SAVING LIVES THROUGH THE MEDICAL WELFARE INITIATIVE;PONGEA PRODUCT.

Health care is one of the four key pillars that the Kenyan government hopes to deliver in the next four year
Further, the government hopes that by the year 2022 the health coverage will have risen from the current 25.74 million Kenyans to a population of over 50 million.
Imarisha Sacco was already on the way to securing a health plan for its members through the Pongea welfare, a medical welfare initiative to assist members get a reprieve from the expensive medical conditions.
Through the initiative Imarisha Sacco members came together and contributed to build a sinking fund, an initiative that assists members to foot their medical bill in an event they require specialized treatment.
The individual member allocation has a maximum limit and this amount is only payable to recognized hospitals with which the Society has a memorandum of understanding. Each member  contributes a total of ksh.400 per month.

The Deputy CEO Mr.Ernest Langat addressing members.

The  deputy C.E.O Imarisha Sacco Mr. Ernest Langat while addressing members during an education day forum held in Edoret satellite office  said,” the Pongea medical welfare  initiative  had been  enhanced to a maximum of kshs.1.5 million from the initial Kshs. 1.2 million and the consolation amount to any bereaved family  raised to ksh.100, 000 up from kshs. 75,000”.
Action.
 Members entitled to this cover can now foot medical bill for illnesses that require referrals for advanced treatment such as kidney transplants, heart problems and cancer
 The funds are payable to recognized hospitals with which the society has a Memorandum of Understanding including ones abroad.
Testimony.
Ms. Doreen Rono a member at the Kericho Sacco branch since year 2010 was awarded kshs.1.million and a further kshs. 250,000 for personal upkeep  when she was diagnosed with life threatening cancer ailment last year."I am happy to be alive, am a beneficiary, I encourage members to contribute and be a part of pongea medical welfare initiative” She said.
 Future plans.
Imarisha Sacco will in future expand this welfare medical initiative to cover other ailments, “we encourage members to continue contributing to the kitty to save lives of members who would otherwise loose a fortune trying to stay alive courtesy of expensive medical bills”, the deputy C.E.O Mr. Ernest Langat concluded.

@imarishasacco

THE PEPEA LOAN PRODUCT FOR RETIREES

Over 120  retirees can live to tell a story of how Pepea loan transformed their lives immediately after they left service. Financial management and guidance from Imarisha Sacco is what enabled them to sail through to happiness and prosperity during retirement as some ventured into farming and businesses.

“I became a member of Imarisha Sacco in 2004 and since then i have never regretted.” Said one of the members. “I am doing farming using funds borrowed from Imarisha Sacco, Litein Fosa branch. Now that i have Pepea loan from the Sacco i am proud. I can borrow more and built more structures.. He added.

Bureti Fosa branch in Litein town

Imarisha Sacco is at the forefront in transforming the lives of the retirees through the Pepea product initiative aimed at cushioning members as they await their pensions/gratuity. A stress free life during retirement period is every workers dream; this can only be 

 achieved through a prudent financial investment. Members can access a loan up to Ksh. 10,000 per month for a period of 15months.

Members can now choose happiness after years of waking up early to go to work, taking care of kids and running errands. They can now enjoy old age experience and new adventures.  The retirees knew that retirement period was fast approaching and had to plan ahead to stay better ahead of the rest.. 

 ICT manager Mr Caleb Sigei explains on the pepea loan during past member education day forum

The dream of becoming successful financially can only be realized when you have a financial friend like Imarisha Sacco.‘’We not only build you financially while still on service but also walk together in the journey of your retirement. We at Imarisha Sacco would like to be a part of every step to your financial success. Said  ICT manager Mr.Caleb Sigei.

As C.S LEWIS puts it clearly ” you are never too old to set a new goal or dream a new dream”,.

IMARISHA SACCO RECORDS 12.07% ON ASSETS

Imarisha Sacco Chairman Mr.Mathew Ruto addressing delegates

Imarisha Sacco Society Limited has recorded an impressive increase of 12.07% in asset growth to 9,251,602,383.20 and 13.08% in deposits to a tune of Ksh.5,848,789,639.82 as at 31st December 2017, the society’s chairman Mr. Mathew Ruto said this on Friday 20th when he unveiled the 29th Annual Delegate Conference at the Kericho primary school.
Mr. Ruto disclosed that payments of interests on members deposit was at rate of 10.58% and payment of dividends on share capital at rate of 9.92%.

Delegates follow proceedings on chair report and financial statements.

Loan products

New products to boost growth in asset base and income

The Chairman further announced that the Sacco has introduced new loan products among them Pamoja, Chapchap, Soko, Muwa , Kilimo, Chama, Binafsi, Daraja loans. He said that new products would boost the society’s asset base and income.
Technology
The society has  adopted modern technology which includes the introduction of E-loan dubbed M-Ima loan, Agency banking, Digital Cyber centre, E-guarantors and Bio metric system to improve on efficiency and service delivery to its members.

Saving culture

The CEO Imarisha Sacco Mr.Mathew Rotich.Awards the best saver. Parrot account.

To promote the culture of saving and investments, the society  recognized best savers which are in its FOSA and BOSA services. The categories include public servants, teachers, Diaspora, corporate members, parrot and fixed deposits.

Fosa Senior citizen’s account
The Sacco at the same time launched a savings account that will enable its members save while still in service. This savings will cushion them as they wait for their pension which normally takes long after retirement.
 Marketing outlets
To increase its market base, Ruto announced the opening of  new marketing outlets in Eldoret and Narok ,it will soon open similar outlets in Nairobi, Nakuru, Narok, Kilgoris and other target areas.
The delegates in the meeting adopted the chair report and the financial statements.

AN OPPORTUNITY TO INVEST IN YOUR CHILD'S FUTURE THROUGH PARROT ACCOUNT.

The Imarisha children's saving account Parrot is planting seeds and inculcating saving culture among the children so as to realize their  future dreams.The parents/guardian operated account  is meant to build means and make children future a reality.

With an attractive package, the Parrot Savings account  is gaining popularity among members and prospective clients.The account which earns interest on member accounts with a balance of Ksh.5000 and above allows for  withdrawal to a limit of 3 times annually with no ledger fee charge.

The chairman Mr.Mathew Ruto(holding child) during a past education day forum

During a member education forum held at  Awasi Imarisha Sacco  branch,the Sacco Chairman Mr. Mathew Ruto while addressing parents and guardians  said,"the best gift you  can give your child is to open a parrot savings account"


he continued to add, "research show that a child taught to save at early age saves better when he or she is a grown up, this is the goal of the children's parrot account,to entrench the the saving culture for posterity".

The Imarisha Parrot savings account has a minimum opening balance of  ksh.1000. Children aged between  1-18 years can open a parrot account.

Litein branch marketing team explain how the  Parrot account operates

Parents who  have opened and  operated a parrot savings account for their kids have always had a good testimony  on what the account can achieve.

Testimony. 
"The most notable benefit of this account  is the ease at which i save for my child's school fees and withdraw during the hard financial times"this is a comment by Mr.Vincent Koech, one of the parents operating  an account on behalf of his child at the  Kericho FOSA branch.

The best advice for  parents with growing kids is to open and operate a Parrot account to ease any unforeseen  financial burden and most importantly to instill  the culture of savings among the children.
  
Shaping your children’s future is our priority.Invest early,make hay while the sun shines.  
                                             
@imarishasacco

                                                                                      

                                                                                                               

                                                                                                                                                

                                                                     

ASSET FINANCE FOR KENYANS IN DIASPORA

Mr.Mathew Ruto Chairman board of directors.

"Imarisha Sacco Society Limited places great value on the contribution that members of the Diaspora make on their motherland,we understand the passion and desire to transform and make home a better place for us and generations to come". These were the words of  Imarisha Sacco chairman during the 29th annual delegates meeting held recently.

The chairman added"unfortunately most of these dreams are not achieved or takes too long to be realized,we are the missing link; a reliable partner who can walk this journey which requires trust, vision, and prudent financial management".

Our society is undertaking this major step to bridge the gap and provide an asset financial product for investments and growth for Kenyans in Diaspora.

Assets that imarisha Sacco can finance among other products.

The asset finance for Kenyans in Diaspora product allows you to own land, house, real estate, buildings, motor vehicles, matatus  and agribusiness assets.

Members can identify the assets of interest and the Sacco shall develop suitable products and engagements to realize your goals.

 The assets finance products offers competitive interest rates and a flexible repayment time.

Upon joining, identification of property and acquisition of asset finance, Imarisha Sacco do not stop there; we go an extra mile to manage your assets and add value to your investments.

We develop  your investments to meet the highest standards; all government and development requirements ,processes and procedures which includes the regulatory body NCA, provision of interim certificates of phase completion ,KRA  requirements ,levy stamp duty ,county government approval and where applicable installation of electricity ,fiber connections ,gas and cable TVS.

The Sacco also offers security of investments and guarantee members to get extra financing without additional guarantors

Imarisha Sacco society limited and Kenyans in Diaspora can work together to grow and get good returns on investments through the asset finance for Kenyans in Diaspora.

                                                         
                                                                                                                  @imarishasacco