KENYA’S BEST-MANAGED SACCO
The United Nations Deposit Taking SACCO (UN DT SACCO) has unveiled a new Strategic Plan 2023-2027 that focuses on efficiency for excellence.
The country’s best-managed Sacco also launched Enterprise Risk Management (ERM), Business Continuity Plan, Enterprise Resource Planning (ERP), and a new website in a strategic move aimed at providing improved and digitized financial solutions.
The Sacco is now well positioned to scale new heights in growth while offering bespoke financial services to empower members financially.
“Our new Strategic Plan charts out our long-term strategic goals for carrying out our mission of uplifting the socio-economic status of our members by offering them high quality, affordable and diversified financial services while staying true to our core values of Integrity, Accountability, Customer Focus, Teamwork, and Innovativeness,” said CPA Bernard Koech, Board Chairman.
The five-year blueprint will enhance and modernize the DT Sacco’s institutional capacity and facilitate an innovative approach to service delivery while contributing to the co-operative sector market development.
“The new Enterprise Resource Planning system is another great milestone that enables us to integrate the Sacco database of information for seamless day-to-day processes,” said CPA Koech. The Sacco growth strategy focuses on providing digital solutions, significantly reducing the turnaround time.
“We have introduced the UN DT SACCO App that allows all members to interact, transact and access all Sacco information in one place,” said the Chair.
He said the Enterprise Risk Management and Business Continuity Plan were developed in line with the Sacco Societies Regulatory Authority (SASRA) guidelines and the global best practices like ISO 31000 and 22301.
“ERM framework will enable the Sacco to evaluate risks in all processes while business continuity plan will reduce service delivery disruption. The two frameworks give the Sacco management a holistic approach to managing risks through resilience management,” said CPA Koech.
In an industry driven by technology, the SACCO revamped website is an interactive platform that enables members to do more than access information.
“Implementing the new changes and goals will assist us in communicating better and serving our members effectively. I am gratified by the monumental strides made by the Sacco since its inception; we can achieve more through collaborative efforts,” said CPA Koech.
The growth of UN DT SACCO has been tremendous, from a humble beginning of 131 members in 1975 to over 6,500 members currently. The SACCO is ranked the 9th largest DT Sacco nationally, with total assets valued at over Ksh16 billion, total member deposits above Ksh12 billion, and a loan book of over Ksh10.1 billion.
Voted the best-managed Sacco last year during the Ushirika Day celebrations, UN DT SACCO is a world-class financial institution, setting the pace in the co-operative movement in Africa. Its membership is drawn from local and international employees of the United Nations (UN) and its affiliated agencies all over the world.
The Sacco will be marking 48 years of excellence this year, having achieved major milestones that have cemented its mission of uplifting the socio-economic status of members.
What have we done right?
Customized affordable credit products
Our members enjoy wide access to affordable credit products customized to meet their needs.
Loan Turnaround time
Our efficiency in processing loans ensures that members enjoy a short turnaround time of fewer than 24 hours regardless of the amount applied, with no loan processing fees.
Excellent Customer service
Our members enjoy superior customer experience as we uphold our core value of Customer Focus by frequently empowering them through member education forums.
Digitization and innovation
Our improved and seamless digital banking platforms offer convenient banking solutions through mobile banking, and online access to member statements, among others.
Corporate Social Responsibility program
Through our commitment to contributing to the socio-economic growth of society, we are currently working with Cheleta Primary School to support them in achieving academic excellence through our CSR program.
Competitive returns on investments
As the best SACCO globally, we take pride in giving the best returns year on year, with dividends at more than 10 percent and up to 13 percent on share capital.
Market Leader
Our position in the co-operative sector has remained unraveled as we consistently and earnestly provide bespoke financial solutions that empower our diverse members, who range from the young, aggressive investors to the seasoned, more cautious savers.
