by Pristone Mambili September 23, 2024
Kenya’s largest Sacco, and the second-largest in Africa in asset base, Stima Sacco has recorded tremendous growth even as it prepares to mark 50 Years’ Anniversary this week.
The Sacco that was started in 1974, boasts of growth, now serving not only clients from energy sector, but across the various sectors.
With a total 12 branches now opened across the country, Nakuru being among the counties of operation.
In Nakuru County, Stima Sacco opened doors to members in October, 2013.
In an interview on Monday September 23, 2024 during the launch of numerous activities to Mark the 50 Years’ Anniversary, Stima Sacco Nakuru Branch Manager John Nyambu revealed that good governance structure, investment in technology, highly qualified management staff, Board and supervision committee is what has propelled Stima Sacco to higher level.
According to Nyambu, some Saccos have collapsed due to poor governance, but Stima Sacco has continued to soar higher.
He noted that already Stima Sacco is now having members even from small scale and Medium Enterprises including Mama mboga and Bodaboda operators.
At the moment, Stima Sacco has 211,000 membership with 12 branches across the country with financial assets now standing at 61 billion shillings and very good returns to members.
“Our success can be attributed to our governance structure. We serve clients across all sectors,” he stated.
