Kenya Highlands Sacco pays Sh2b bonuses

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Feb 16, 2017
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By Munene Maina
Kenya Highlands Sacco
paid farmers Sh2 billion
bonuses, an increase of 56
percent from last year.
“The money should have an
impact on the area. It will go a long
way in enabling farmers meet their
development goals,” said Sacco
CEO Alice Kosgei,.
She noted on average, a member
will receive Sh60,000. The Sacco
has over 70,000 members with
75 percent being tea farmers.
According to the CEO, the
Sacco which has continually won
awards for Best Rural Farmers Sacco,
regards farmers’ needs as a top
priority. It has developed 18 products
that are well tailored to suit
members’ demands at all times.
Due to its quality services, the
Sacco has achieved much in transforming
members’ economic and social welfare. Established in 1991,
the Sacco has had an exponential
growth to stamp itself as a leading rural
Saccos in Kenya.
The Sacco members have all
through been receiving high amounts
of dividends a factor that has seen
its members economically transform their lives.
“We consider good governance,
prudent management practices as well
as provision of tailor-made services as
key to the success of any Sacco,” said Kosgei.
It has kept abreast with technological
advancement, bettering services
delivery to members. It has already installed
a new ICT platform, introduced
mobile banking services and has a personalized
cheque book system.
The Sacco offers members an
opportunity to invest in shares, operate
deposit account and access credit facilities.
The success the Sacco has made
has been possible owing to visionary
leadership of the Board of directors
led by Mr Richard Mutai and commitment
from members of staff according
to the CEO.

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