Solution Sacco’s CSR sponsors 60 needy students

Solution Sacco, through its Corporate Social Responsibility, has fully sponsored more than 60 bright but needy students in Meru County.

The students, who scored 350 marks and above in last year’s KCPE exams, also received Mathematical sets, Bibles, metal boxes and other school necessities.

Solution Sacco Chairman Francis Murithi said as a Sacco they are focused on ensuring learners from poor backgrounds do not miss a chance of continuing their education due to lack of school fees or learning equipment.

“We’re committed to ensuring that no child misses high school education due to lack of school fees. We are doing all we can to ensure we sponsor as many children as possible,” he said.

He said the Sacco will track the beneficiaries’ performance hence they should take advantage of the sponsorship opportunity by working hard in their studies.

Speaking during the event, Keziah Muguro, Meru TSC Deputy County Director, urged students to focus on their education and desist from engaging in activities that might disrupt their studies.

She also urged them to not be discouraged by their backgrounds.

“Your background should not deter you from achieving your academic dreams,’ she said, adding that education is an equalizer hence they should put more efforts in their studies.

Parents who were present at the event echoed the sentiments of other speakers and urged all beneficiaries to focus on education for prosperity.

Brief history

-Founded in 1993

-Current membership of over 25,000

–Has 14 branches, including its head office at Mwalimu Plaza

-Draws membership from different sectors: education, health, cooperatives, county and national government employees, MSMEs, Chamas and other community based organizations.

Economic indicators as at December 2021

-Asset base Ksh 7.35 billion, 30% growth

-18 per cent dividend payout

-Member interest on savings at 13 per cent

-Member deposits at Ksh1.71 billion, a 45 per cent growth

-Revenue at Ksh1.34 billion

-Strong information communication infrastructure

Products and services

-Partners include Safaricom, Cooperative Bank, Sasra, and KUSCCO

-Flagship products are FOSA and BOSA

-Services include agency banking, mobile banking, Sacco ATM service and Verve debit card

-Loan products are grouped under Fosa, Bosa, Dairy and Business


-Suluhisho Letu Insurance Agency,

-Solution Housing and Investment Cooperative

By Jeff Mwangi

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