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.
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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!!

 

 

Managing Change in Co-operatives

The economic environment is dynamic and keeps on changing globally. It is therefore imperative for co-operative societies to keep abreast of the global changes or risk being irrelevant. Change is sweeping in nature and non response to change leads to being obsolete.

managing change is saccosIn order for co-operatives to manage change as it occurs the following factors need to be put in place:-

1. Awareness

It is of utmost importance for members of the co-operative to be aware of the changes affecting the economy as a whole i.e. potential socio-economical, technological including information technology and their effect on modern living. To do this the co-operative are required to set aside adequate funds for training and education not only for committee members but also for the general membership. It is the general membership that provides the leadership of the co-operatives and also an enlightened membership is an asset to the society.

2. Amendment of the co-operative society By-Laws

The current liberalized economy requires that co-operatives can rise up to the challenges and pressures of everyday living. The Co-operative Societies Act Cap 490 has made provisions for the amendment of the By-Laws of co-operative societies so that they can incorporate the changes that are occurring to suit current members needs.

3. Professionalism in the management of the co-operative societies

Co-operative societies are essentially business entities with various different products and services, but they are not alone in that line of business. There are other players in their diversified fields competing for the same business. It thus important that co-operatives are managed with utmost professionalism in this age of liberalization in order for them to survive. Other competitors are professional in approach and functioning. They employ the best professionals in their fields found in the open market, they adopt the most economical, cost effective methods and strive for the maximum profit in the market.

4. Marketing strategy as a manner of change in co-operatives

Marketing research is vital to all stages of the marketing plan:-

  • For decisions on the marketing mix, for example product research, pricing research, advertising research, etc.
  • For the implementation and control of the marketing plan, and
  • For assessing the extent to which objectives have been achieved.

Marketing research gives the following information inputs from the market:-

a) Environment audit

This reviews the organizations position in relation to changes in the external environment i.e. social, political, cultural, legal, economical and technological. The audit provides information which directly affects the setting of co-operative objectives. The market place is by definition, part of the “environment” and is a source of revenue and profit.

b) The Competitor audit

Provides competitor intelligence, competitor response models and so on, which again influence the co-operative objectives, strategy and contingency planning.

c) The customer audit

Assesses the existing and potential customer bases to provide information as to whether to develop new markets.

d) Product portfolio

This analysis provides inputs for decisions on whether or not to drop certain products and or add new ones.

e) Provides the basis for all other functional activities as well as marketing.

Information inputs from marketing to the co-operative society planning decisions perform a double duty, apart from planning they also provide objectives and strategies.

From the foregoing discussions, it is apparent that in order to manage change awareness, preparedness and implementation not to forget continuous market research are necessary components that cannot be ignored.

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