Imarisha Cooperative Savings and Credit Society Limited

Last updated
Imarisha Cooperative Savings and Credit Society Limited
Type Private
Industry Financial services
Founded1978 (1978)
Headquarters Kericho, Kenya
Key people
Mathew Ruto (chairman), Mathew Rotich (chief executive officer)
Products Loans, Checking, Savings, Investments, Debit Cards
Total assets US$142 million (KES:20 billion) (2023)
Website www.imarishasacco.co.ke

Imarisha Cooperative Savings and Credit Society Limited, also known as Imarisha Sacco Limited, but often referred to as Imarisha Sacco, is a savings and credit co-operative society (Sacco) in Kenya, the largest economy in the East African Community.

Contents

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 billion). [1]

History

The society was established in 1978, under the name: Kipsigis Teachers Sacco, with the support of two teachers' unions, namely the Kenya National Union of Teachers (KNUT) [2] and the Kenya Union of Post Primary Education Teachers (KUPPET). With an initial membership of 100 teachers, the objective was to meet the financial needs of teachers, using funds mobilized from the members. In 2014, the society rebranded to its current name and began to accept members outside the teaching profession. [3]

Ownership

The shares of stock of Imarisha Sacco Limited are privately owned and publicly undisclosed.

Branches

As of January 2023, the society maintains a network of branches at the following locations:

  1. Kericho Head Office - Imarisha Teachers Sacco Building, Nakuru-Kericho Highway, Kericho
  2. Bomet Branch - Imarisha Teachers Sacco Building, Bomet
  3. Bureti Branch - Imarisha Sacco Building, Sotik-Kericho Highway, Bureti
  4. Mulot Branch-Bomet-Narok Highway,Mulot
  5. Keringet Branch-Keringet Mall
  6. Awasi Branch-At Awasi-Chemelil Junction
  7. Ndanai Branch-Ndanai Enterprises Limited Building
  8. Nandi Hills Branch-Kolongei Building
  9. Narok Branch-Oltalet Mall
  10. ELdoret Branch-Zion Mall Building
  11. Nairobi Branch-Embankment Plaza
  12. Nakuru Branch-Salman Centre
  13. Kilgoris Branch-Along Olalui Road
  14. Kisumu Marketing Outlet-Swan Centre

See also

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References

  1. ↑ Kimei, Timothy (31 August 2014). "Sacco Buys Office Block for KSh210 Million In Kericho". Business Daily Africa (Nairobi). Retrieved 1 September 2014.
  2. ↑ Kimutai, Gilbert (3 July 2014). "Teachers Threaten To Stage Demo Against Sacco". The Standard - Mobile (Nairobi). Retrieved 1 September 2014.
  3. ↑ Shivairo, Kennedy (31 July 2014). "Imarisha Seeks To Increase Its Board Membership". SaccoReview.ShendPublishers.Co.Ke. Archived from the original on 3 September 2014. Retrieved 1 September 2014.
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