SCHEDULE OF LICENSED DEPOSIT-TAKING SACCO SOCIETIES FOR PERIOD ENDING DECEMBER 2014

# NAME OF SOCIETY POSTAL ADDRESS
1. 2NK SACCO SOCIETY LTD P.O BOX 12196-10109, NYERI
2. AFYA SACCO SOCIETY LTD P.O BOX 11607-00400, NAIROBI
3. AGRO-CHEM SACCO SOCIETY LTD P.O BOX 94-40107, MUHORONI
4. AINABKOI FARMERS SACCO SOCIETY LTD P.O BOX 120-30101, AINABKOI
5. AIRPORT SACCO SOCIETY LTD P.O BOX 19001-00501, NAIROBI
6. ALL CHURCHES SACCO SOCIETY LTD P.O BOX 2036-0100, THIKA
7. ARDHI SACCO SOCIETY LTD P.O BOX 28782-00200, NAIROBI
8. ASILI SACCO SOCIETY LTD P.O BOX 49064-00100, NAIROBI
9. BANANA HILL SACCO SOCIETY LTD P.O BOX 333-00219, KARURI
10. BANDARI SACCO SOCIETY LTD P.O BOX 95011-80104,MOMBASA
11. BARAKA SACCO SOCIETY LTD P.O BOX 1548-10101, KARATINA
12. BARATON UNIVERSITY SACCO SOCIETY LTD P.O BOX 2500-30100, ELDORET.
13. BIASHARA SACCO SOCIETY LTD P.O BOX 1895-10100, NYERI.
14. BINGWA SACCO SOCIETY LTD P.O BOX 434-10300, KERUGOYA.
15. BORESHA SACCO SOCIETY LTD P.O BOX 80-20103, ELDAMA RAVINE
16. BUSIA TESO TEACHERS SACCO SOCIETY LTD P.O BOX 448-50400, BUSIA.
17. CAPITAL SACCO SOCIETY LTD P.O BOX 1479-60200, MERU
18. CENTENARY SACCO SOCIETY LTD P.O BOX 1207-60200, MERU
19. CHAI SACCO SOCIETY LTD P.O BOX 278-00200, NAIROBI.
20. CHUNA SACCO SOCIETY LTD P.O BOX 30197-00100, NAIROBI.
21. COMOCO SACCO SOCIETY LTD P.O BOX 30135-00100, NAIROBI.
22. COSMOPOLITAN SACCO SOCIETY  LTD P.O BOX 1931-20100, NAKURU.
23. COUNTY SACCO SOCIETY LTD P.O BOX 21-60103, RUNYENJES.
24. DAIMA SACCO SOCIETY LTD P.O BOX 2032-60100, EMBU
25. DHABITI SACCO SOCIETY LTD P.O BOX 353-60600, MAUA.
26. DIMKES SACCO SOCIETY LTD P.O BOX 886-00900, KIAMBU.
27. DUMISHA SACCO SOCIETY LTD P.O BOX 84-200600, MARALAL.
28. ECO-PILLAR  SACCO SOCIETY LTD (formerly Kapenguria Teachers Sacco) P.O BOX 48-30600, KAPENGURIA.
29. EGERTON UNIVERSITY SACCO SOCIETY LTD P.O BOX 178-20115, EGERTON.
30. ELGON TEACHERS SACCO SOCIETY LTD P.O BOX 27-50203, KAPSOKWONY.
31. ELIMU SACCO SOCIETY LTD P.O BOX 10073-00100, NAIROBI.
32. ENEA SACCO SOCIETY LTD P.O BOX 1836-10101, KARATINA.
33. FARIJI SACCO SOCIETY LTD   P.O BOX 589-00216, GITHUNGURI.
34. FORTUNE SACCO SOCIETY LTD P.O BOX 559-10300, KERUGOYA.
35. FUNDILIMA SACCO SOCIETY LTD P.O BOX 62000-00200, NAIROBI.
36. GASTAMECO SACCO SOCIETY LTD P.O BOX 189-60101, MANYATTA.
37. GITHUNGURI DAIRY & COMMUNITY  SACCO SOCIETY LTD P.O BOX 896-00216, GITHUNGURI.
38. GOODFAITH SACCO SOCIETY LTD P.O BOX 224-00222, UPLANDS.
39. GREEN HILLS COFFEE GROWERS SACCO SOCIETY LTD (formerly Chebosobon Sacco) P.O BOX 59-20209, FORT TERNAN
40. GUSII MWALIMU SACCO SOCIETY LTD P.O BOX 1335-40200, KISII.
41. HARAMBEE  SACCO SOCIETY LTD P.O BOX 47815-00100, NAIROBI.
42. HAZINA SACCO SOCIETY LTD P.O BOX 59877-00200, NAIROBI.
43. ILKISONKO RURAL FARMERS SACCO SOCIETY LTD P.O BOX 91-00209, LOITOKITOK
44. IMARIKA SACCO SOCIETY LTD P.O BOX 712-80108, KILIFI.
45. IMARISHA SACCO SOCIETY LTD P.O BOX 682-20200, KERICHO.
46. IMENTI SACCO SOCIETY LTD P.O BOX 3192-60200, MERU.
47. ISIOLO TEACHERS SACCO SOCIETY LTD P.O BOX 105 – 60300, ISIOLO
48. JACARANDA SACCO SOCIETY LTD P.O BOX 4-00232, RUIRU.
49. JAMII SACCO SOCIETY LTD P.O BOX 57929-00200, NAIROBI.
50. JIJENGE SACCO SOCIETY LTD P.O BOX 6222-01000, THIKA.
51. JITEGEMEE SACCO SOCIETY LTD P.O BOX 86937-80100, MOMBASA
52. JUMUIKA SACCO (Formerly Chemelil Sacco Society Ltd ) P.O BOX 14-40112, AWASI.
53. KAIMOSI SACCO SOCIETY LTD P.O BOX 153-50305, SIRWA.
54. KAKAMEGA TEACHERS SACCO SOCIETY LTD P.O BOX 1150-50100, KAKAMEGA.
55. KATHERA RURAL SACCO SOCIETY LTD P.O BOX 251-60202, NKUBU.
56. KEIYO TEACHERS SACCO SOCIETY LTD P.O BOX 512-30700, ITEN.
57. KENPIPE SACCO SOCIETY LTD P.O BOX 314-00507, NAIROBI.
58. KENVERSITY SACCO SOCIETY LTD P.O BOX 10263-00100, NAIROBI.
59. KENYA ACHIEVAS SACCO SOCIETY LTD P.O BOX 3080-40200, KISII
60. KENYA BANKERS SACCO SOCIETY LTD P.O BOX 73236-00200, NAIROBI.
61. KENYA CANNERS SACCO SOCIETY LTD P.O BOX 1124-01000, THIKA.
62. KENYA HIGHLANDS SACCO SOCIETY LTD P.O BOX 2085-002000, KERICHO.
63. KENYA MIDLAND SACCO SOCIETY LTD P.O BOX 287-20400, BOMET.
64. KENYA POLICE SACCO SOCIETY LTD P.O BOX 51042-00200, NAIROBI
65. KIAMBAA DAIRY RURAL SACCO SOCIETY LTD P.O BOX 669-00219, KARURI.
66. KIMBILIO DAIMA SACCO SOCIETY LTD (formerly Chepsol Tea Sacco) P.O BOX 81-20225, KIMULOT
67. KINGDOM SACCO SOCIETY LTD P.O BOX 8017-00300, NAIROBI.
68. KIPSIGIS EDIS SACCO SOCIETY LTD P.O BOX 228-20400, BOMET.
69. KITE SACCO SOCIETY LTD P.O BOX 2073-40100, KISUMU.
70. KITUI TEACHERS SACCO SOCIETY LTD P.O BOX 254-90200, KITUI.
71. KMFRI SACCO SOCIETY LTD P.O BOX 80862 80100, MOMBASA.
72. KOLENGE TEA SACCO SOCIETY LTD P.O BOX 291-30301, NANDI HILLS
73. KONOIN SACCO SOCIETY LTD P.O BOX 83-20403, MOGOGOSIEK.
74. KORU SACCO SOCIETY LTD P.O BOX Private Bag- 40104, KORU.
75. K-UNITY SACCO SOCIETY LTD P.O BOX 268-00900, KIAMBU.
76. KWALE TEACHERS SACCO SOCIETY LTD P.O BOX 123-80403, KWALE.
77. LAMU TEACHERS SACCO SOCIETY LTD P.O BOX 110-80100, LAMU.
78. LENGO  SACCO SOCIETY LTD P.O BOX 371-80200, MALINDI
79. MAGADI SACCO SOCIETY LTD P.O BOX 13-00205, MAGADI.
80. MAGEREZA SACCO SOCIETY LTD P.O BOX 53131-00200, NAIROBI.
81. MAISHA BORA SACCO SOCIETY LTD P.O BOX 30062-00100, NAIROBI.
82. MAONO DAIMA SACCO SOCIETY LTD (formerly Mulot FSA Sacco) P.O BOX 41-20424, BOMET.
83. MARAKWET  TEACHERS SACCO SOCIETY LTD P.O BOX 118-30705, KAPSOWAR.
84. MARSABIT TEACHERS SACCO SOCIETY LTD P.O BOX 90-60500, MARSABIT.
85. KWETU SACCO  (Formerly Masaku Teachers Sacco P.O BOX 818-90100, MACHAKOS.
86. MENTOR SACCO SOC

IETY LTD

P.O BOX 789-10200, MURANG’A.
87. METROPOLITAN SACCO SOCIETY LTD P.O BOX 871-00900, KIAMBU.
88. MILIKI SACCO SOCIETY LTD (formerly Orthodox Sacco) P.O BOX 43582-00100, NAIROBI.
89. MMH SACCO SOCIETY LTD P.O BOX 469-60600, MAUA.
90. MOI UNIVERSITY SACCO SOCIETY LTD P.O BOX 23-30107, MOI UNIVERSITY.
91. MOMBASA PORT SACCO SOCIETY LTD P.O BOX 95372-80104, MOMBASA.
92. MOMBASA TEACHERS SACCO SOCIETY LTD P.O BOX 86515-80100, MOMBASA.
93. MUDETE FACTORY TEA GROWERS SACCO SOCIETY LTD P.O BOX 221-50104, KAKAMEGA.
94. MUHIGIA SACCO SOCIETY LTD P.O BOX 83-10300, KERUGOYA.
95. MUKI SACCO SOCIETY LTD P.O BOX 398, NORTH KINANGOP.
96. MURATA  SACCO SOCIETY LTD P.O BOX 816-10200, MURANG’A
97. MWALIMU NATIONAL  SACCO SOCIETY LTD P.O BOX 62641-00200, NAIROBI.
98. MWEA RICE FARMERS SACCO SOCIETY LTD P.O BOX 272-10303. WANGURU.
99. MWIETHERI SACCO SOCIETY LTD P.O BOX 2445-60100, EMBU.
100. MWINGI MWALIMU SACCO SOCIETY LTD P.O BOX 489-90400, MWINGI.
101. MWITO SACCO SOCIETY LTD P.O BOX 56763-00200, NAIROBI
102. NACICO SACCO SOCIETY LTD P.O BOX 34525-00100, NAIROBI.
103. NAFAKA SACCO SOCIETY LTD P.O BOX 30586-00100, NAIROBI.
104. NAKU SACCO SOCIETY LTD P.O BOX 78355-00507, NAIROBI.
105. NANDI FARMERS SACCO SOCIETY LTD P.O BOX 333-30301, NANDI HILLS.
106. NANDI HEKIMA SACCO SOCIETY LTD P.O BOX 211-30300, KAPSABET.
107. NANDI TEACHERS SACCO SOCIETY LTD P.O BOX 547-30300, KAPSABET.
108. NECCO SACCO (Formerly Nanyuki Equator Sacco Society) P.O BOX 1098-10400, NANYUKI.
109. NAROK TEACHERS SACCO SOCIETY LTD P.O BOX 158-20500, NAROK.
110. NASSEFU SACCO SOCIETY LTD P.O BOX 43338-00100, NAIROBI.
111. NATION SACCO SOCIET Y LTD P.O BOX 22022-00400, NAIROBI.
112. NAWIRI SACCO SOCIETY LTD P.O BOX 400-60100, EMBU.
113. NDEGE CHAI SACCO SOCIETY LTD P.O BOX 857-20200, KERICHO.
114. NDOSHA SACCO SOCIETY LTD P.O BOX 532-60401, CHOGORIA- MAARA
115. NEST SACCO SOCIETY LTD P.O BOX 14551-00800, NAIROBI.
116. NG’ARISHA SACCO SOCIETY LTD  (formerly Bungoma Teachers Sacco) P.O BOX 1199-50200, BUNGOMA.
117. NITUNZE  SACCO SOCIETY P.O BOX 295-50102, MUMIAS.
118. NRS SACCO SOCIETY LTD P.O BOX 575-00902, KIKUYU.
119. NTIMINYAKIRU SACCO SOIETY LTD P.O BOX 3213-60200, MERU.
120. NUFAIKA SACCO SOCIETY LTD P.O BOX 735-10300, KERUGOYA.
121. NYAHURURU  UMOJA SACCO SOCIETY LTD P.O BOX 2183-20300, NYAHURURU.
122. NYALA  VISION SACCO SOCIETY LTD P.O BOX 27-20306, NDARAGWA.
123. NYAMBENE ARIMI SACCO SOCIETY LTD P.O BOX 493-60600, MAUA.
124. NYAMIRA TEA FARMERS SACCO SOCIETY LTD P.O BOX 633-40500, NYAMIRA.
125. NYERI TEACHERS SACCO SOCIETY LTD P.O BOX 1939-10100, NYERI.
126. OGEMBO TEA GROWERS  SACCO SOCIETY LTD P.O BOX 88, KENYENYA.
127. ORIENT SACCO SOCIETY LTD P.O BOX 1842-01000, THIKA.
128. PATNAS  SACCO SOCIETY LTD (formerly Bureti Sacco ) P.O BOX 601-20210, LITEN
129. PUAN SACCO SOCIETY LTD P.O BOX 404-20500, NAROK.
130. RACHUONYO TEACHERS SACCO SOCIETY LTD P.O BOX 14-4022, KOSELE.
131. SAFARICOM SACCO SOCIETY LTD P.O BOX 66827-00800, NAIROBI.
132. SHERIA SACCO SOCIETY LTD P.O BOX 34390-00100, NAIROBI.
133. SIMBA CHAI SACCO SOCIETY LTD P.O BOX 977-20200, KERICHO.
134. SIRAJI SACCO SOCIETY LTD P.O BOX PRIVATE BAG, TIMAU.
135. SKYLINE SACCO SOCIETY LTD (formerly Baringo Farmers Sacco) P.O BOX 660-20103, ELDAMA RAVINE.
136. SMART CHAMPIONS SACCO SOCIETY LTD (formerly Githongo Majani Sacco) P.O BOX 64-60205, GITHONGO.
137. SOLUTION SACCO SOCIETY LTD P.O BOX 1694-60200, MERU.
138. SOTICO SACCO SOCIETY LTD P.O BOX 959-20406, SOTIK.
139. SOUTHERN STAR  SACCO SOCIETY LTD (Formerly Meru South Sacco) P.O BOX 514-60400, CHUKA.
140. STAKE KENYA SACCO SOCIETY LTD.(formerly Kuria Teachers Sacco) P.O BOX 208-40413, KEHANCHA.
141. STEGRO  SACCO SOCIETY LTD (formerly Sot Tea Growers Sacco) P.O BOX 251-20400, BOMET.
142. STIMA SACCO SOCIETY LTD P.O BOX 75629-00100, NAIROBI.
143. SUBA TEACHERS SACCO SOCIETY LTD P.O BOX 237-40305, MBITA.
144. SUKARI SACCO SOCIETY LTD. P.O BOX 841-50102, MUMIAS.
145. SUPA SACCO SOCIETY LTD (Formerly Samburu Traders Sacco) P.O BOX 271-20600, MARALAL.
146. TAI SACCO SOCIETY LTD P.O BOX 718-00216, GITHUNGURI.
147. TAIFA SACCO SOCIETY LTD P.O BOX 1649-10100, NYERI.
148. TAITA TAVETA TEACHERS  SACCO SOCIETY LTD P.O BOX 1186-80304, WUNDANYI.
149. TARAJI SACCO SOCIETY LTD P.O BOX 605-40600, SIAYA.
150. TELEPOST SACCO SOCIETY LTD P.O BOX 49557-00100, NAIROBI.
151. TEMBO SACCO SOCIETTY LTD P.O BOX 91-00618, RUARAKA.
152. TENHOS SACCO SOCIETY LTD P.O BOX 391-20400, BOMET.
153. TESCOM SACCO SOCIETY LTD P.O BOX 626-10300, KERUGOYA.
154. THAMANI SACCO SOCIETY LTD P.O BOX 467-60400, CHUKA.
155. TIMES- U SACCO SOCIETY LTD P.O BOX 310-60202, NKUBU.
156. TOWER SACCO SOCIETY LTD P.O BOX 259-20303, OL’KALOU.
157. TRANS NATION  SACCO SOCIETY LTD (formerly  Tharaka Nithi  Teachers) P.O BOX 15-60400, CHUKA.
158. TRANSCOM SACCO SOCIETY LTD P.O BOX 19579-00202, NAIROBI.
159. TRANS-COUNTIES SACCO SOCIETY LTD P.O BOX 2965-30200, KITALE.
160. TRANS-NATIONAL TIMES SACCO SOCIETY LTD (formerly Trans-Nzoia Teachers Sacco) P. O BOX 2274-30200, KITALE.
161. UCHONGAJI SACCO SOCIETY LTD P.O BOX 92503-80102, MOMBASA.
162. UFANISI SACCO SOCIETY LTD P.O  BOX 2973-00200, NAIROBI.
163. UFUNDI SACCO SOCIETY LTD P.O BOX 11705-001400, NAIROBI.
164. UKRISTO NA UFANISI  WA ANGLICANA SACCO  SOCIETY LTD P.O BOX 872-00605, NAIROBI.
165. UKULIMA SACCO SOCIETY LTD P.O BOX 44071-00100, NAIROBI.
166. UNAITAS SACCO SOCIETY LTD P.O BOX 1145-10200, MURANG’A.
167. UNI-COUNTY SACCO SOCIETY LTD (formerly Tupendane Sacco) P.O BOX 10132-20100, NAKURU.
168. UNISON  SACCO SOCIETY LTD (formerly Laikipia Teachers Sacco) P.O BOX 414-10400, NANYUKI.
169. UNITED NATION SACCO SOCIETY LTD P.O BOX 30552-00100, NAIROBI.
170. UNIVERSAL TRADERS SACCO SOCIETY LTD P.O BOX 2119-90100, MACHAKOS.
171. VIHIGA COUNTY FARMERS SACCO SOCIETY LTD P.O BOX 309-50317, CHAVAKALI.
172. VISION AFRICA SACCO SOCIETY LTD P.O BOX 18263-20100, NAKURU.
173. VISION POINT SACCO SOCIETY LTD (formerly Borabu Farmers Sacco) P.O BOX 42-40502, NYANSIONGO.
174. WAKENYA PAMOJA SACCO SOCIETY LTD P.O BOX 829-40200, KISII.
175.  WAKULIMA  COMMERCIAL SACCO SOCIETY LTD P.O BOX 232-10103, NYERI.
176. WANA-ANGA SACCO SOCIETY LTD P.O BOX 34680-00501, NAIROBI.
177. WANANCHI SACCO SOCIETY LTD P.O BOX 910-10106, OTHAYA.
178. WANANDEGE SACCO SOCIETY LTD P.O BOX 19074-00501, NAIROBI.
179. WARENG TEACHERS SACCO SOCIETY LTD P.O BOX 3466-30100, ELDORET.
180. WASHA SACCO SOCIETY LTD P.O BOX 83256-80100, MOMBASA.
181. WAUMINI SACCO SOCIETY LTD P.O BOX 66121-00800, NAIROBI.
182. WEVARSITY SACCO SOCIETY LTD P.O BOX 873-50100, KAKAMEGA.
183. WINAS SACCO SOCIETY LTD P.O BOX 696-60100, EMBU.
184. YETU SACCO SOCIETY LTD P.O BOX 511-60202, NKUBU.

Be careful with fast growing Saccos!!!

People, Processes and Systems should be in place before Saccos go “viral.”  A Sacco growing fast is not a bad thing but management should make sure they are ready for it. I have witnessed some societies that were just recently registered that have opened up branches across the country raising questions as to whether they followed the right procedures in doing so.

I will be more comfortable with say Unaitas Sacco growing very fast than with a newly registered society like Good Life Sacco. Unaitas has been there for years and they have the experience running a co-operative business. Its important to have the right people, processes and systems in place before aggressive marketing.

Some of the newly registered societies are usually restricted to operate within a small area of operation e.g. a sub-county or county. Sometimes without close supervision, they expand very fast opening branches all over the country without following the required procedures or sticking to the society’s by-laws especially the area of operation and resolutions passed by members.

I have also realized that some of these newly registered and fast growing societies have hidden intention and the public should be wary of these societies and inquire appropriately before committing. Hidden agenda specifically boils down to management/board of directors. Some of them have no intention of exiting the board and have carefully orchestrated an election “system” where they get re-elected year on year out. They use intimidation or membership ignorance to continue being in office. They have somehow put in place an election policy that they sneaked into a general meeting and had it approved that assures assures them of re-election. I still believe an election nomination process that excludes independent persons, is a sham. How can a nomination committee be composed of same people in the management committee who are to be subjected to an election process and to make matters worse, end up nominating exact number of people required? Isn’t this an election carried out by board and not members of the society?

Some of the fast growing societies have also sometimes close relationship with the church or the company within which the membership is drawn. They have what they call “a patron” who has way too much sway when it comes to societal matters. They fail to note that the society is an autonomous and synonymous organization. That the society can be sued, it can sue, own both movable and immovable property, etc. The membership in this scenario has been reduced to the role of attending meetings….just to fill the hall!! They have also failed to note that the Co-operative Societies Act and Rules, does not mention “patron” anywhere!!

I predict very soon, we will have some of the fast growing societies collapsing. This is because they have not considered some of the following issues before going ‘viral’-

PEOPLE: Do you have people in place who will steer and direct the growth? Has the management been trained/educated on basic co-operatives operations, Act, Rules? Does the staff have the required qualifications and experiences? Do the membership know what are the objectives of their co-operative? Do you know the stakeholders??

PROCESSES: Are there loan applications, membership withdrawal, staff recruitment, code of conduct, staff promotion, staff dismissal, elections, investments, dividends payments, etc processes that are known by all concerned? How did these processes come into being? How are meetings conducted management (board of directors), supervisory, management/supervisory and general meetings? Are membership views taken into consideration? How is the management committee, supervisory committee, staff and membership taken into account?  How are disputes resolved? Do you have an ICT system in place to manage the unprecedented growth? Is there a strategic plan for the society? How are shareholders and stakeholders engaged? Is there a risk management programme?

SYSTEMS: How do you manage people and processes in your society? Is there congruence of action within the society? Does these system re-invent or how agile is it? How do you make sure that society’s vision is shared across board? Does this system infringe on people and processes? What is the organizational culture like?

We shouldn’t sit down and wait. The ministries (both national and county) concerned should have policies in place to check on Saccos growth and fund sub-county offices to effectively and efficiently carry out their mandate. Otherwise new kinds of DECI is in the making.

Leadership in Co-operatives

Leadership plays an important role in the management of the co-operative societies. It is the quality of leadership that usually determines the failures and success of a business organization. It has been observed that most of the failures of co-operative societies have because of ineffective leadership.

Meaning of leadership.

Leadership has different meaning to different people. It is the ability to influence people to strive willingly for mutual objectives. It is the ability of a person to make people work in harmony and confidence towards the achievement of the individual, organization and community goals. Some people believe that leaders are born. Others believe that leaders are made through learning experience. Both beliefs are true to some extent. A combination of the two beliefs makes even better leaders. In co-operative societies the committee is the governing authority and is subject to any directions from a general meeting and by-laws of the society.

leaderLeadership styles

There are four different leadership practices which may be classified according to the philosophy of the leaders towards their followers.

  1. Autocratic leader- This type of leader centralizes authority and decision-making himself or herself. There is no participation by the subordinates. They have to do what they are told. The leader takes full authority and assumes full responsibility. This type of leader is usually negative because followers are uninformed, insecure and afraid of the leaders’ authority. Unlike the dictatorial leadership he motivates the subordinates by providing their need satisfaction if they do what they are told to do (I will help you members if you obey me.)
  2. Democratic leader-This type of leader decentralizes authority. He invites the subordinates to participate in tackling problems. This happens in such a way that the group and the leader act as a social unit. The leader hold consultations with the subordinates regarding all problems and adopts and suggestions made by them if they are of use. It is for this reason that the members of the group have regard for the leader (Do you members agree with my views?)
  3. Free reign leader-This type of leader depend largely upon the group to establish its own goals and work out its own problems. The group members provide their own motivation. The leader is passive and the initiative is with the subordinates. This type of leader can produce good and quick results if the subordinates are highly educated and brilliant people. They should also have sincere desire to go ahead and perform their roles with responsibility (What do members think we should do?)
  4. Dictatorial leader-In this type of leadership followers do their work out of fear. They do what they are told. Such a leader threatens the subordinates with penalties and punishment. As a temporary measure such leadership get results but in the long run it fails. This is because it leads to the dissatisfaction of the followers (Your members must do what I say!)

Qualities of a good leader

The characteristics of a good leader in co-operatives cannot be sharply defined but can only be generalized as:

  1. Self confidence – A good leader must have self-confidence based on self-knowledge. This enables the leader to win the confidence of the members.
  2. Ability to communicate- A leader should have the ability to communicate instructions and views to others. One may have good ideas unless he or she can communicate effectively then the members cannot gain from such a leader.
  3. Integrity- Leadership functions best when it is founded on integrity and sincerity. It is more than just being honest. It requires one to have moral soundness and uprightness.
  4. Ability to inspire-A leader should have the ability to exert influence upon his/her followers. Whatever the issue should be for the good of the members.
  5. Intelligence- A good leader should have high intelligence than his or her followers. This should however not be too much higher than that of the members. It is said that the members prefer to be led by the people they can understand.
  6. Courage-A leader must also have courage to do things which he or she believes are right. This means that the leaders should be in a position of making decisions and standing by them.
  7. Flexibility of mind-With a lot of changes taking place in the country socially and economically, it s desirable that a leader should have flexibility of mind. The leader should be in position of changing with circumstances.
  8. Good Judgement-A good leader should have ability to make good judgement and have wisdom to look into the future. This should be for the good of the members and the co-operative society as a whole.
  9. Age-Age to some extent plays an important factor. It is presumed that those that have lived longer have earned experience. It is also quite possible that a young person may assume leadership because of his or her talent/trade.
  10. Time for public service-The most important qualification of a leader is that he or she must have spare time for the co-operative society. A person, who is too busy and does not have enough time to get the problems of the members solved, is not recognized as a good leader.

What if we formed a Sacco using ‘members’ who have ‘liked’ the Facebook Page “Co-operative Movement in Kenya”…?

We are 693 of the Facebook Page Co-operative Movement in Kenya. What if we formed a Sacco? Is it even plausible? I know we are going to find it hard defining and selling our common bond as “Social media users who have liked the Facebook Page ‘Co-operative Movement in Kenya’ and engage in lawful businesses and professions in Kenya” to the Commissioner of Co-operatives. But wont it be something if it were possible? 693 is a good number as the Law only requires 10 people!!

PAGESo why am I saying it is difficult through questioning if it were possible? For any group of people who would like to start a Sacco society, will be required to notify the closest co-operative office and organize for a pre-co-operative education with all eligible/potential members. Now that is the problem. How and where are we all going to meet? Do we even have a history together to say that we know each other and we have had a similar experience through a self-help group? I am saying this because, all successful co-operative ventures started as small groups of people who knew each other and that is how trust is established and would be members can bring resources together and entrust the same to the elected few.

But lets see how such a co-operative will look like with the 693 members!! Just assumptions now:-

  • Entrance/registration fees    =    1000/= (693 members* 1000/= gives us 693,000/=)
  • Value of one share                     =     20/=
  • Minimum shares 100 valued at = 2000/= (i.e. 20/=*100 shares and total share capital is 2000*693= 1,386,000.00/=)
  • Monthly contributions            =    500/= (For one month 500*693= 346,500/=)
  • Saccos give loans after 6 months from the date of registration. So the total monthly contributions will be 346,500/= *6 =2,079,000/=
  • At the end of six months we would have had a total of Ksh. 4,158,000.00 minus expenses.

Expenses are mainly:

  • Registration expenses   =   10,000.00 (including Ksh. 3,500.00 for application and registration fees, cost of hiring a venue, printing and stationery costs i.e. making the By-Laws and economic appraisal, e.t.c.)
  • Bookkeeping fees   = 8,000.00
  • Audit and supervision fees  =  15,000.00
  • Travel and subsistence allowance   =  20,000.00
  • Sitting allowance of the committees  =  30,000.00
  • General meeting expenses  =   20,000.00
  • Education and training  =  25,000.00

Total expenses for the first year = 128,000.00/=

Ksh. 4,158,000 – 128,000.00  =  4,030,000.00/=

After 6 months we loan out 80% of Ksh. 4,030,000.00 i.e. Ksh. 3,224,000.00 repaid within 6 months at 1% reducing balance to 322 each taking Ksh. 10,000.00 giving us an income of Ksh. 112,840.00

Note that it looks like we did not break even the first year but remember registration/entrance fees is treated as income and also we will be recruiting more members from the figure of 693 and we will still be giving out loans as we move from the 7-12th month. We can also include other sources of income like fines/penalties, interest from bank, etc.

Okay buddies, remember Saccos are the best way to save. Note the interest I indicated in the example above as 1% on reducing balance!! Majority of Saccos charge this interest, ask around. Also note that the monthly contributions are not restricted to the minimum given of Ksh. 500.00 above; you can save more than that.

HAVE AN AWESOME WEEKEND. CHEERS!!

Annual General Meetings are Here!!!

This is the time all co-operatives that have their financial year as 1st January to 31st December are holding their annual general meetings. Members’ expectations of course is tied to interest on deposit and dividends. People are making calls to know what percentages they are getting for the previous financial year. Some are making calls to know who is retiring in the management committee and who are contesting. Most probably nobody is sending their agendas to be considered for discussed at the AGM.

Most co-operatives only meet once in a year whether through the delegates system or whole membership attending the AGMs. Sometimes the agendas are so congested such that all of them are not discussed and some important agendas are postponed till the next AGM!!! That is 12 months or more of delay!!! So how do we get out the most from these meetings as societies or as members??

The societies…..

1. Membership/delegates should be informed earlier as stipulated in the societies’ by-laws. All of the agenda clearly stated. AOB (Any Other Business) shouldn’t be encouraged always as this ends up consuming more time. Members should be encouraged to present their agendas to the secretary early enough to be considered for discussion in the AGM.

2. Keep time. I have attended many AGMs and keeping time is a big problem. Members and even the board of directors/management committees most times never arrive on time. On average meetings usually start 2 hours later after the stipulated time even 4 hours later is not uncommon!!. This discourages some members who usually arrive early and they are also converted to late comers of AGMs. Also late meetings will lead to all the agendas being not discussed sufficiently and resolutions too will not be of quality or well thought out as the early birds will be tired.

3. Keep to the agendas. I have been to meetings where the chairman loses the control of the agenda and the membership end up discussing other things. This will to lead meeting being prolonged and members exhausted and therefore failure to finish all the agendas or have effective meeting.

4. Let the presentations be brief and to the point. Some people when given time, will bore members to death and it happens that these people are poor in reading body language. Difficult to them to know if members are bored. These people are sometimes not time conscious and most times they are the ones that arrive late for meetings!! It is important that societies’ appoint a time-keeper who will notify speakers if they have finished their allocated time.

5. Do not give drinks when the meeting is ongoing. It is better to have a short break rather than you have a presenter on the floor and someone is distributing drinks or food. Membership ends up not listening or their concentration is interfered with because of the movements and noise. Better, provide water before the meeting starts.

6. Use public address system if member numbers exceed 100! Some people are inaudible and they end up talking on the podium with the first and second rows and the rest of membership wonder what the person in front of them is saying!!

7. Switch phones off or have them in silent mode. I have witnessed several members of the societies an even board members, receiving calls when the meeting is ongoing. That is RUDE!! If the call is important, walk out with minimal noise.

8. It is good to take questions first and then answer them instead of taking one question and answering that one question before going to the next question. This saves time.

9. The societies’ minutes should capture all the relevant issues being said and proposers and seconders of those issues. It will be easier to pick up from where the societies left from the previous meetings.

The membership/delegates……..

1. Come with a pen and a paper and note all the points you thing are important or questions you will need clarification on.

2.Be patient and let there be order in asking questions. If your question has been asked, do not ask the same thing again.

3. Learn to arrive early as stipulated in the notice convening the meeting. It is good to be time keepers by reminding the management/board/members/delegates if they are taking too long to start or spending too much time on a topic or a point.

4. Be constructive. Remember the supreme authority is the AGM. Whatever is discussed or passed in these meetings as resolutions are what will determine the future of the co-operative society and also the ramifications are far much greater and do not stop at you. So be helpful.

5. Restrict your movements. Some are particularly annoying and cannot be in a meeting for more than ten minutes continuously. They usually keep dragging everybody else on same issues that have been asked or discussed time and again.

Probably there are more points that I have missed, but hope that the message has been driven home here….cheers!!

 

 

REACTIVE LEADERSHIP IN COUNTRYWIDE SACCOs A NAGGING BUG!!

I will refer to this article Will Saccos Die in the Devolved Governments Era I wrote here sometimes back and how the leadership of countrywide Saccos have failed their membership despite the impending difficulties. I had said that remittance could pose a challenge, and it sure did and is still an ongoing challenge. We all read these story Ukulima Sacco freezes staff loans on Daily Nation and you wonder how comes the leadership of Ukulima and other countrywide Saccos did not anticipate this problem and come up with measures to safeguard their members funds beforehand. 

The leadership of co-operatives in Kenya are sometimes laden with incompetence beyond your imagination. Yes, you can see buildings with names of co-operatives written on them and see suited men and women looking important heading to board meetings. But the truth is, most don’t measure to the task. They are ineligible even to attend a baraza in a village.

Devolution was coming. Staffs of certain sectors were to be devolved. We all knew this. News were full of these information. But the leadership just sat there and opted to be reactive. The sane thing to do was to visit all 47 counties and establish a rapport with the salary sections. Provide them with Sacco details and make sure to get contacts of all the 47 counties so that whenever the monies are not deducted as provided for in the deduction list or remitted within the stipulated time as per Section 35 of the Co-operative Societies Act, then you know who to contact and not just sit down and telling your members that you are waiting!!! Get realistic what are you waiting for? Your Saccos to collapse due to impending financial challenges?

GHRISIt is a high time the leadership of the co-operative movement embraced technology. The government through GHRIS (Government Human Resource Information System) has provided (is it functional? Doubt it!!) an online platform where third parties e.g. Banks, MFI, Saccos, etc can login and access their members details. It would have been a relief if they could have used the system to provide deduction list or access individual members and have deductions posted for that particular month. This would have made it easier for county governments who in return would have paid the net salaries to its staffs and paid the various societies their members’ contributions within stipulated time. Things would have been easier and efficient instead of sending deduction lists to the 47 counties……this is where I start thinking if there is anyone out there who matters and has read what I have put here hehehe 🙂 Anyway, that is they way of the future. Cheers.

 

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