By Stephen Makabila
Chai Sacco will officially launch its three branches by June this year, the Chief Executive Officer (CEO) Festus Mwatee has indicated.
Mwatee noted that though the Sacco’s Kisii, Nkubu and Mombasa branches have been in operation, they were yet to be launched officially.
“We have plans to officially launch the branches around May or June this year,” Mwatee told Sacco-Review.
The Sacco was registered in 1973 to offer financial services to KTDA employees both at the factories and Head Office.
In 1999, Front Office Service Activity (FOSA) was started and has evolved to a fully-fledged Deposit Taking Society.
The Society has been recognized internationally by the World Council of Credit Unions (WOCCU) in Micro-Finance Expansion Programme (MFI) among other sixteen Saccos in the country as a model for others.
The Society has also been selected by Micro-Save Africa in product Development Programme from micro enterprises to assist the organization in product development process.
