Jumuisha Sacco continues to register impressive success in service provision

Jumuisha Sacco Society Limited is steadfast in its endeavor to empower its members through the provision of quality products and services that improve their socio-economic developments.

Sacco Chairperson Eveline Otieno is confident the Sacco is the region’s leading financial partner in offering real time financial solutions to businesses and groups for economic development.

“Jumuisha Sacco is proud to be associated with the growth of our members who are able to access our customer friendly loan and saving products as well as very efficient FOSA products. We endeavor to insist on quality services in the best interest of our esteemed members,” she noted.

In ensuring effective service delivery, the Sacco has strong partnerships with key stakeholders including the CIC GROUP, Cooperative Bank, KCB, Coop Consultancy, Bank Assurance and KUSCCO among many others.

The Sacco, an intermediary of Uwezo Fund, has successfully managed to streamline the fund through partnership with Bondo CDF.

The move has seen the number of benefitting groups increase from 11 to over 30. The groups have received money worth Ksh 6.5 million.

Uwezo Fund National Office has given Jumuisha Sacco thumbs up for being the best intermediary of the fund in Kenya after Bondo was ranked the best in the fund loan repayment in the country.

The chair went on to reveal that in the next disbursement, they are targeting over 90 groups.

The Sacco is also the intermediary for Bondo/Rarieda Constituencies Women Enterprises Fund (WEF) and has since 2011 given out over Ksh 20 million.

 It is the only Sacco working with the fund in the entire Nyanza region.

The chair revealed that over the years, the Sacco has given out bursary support to its members.

Sacco CEO and Finance Manager Bosco Aremo noted that there’s every reason to invest in the Sacco, further highlighting the existing technical assistance and advisory terms.

He disclosed that the Sacco has numerous benefits including affordable and stable interests calculated on reducing balance, flexible loan processes and repayment terms for new members.

Sacco Treasurer Stephen Odinya revealed that the Sacco is also a member of Kenya Teachers Sacco Association (KETSA) and that it’s the only Sacco from Nyanza in the association.

The medium sized co-operative society, formerly known as Bondo Teachers Sacco, was started in 1999 before it rebranded after opening its common bond in 2019.

It draws its membership from TSC employees, school BoM employees, individuals from the private sector, business communities and registered groups.

By Erick Nyayiera

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