Imarisha Sacco Head officein Kericho town.
Imarisha Sacco has reported an asset-based value of 16.1 billion shillings as at August this year, a 2 billion increase from last financial year 2019/20.
The Sacco chairman Mathew Ruto said the Sacco has braved challenges arising from the Covid-19 pandemic to maintain its growth through increased membership.
“This great improvement is as a result of more members joining us, depositing their money and taking loans to invest in their various economic projects,” Mr Ruto said.
The Kericho-based Sacco that was initially dedicated to teachers has opened its doors to other employees and business men of all walks of life increasing its membership to over 100,000 up from 64,120 members in 2017.
Imarisha Sacco Chairman, Mathew Ruto.
The chairman disclosed that the Sacco has immediate plans to open branches in the counties of Nairobi, Nakuru, and Kisumu as it seeks to nationalize the Sacco. The Sacco currently has opened its branches in seven counties.
“Our expansion is as a result of demand from Kenyans who require our financial services in corners of the republic. We have done our survey on this and we are responding,” said the chairman.
The Sacco’s recently unveiled Customer Experience Center.
The recently released SASRA report, ranked Imarisha Sacco as the 8th best performing Sacco countrywide, an achievement that the chairman pointed as an indicator of the Sacco’s excellent performance in its mandate of offering quality services to its customers.
“The released SASRA report ranked at number 8 nationally which is an improved from position 9 that we were last year. Towards the end of last year, we had an asset-based value of Sh 14bilion but as at August this year we are at Sh 16billion asset-based value,” said Mr Ruto.
“That is a result of our intense marketing that has resulted in more customers joining us, depositing with us and also taking our loans which have friendly terms,” he added.
The Sacco recently unveiled an ultra-modern 24-hour call center and m-banking agency in Kericho town for a one-stop shop services to its members.