Ukulima Sacco has launched a new Front Office Services Activity (FOSA ) branch in Kisii to bring services closer to the members .
This is the 7th FOSA branch national wide since the operational of the sacco 1972.
The Sacco is going to serve South Nyanza and South Rift Region counties Nyamira, Homabay, Bomet, Kericho, Migori and Narok respectively .
Speaking at Kisii during the opening of the branch, National Chairperson Philip Cherono said that the Sacco will continue to support the government’s goal of mobilizing savings and enhancing access to affordable credit facilities in order to improve people’s live-hoods.
Mr Cherono said that the Sacco has total assets of over Ksh 11billion , over 36000 members and loan portfolio of Ksh 8.7billion and member’s deposits of Ksh 7.8 billion.
“By launching this branch it’s part of a bigger plan as outlined in strategic plan 2017-2021 to grow and expand our business by taking services closer to them, “Mr Cherono said.
According to him the Sacco has experienced continued growth in assets, share capital, membership, loans, payment of dividends and investment.
He stated that by opening a new branch in Kisii it will ease access loans to the members and will be served within the shortest time and also enable the Sacco achieve its financial targets .
Mr Cherono urged members of the public to utilize the financial services offered by the Sacco to better their living standards.
Kisii county governor James Ongwae said the county government is ready to support the Sacco movement in all sectors of the economy.
“Kisii county controls 60% money market in Nyanza region, “said governor.
The county boss asked residents to take advantage and enroll membership as the Sacco will provide a wide range of of products including trainings and loans to the members .
He welcomed more investors since Kisii County has good environment for development and investment.
Mr Ongwae appealed to the public to join Sacco’s and boost their living.