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The Authority was established as a body corporate in 2010, pursuant to the provisions of the Sacco Societies Act with the primary purpose of streamlining the regulation of SACCOs and Co-operatives in the country under the supervision of the Commissioner of Co-operative Development, an office under the Ministry of Agriculture, Livestock, Fisheries and Co-operatives.
The society was established in 1974, with the objective of mobilizing savings from its members and providing loans to members, using those resources. [ 7 ] [ 8 ] In 2013, Joshua Ojall, the society CEO at the time, announced plans to build up to 100 housing units in the outskirts of Nairobi , the capital and largest city in Kenya and East Africa .
Imarisha Sacco is a small financial services provider in Kenya. As of December 2013, it was the ninth-largest Cooperative Savings and Credit Society in Kenya, with total assets of approximately US$142 million (KSh20 billion). At that time, its membership numbered in excess of 190,000, with shareholders' equity of about US$37 million (KSh3.2 ...
Wazalendo Savings and Credit Cooperative Society (WSACCO), also referred to as Wazalendo Sacco, is a savings and credit co-operative society in Uganda. It is an institutional Sacco composed of Uganda People's Defence Force (UPDF) personnel and their families, UPDF Reserve Forces, and staff of Uganda's Ministry of Defence.
Unaitas Sacco is a medium-tier financial services provider in Kenya. As of December 2015 [update] , the society's asset base was valued at KSh9.3 billion (US$93.2 million), and a loan book of approximately KSh7.42 billion (approx. US$74.35 million). [ 1 ]
Exodus Sacco is the second-largest security forces-related Sacco in Uganda, behind the much bigger Wazalendo Savings and Credit Cooperative Society. [2] As of December 2019, membership in Exodus Sacco had risen to over 30,000, and total assets were valued in excess of USh20 billion (US$5.5 million). [1]
The society has grown from 131 members in 1975 to the 6,916 members be end of 2023; The society's asset base as of Dec 2023 stood at KES 17.968 billion with member deposits at KES 13.7 billion, with a loan book of KES 11.09 billion; The UN SACCO has 2 offices. One, UN SACCO Block is located in UNON was built in 2004 and opened on 7 December 2004.
A chama is an informal cooperative society that is normally used to pool and invest savings by people in East Africa, and particularly Kenya. [1] The chama phenomenon is also referred to as "micro-savings groups". "Chama" (also spelled kyama or Kiama in certain ethnic groups such as the Gikuyu) is the Kiswahili word for "group" or "body".