operatives need to under- ness and willingness to try new their recruitment campaigns. opened on 9th February, 2024 at 2:00pm at Mafanikio SACCO mezzanine floor Boardroom and one representatives of
stand what young people want approaches. Furthermore, it is necessary to
the firms are welcome to witness the opening.
from their institutions so as to In addition, youths have a nat- sensitise the youth on the impor-
attract and serve them to their ural disposition for innovation tance of co-operatives and regis-
Note. This is an application for prequalification and not tender for supply of goods/services. Only shortlisted firms will
satisfaction. be requested to provide competitive quotations for the purchase of goods/services as and when Needed.
and change, on which co-op- tering youth co-operatives – cre-
In one of its programmes in the eratives can capitalise and tap ating youth-owned, youth-man-
country, the World Council of CONTACT US
onto the creativity, knowledge, aged institutions. After all, the HEAD OFFICE
Credit Unions (WOCCU) piloted ideas and energy. Young people future belongs to today’s youths. Jomo Kenyatta Avenue,
an e-Sacco (named e-Kenya) that will prove to be a crucial asset Khoja Flats - Behind KCB Mvita Branch,
meets young adult demands by for boosting the development of Next to Al Farooq Hospital
operating over a mobile plat- co-operative institutions, espe- [email protected]. 041-2495807/8/9|0733402011
form that offers 24/7 accessi- cially at this era of information com [email protected]
bility. Monday - Friday: 8:00 AM - 05:00 PM