Our Client Base

OUR CLIENT BASE

The client base of Kenya Achievas Sacco is drawn from FARMERS, SMALL SCALE BUSINESSES, SALARIED PEOPLE, LEARNING INSTITUTIONS, CHURCHES AND MICROFINANCE GROUPS.

PRODUCTS AND SERVICES:

In its effort to satisfy the needs of the members/customers, the society offers various front office, micro finance and back office products and services that include:

NO. PRODUCT/ SERVICE DESCRIPTION OF PRODUCT/SERVICE FEATURES
1. Savings and Deposit A/C Majani chai A/C, Salary Account, Coffee A/C, Call &
Fixed Deposit A/C, Junior A/C, Personal Savings A/C,
Group A/C etc.
2. Loan Products Normal Loan, Crop Advance, Salary Advance, Ushirika
Advance, Coffee Advance and Bonus Advance.
3. Microfinance Products Microfinance A/C, Muungano Loan & Jiendeleze Loan.
4. Other Services M-Pesa, Mobile Payments, Free Education to the
Members, Cheque Clearing, Payment on behalf of
factories, Bank Transfers M-banking, Bankers Cheques,
M-sacco, Agency Banking & Salary Processing.
5. Funeral Rider Used to accord members decent burials.
• For a member to be eligible he/she MUST have
contributed the funeral rider contribution fee of
Kshs. 136 per annum.
• Ensure ALL loans given are being paid regularly.
• Be a member of the Sacco.
• Payment of funeral expenses of Khs 10,000
6. Benefits Dividend on shares, interest on deposit, loans at
affordable rate, ownership and control, free financial
advisory services and fast and efficient services.

 

STATUS

Currently the Sacco fully operates its; FOSA, BOSA and MICRO-FINANCE sections with the following figures as at 31st December 2015;

Members deposits 132,143,972
Total assets 310,132,321
Housing shares 18,300,985
Total investments 20,726,715
Core capital 96,594,243
Loans disbursement 102,362,885
EQUITY
Retained earnings 13, 981, 466
Statutory reserve 5, 894, 831
Other reserves 18,410,189

 

INTEREST AND DIVIDENDS

The Board of Directors is pleased to recommend to the members for approval a payment of interest of 4.0 % on deposits and a dividend of 1.50 % on the paid up share capital.

INTERNAL CONTROLS

The Society has systems and processes to ensure that requisite controls, physical security of assets and reporting of accurate and up-to date information with a comprehensive accounting system is in place.

STATISTICAL INFORMATION/ GROWTH FUNDAMENTALS

2009 – 2015 STATISTICAL INFORMATION

Year No. of Members Deposits, Turnover Total Assets
Members Savings & Shares Capital
2009 18,000 70,224,541 31,835,603 143,175,655
2010 25,000 91,564,649 41,555,580 160,462,945
2011 25,000 120,132,308 62,630,688 257,451,842
2012 26,257 130,272,659 79,983,336 306,109,291
2013 27,104 212,666,320 83,287,907 315,227,537
2014 28,023 192,421,324 84,052,324 283,930,325
2015 30,854 207,150,669 94,966,896 310,132,321
how can we help you?

Contact us at Kenya Achievas Sacco Head Office or a branch nearest to you or submit a business inquiry online, using the button below.