By Tonny Nyanchwa
Savings and Credit Cooperative Organization (SACCO) aims to bring people together who have a common bond. Many Saccos aim to foster the confidence of their customers and thus be able to expand their partnership.
Sacco aims to provide members with valuable information and education that will guide them on the best ways to invest in making the most of their income.Employees and business owners have found SACCOs the ideal vehicle of saving and borrowing loans devoid of the hustles and hurdles associated with banks.
Teachers have some of the most active and well run SACCOs in Kenya. In this article, we talk about the best teachers’ Saccos in Kenya:
Mwalimu National Sacco
Mwalimu National is the largest Sacco that has several members from all over Kenya. It was established in 1974 to serve its members primarily in the form of loans and savings. Its management has done a lot to ensure that their services are extended to all parts of the country.
Metropolitan Sacco Society
Metropolitan Sacco is one of the oldest Saccos in Kenya, established in 1978. Metropolitan earned its Sacco Societies Regulatory Authority (SASRA) license in 2011. It has thousands of members across the country and has expanded its operations in every field since its beginning.
Imarisha Sacco Society Limited
Imarisha Sacco is one of the leading Saccos in the delivery of quality services in Kenya. This Sacco was first registered in 1978. It was started for teachers only but has now expanded its services to businesses and professionals of all kinds.
This Sacco offers savings and credit transactions as well as providing banking services to its clients.
Mentor Sacco Society Limited
Mentor Sacco was founded in 1977. It has grown to a large extent due to the evolution of the financial market. This Sacco offers its services not only to teachers but to various business owners and professionals.
When we talk about the oldest Saccos in Kenya, we cannot forget NewFortis. It was founded in 1976 by 857 members. At present, the Sacco includes all workers in Kenya. It is also its licenses from SASRA in 2011.
Noble Sacco Society (Formerly Wareng Teachers Sacco)
Noble Sacco was founded in 1977 with 674 members. Today Noble is one of the Saccos that have several members in Kenya. It has won many awards since it began its operations.
Kilifi Teachers Sacco Society
Kilifi Teachers Sacco is also one of the oldest in Kenya. It was founded in 1972 and officially registered in 1974. It aims to improve the lives of workers with low income by providing them with savings and loan services at lower interest rates to improve their lives.
Elimu Sacco Society
Founded in 1972, Elimu Sacco derives its membership from the Ministry of Education and TSC employees, employees from NGOs, self-employees, among others.
Gusii Mwalimu Sacco
Gusii Sacco was established in 1977 and started its operations in 1979. It provides an array of financial services to its members at relatively low rates and interests.
Kitui Teachers Sacco
Kitu Teachers Sacco was founded in 1976. Today it is one of the best in Kenya that works hard to better the lives of its members. Next