Konoin Sacco, which has its head offices at Mogogosiek Trading Centre, Bomet County has rebranded to K-Pillar Sacco with its sights set on recruiting more members and expanding its network.
The Sacco’s delegates have already endorsed this process, ahead of the official launch to be undertaken next year. This rebranding process will enable K-Pillar Sacco to keep abreast with rapid changes taking place in the financial sector.
“We are changing the way we do business. This is a new beginning that brings good tidings to members, Bomet residents and Kenyans. We aspire to be counted among the best Saccos in Kenya,” said Mr. Jackson Langat,
Chairman of K-Pillar Sacco. K-Pillar Sacco received a new certificate after it changed its name, from Daisy Bii, Bomet County Director for Co-operatives, who urged the Sacco’s leadership to ensure the Society remains a pillar of strength for members.
Figures indicate that K-Pillar Sacco recorded improved performance a surplus of Sh 9 million, a 10 per cent increase from the previous year. We are expecting to record a surplus of Sh 12 million by the end of this year,” said Beatrice Soi, K-Pillar Sacco CEO. The Sacco has so far disbursed over 50 million in loans
to members and Sh 700 million in bonuses to tea farmers. Membership of K-Pillar Sacco has grown from 500 in 2004 to more than 28,000 at the moment.