Cosmopolitan Sacco targets four satellite offices to grow its business


By Munene Maina

Cosmopolitan Sacco intends to open four additional satellite offices in an effort to take services closer to members.
The Sacco has five branches namely Nakuru, Naivasha, Bahati, Molo and Narok.
In 2016, the society paid members Sh296 million dividends and interest, a growth of 21 per cent increase from the year 2015. In the same year the Sacco’s surplus increased by 33.05 per cent.
In the Rift Valley, it scooped the award for being the Best insured co-operative society. In Nakuru, it was rated the best managed society.
The Sacco is set to embark on a vigorous recruitment of members as well as rebrand its products.
Behind the Sacco’s success story are visionary board members, who are led by John Muigai, Chairman, John Rukwaro, vice-chairman, John Warutumo, Secretary and Geoffrey Machoka, treasurer.
The Sacco was formerly known as Nakuru teachers Sacco but rebranded in 2012 with an eye to widen its scope.
The distinguished society is leveraging on technology to scale up service delivery in an effort to transform livelihoods.
It has adopted the required information technology infrastructure including investing heavily in mobile banking platform.
“Our growth is commendable. It shows the confidence our members have with our Sacco,” said Mr John Muigai, Sacco Chairman.
The Sacco has been able to disburse a total of over Sh3.6 billion loans to members.

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