Members Enjoy Fruits of Imarisha Sacco Continuous Innovation of New Products

 

Joseph Koech(beneficiary) receives a canter lorry financed
 by Imarisha Sacco at Litein Branch.
To hand over is  Director Peter Nyigei

Imarisha Sacco society through Micro credit department has urged its members to take advantage of the available asset finance product.

Speaking during a canter lorry handover event at Litein branch, the Micro credit department manager, Kipkemoi Kelong, expressed the Sacco's commitment in empowering its members with assets such as tractor, canter lorries, pickups among others.

“We urge all our members to save up with an aim of benefiting from this loan product. This is a product that targets both the salaried and non-salaried members,” Mr Kelong said.

According to the manager, the eligibility of a beneficiary is based on a steady cash flow and remittances.

Imarisha Sacco  Director and staff pose for a photo with
 the Asset finance beneficiary 

While encouraging non-members to join the Sacco, Imarisha Sacco director Peter Nyigei disclosed that applicants only need to raise 25 per cent of the total cost of the asset required.

“Today we are handing over a canter lorry to a beneficiary who has been channeling his proceeds through us. The product is very affordable and its repayment period is 48months,” he said.

“We urge all interested members and non-members to join us, open an account and save with us to access this product and much more,” he added.

Joseph Koech the beneficiary from Simoti, in Konoin Subcounty, could not hide his joy after receiving the canter lorry which he says he intends to use in his business operations.

The retired chief disclosed that he has been saving with Imarisha for a very long time.

“I have been saving with Imarisha Sacco ever since I became their member. Recently when I retired as a chief, I decided to look for an alternative source of income and Imarisha was there for me. I am happy today because I am taking home my canter lorry,” he said.

The Sacco has been in continuous innovation of new products such as asset finance which has been transforming the lives of its members

Farmers in Ndanai Become the Biggest Beneficiaries of Imarisha Sacco Asset Finance Loan Product

 

A farmer in Ndanai receives a tractor courtesy of Imarisha  Sacco under Asset finance . 

A farmer in Ndanai, Bomet county has a reason to smile after receiving a tractor from Imarisha Sacco Society courtesy of asset finance loan product.

While receiving the tractor the beneficiary, Victor Kiplangat, lauded the Sacco for its dedication to assist members from all walks of lives to achieve their financial and investment dreams.

“I am happy today that I have received this tractor that will enable me to carry out my agricultural activities. I will ensure that all proceeds accrued are deposited back to the Sacco to allow me to get another tractor within 2 years,

I sincerely give gratitude for opening doors to members who are non-teachers so that we too can benefit,” he said.

 

The event that happened at Imarisha Sacco Ndanai branch, saw the attendance of the Sacco directors and staff of Ndanai Branch.

Imarisha Sacco Director pose for a photo with the tractor beneficiary  at Ndanai Branch.

According to Andrew Mutai who is Ndanai branch director, the branch is the highest among all the branches having loaned out 12 tractors in total.

 

 “We are here today to hand over a tractor to one of our beneficiaries who has chosen us and has been financed by Sacco. This recent tractor handover brings the total number of tractors to 12. We look forward to getting more clients who can benefit from this life changing product,” said director Mutai.

 

Ndanai Branch Manager, Daniel Kirui, who echoed Mutai’s sentiments encouraged members to visit the branch and apply for this loan product which he insists is life changing.

A beneficiary in his tractor 

“We encourage our members to apply for this loan product. All you need is an active account with steady cash flow and the applicant must be able to raise 25% of the total cost of the asset,” Kirui disclosed.

“The repayment period of this product is 48 months. You can be financed with all the assets including pickups, farm equipment, personal cars among other assets,” he added.

 

Imarisha Sacco offers Asset finance across all their branches. Talk to us today.

 

Secrets to Financial Wellness and Wealth Creation

Secrets To Financial Wellness And Wealth Creation

Financial empowerment and wellness is what everyone desires to be on top of their finances and become financially stable to be able to meet and cater needs that are always ballooning.

A financial consultant training members during  a past education day forum

So beneficial is financial wellness that Imarisha Sacco has over time unveiled series of educational tours in its catchment areas through the month of March to May.

Below are some of the highlights of training sessions in the past foras.

Plant several  financial wealth trees that brings steady supply of income.

This way you will be able to get income from several sources and remain a float in terms of finances. You will also be prepared for unforeseen emergencies that can arise. The same also will be able to cater for your needs to avoid sinking into debts that could be disastrous to manage.

Budget your resources well to avoid debts.

A member registers for education  day forum

Managing debts can be a problem if you don’t budget your resources well. You will end up buying things you don’t need and leave out the things you need or are important.

Save and Invest for your future

The best way to earn money is through saving and investing. This is the only you will pay yourself and, meet your financial needs easily as you climb the ladder of financial independence. Remember a penny saved is a penny earned.

Manage your debts very well to avoid financial crisis.

Write down the debts and loans you have borrowed and prioritize when repaying them. Start by repaying those loans that have shorter repayment period so at to be on the save side and avoid being blacklisted from accessing more loans.

Take a loan after identifying a project you want to undertake.

Do not take a loan after repaying the previous or because your friend or relative has taken. This is way you will be able to be financially well.

WHY YOU SHOULD JOIN, SAVE AND INVEST IN SACCOS

The recent report by Sacco Societies Regulatory Authority (SASRA) indicates that women top Sacco membership compared to men and youth whose percentage was lower.

This is a wake up call to an ever ballooning number of youth who are left stranded after they complete their education.

Imarisha Sacco headquarter located in Kericho Town 

The earlier call to them to start businesses has been a challenge because they lack loyal financial friend to walk them through the journey of financial freedom. This is the right time to join Savings and credit societies (SACCOs) to transform and secure their future.

Imarisha Sacco Society Limited  has been in the fore front in innovating products and services that suit young entrepreneurs who want to invest and start businesses that will steer them to brighter future.  

A customer being served at Imarisha sacco branch 

The adoption of new technology makes Saccos competitive to save and invest because of ease and convenience in accessing affordable loan products, services and financial advice

Imarisha Sacco enable youth acquire capital to start and expand their business through business loans, and also acquire other properties that can make them conduct their businesses at ease. The Sacco offer low interest rates and one can join and access loans without necessarily having a pays lip.

This is chance for the youth to register and get access to these available be products tailored for them so that the can be able to achieve financial independence.

Send Us a Message; kerichohq@imarishasacco.co.ke. Give Us a Call +254 709578000

IMARISHA SACCO FINANCES TECHNICAL TRAINING INSTITUTE BUS

 Imarisha Sacco society limited handed over a 62 seater bus to Konoin Technical Training Institute in an event held at the institute grounds. The bus financed by the Sacco at the tune of Kshs. 12 million is aimed at supporting technical training institutes attain their goals.  

Sacco  Directors and staff   led by Mr Philip Sigei during the bus launch. 

“Imarisha Sacco is committed to financing activities in educational facilities to improve education and technology for development in the country”, said CEO Mr Mathew Rotich.

 Siele, CEO Mr.Mathew Rotich and staff members at the KOTTI institute during the bus launch event.

Mr Rotich hailed the Institute management for partnering with the Sacco and ensuring that they benefit from a product that contributes to the education agenda in the country

During the event, the then principal secretary in the state department of vocational and technical education Dr Kevit Desai said that the government is keen on training and value addition on local products like milk and other services to attract local and international markets.

KOTTI Institute bus 

Konoin Technical Training Institute has installed a milk processing plant for value addition on milk products and other technical facilities to train the youth and locals. “This has been a long way coming and I thank the Chinese trainers for the effort on training the trainee trainers” added institute principal Mr Haron Maosa Onguso

KOTTI was established three years ago and offers both diploma and certificate courses in computer information technology, building and civil engineering, business studies and applied sciences.

The Sacco stand with the members and partners as the government seek to take TVET education to a higher level.

Present during the event were Imarisha Sacco directors Phillip Siele, Shady Sigei, Jessica Siele and the microcredit manager Mr. Kipkemoi kelong.                                                                            

Imarisha Sacco Opens New Investment Opportunities.

 Imarisha Sacco's strategic plan to expand and reach more members in the North Rift will avail new business and investment opportunities to the area residents.

The Sacco last month launched Eldoret branch to reach the vast agricultural and business groups with new products and services that suit member needs.

Eldoret branch established as a marketing outlet three years ago and has since grown to a branch that caters for the members and potential customers of North Rift.

 With the newly launched branch members can access affordable loan products and services to enable them to achieve financial independence.

Imarisha Sacco Eldoret Branch Zion mall 

The branch is seen as a window of opportunities for economic and agricultural growth. Members who are strong believers in the cooperative movement can now dream of achieving their long term investment goals.

SMEs In the entire North Rift region can now to join the Sacco and benefit from the affordable product and services that include Soko loan, Soko Poa products among others.

The larger agricultural segment will also get access to Kilimo loan and Kilimo advance to expand their agricultural production for their benefit.

Contractors who are mainly the youth and the self-employed can benefit from the new contractor loans to improve their services.

HE Jackson k. Mandago EGH.Governor Uasin Gishu county

The branch opened on the 27th September 2019 and graced by HE Jackson Mandago E.G.H Governor

Uasin Gishu County, member of staff and delegates

In his speech, the governor urged the youth to get access to the Sacco services and get assistance in investments, loans, savings and much more. He also lauded the Sacco's bold move in opening a new branch in Eldoret and that he would ensure that he works with the SACCO for the common benefit of the common man.

Chairman Mr. Mathew Ruto.

The Chairman Mr. Mathew Ruto called upon all members of all walks of life to and patronize the Sacco products and services to reap the fruits of the cooperative movement.

The new Eldoret branch is located at Zion Mall ground floor.

The Sacco encourage members to visit our branch and get access to a variety of products and prompt services.

Unity is strength.

Imarisha Sacco opens new branch in Eldoret town

Imarisha Sacco journey that started 41 years ago with a handful of members now stand as towering financial figure in the Kenyan cooperative movement.

With a strong asset base of over Ksh.12.1 billion and a membership of over 83,000, the Sacco now tops financial institutions that contribute to the livelihoods of many of our members and the national economy.

Our journey to attain the ninth branch is a positive milestone in our strategic plan. The new branch that opens its doors to members today has modern facilities that provide affordable products and services that meet customer needs.

Jackson Mandago Governor Uasin Gishu officiating the opening of the branch. 

As we seek to recruit new members from North Rift we already have an existing good number of memberships drawn from the following counties: Uasin Gishu, Nandi, Baringo, Trans Nzoia, Elgeyo Marakwet and Turkana.

Chairman Mr Mathew Ruto 

“My leadership is focused on strengthening the Society and fulfilling the aspirations of our members thus contributing to a strong cooperative movement; I can confidently say, we are a contributor to members’ social well-being and national economy”, Says Sacco chairman Mr. Mathew Ruto.

Imarisha Sacco C.E.O Mr. Mathew Rotich

“Today as we unveil Eldoret branch, we assure our members of quality products and services. The branch will leverage on new technology to ease customer service delivery”, says C.E.O Mr. Mathew Rotich.

Eldoret branch: Unlocking regions economic potential.

Imarisha Sacco Eldoret Branch is located at the Zion Mall ground floor along

Imarisha Sacco Eldoret branch 

Uganda road at Central Business District of Eldoret Town.

The Branch is strategically situated to serve members from the North Rift region and its environs. The Branch opens its doors on the 27th September 2019. We wish to take this opportunity to welcome all the residents of this region to join Imarisha Sacco family. This provides the much awaited opportunity for the residents of this County and the neighbouring counties to be members.