Egerton University Sacco
Egerton University Sacco, below is the information on the Egerton University Sacco.
Egerton University Savings and Credit Society was formed and registered 0n 10th March, 1975 under the Co-operative Act cap 490 Registration No. Cs/2314.
Egerton Sacco was First licensed on 15/06/2012 by SASRA (Sacco Societies Regulatory Authority) under the new Legal Framework of the SACCO Societies Act 2008 to operate Deposit taking business in Kenya. We have renewed our license to operate business for the year 2016.
Goals
Enlightened membership
Increased partnership with other stakeholders.
Enhance research and development to improve products and services
Fully educate all members so as to become good managers of this project
Diversify products and services in order to fulfill all members’ needs.
Expansion and to have a national look.
Opening of New branches to boost growth.
Objectives
a)Promote thrift among its members by affording them an opportunity for accumulating their Savings.
b)Create a source of funds at a fair and reasonable rate of interest.
c)Provide an opportunity for each of its members to improve the members’ respective economic and social conditions.
d)Offer to the members complementary Savings and Credit Services and other Financial Products as may be required by the
members from time to time.
e)Ensure safety and soundness of the members’ funds through a Risk Management Programme or appropriate insurance coverage.
f)Ensure the progress of its members by educating them continuously on the proper use of credit.
g)Promote economic planning and assist members to achieve sound development of their enterprises and economic activities.
h)Co-operate with other co-operatives in order to promote members’ interest and in furtherance of the objective, the society may affiliate to NACOs and any other such apex or International Organizations as may be determined by the Board and approved by the AGM.
i)Perform the function and exercise the power designated for Savings and Credit Co-operative Societies under the applicable
law for the benefit of the members.
j)For the attainment of the above objectives, the Society may do all acts and things that are permissible under the Act, the Rules and the SACCO By-laws, provided that members approve such act or things either specifically or generally at General Meeting.
k)The objectives of the Society shall generally be in accordance with the co-operative values and principles.
Achievements
Competent and qualified members of Staff and committed Board of Directors.
Computerized office operations that enhance efficient service delivery to members.
Continuous Audit.
Timely Annual General Meetings.
Prompt Dividends payments.
Cordial relationship with members
Completion of SACCO Plaza to house a modern banking hall and offices.
CONTACT DETAILS
Mobile No: 0722144734/0733-999002
Telephone: 051-2217809
Email: [email protected]
Website: www.egertonuniversitysacco.coop