Tai Deposit Taking Sacco has been making a significant impact on environmental conservation activities in the country. The Sacco is dedicated to restoring the forest cover, supporting the government’s ambitious plan of planting over 15 billion trees, and creating a greener environment for future generations.
Tai Sacco’s commitment to environmental conservation is unparalleled, and it has been actively involved in tree-planting exercises for a long time. The Sacco has been planting trees at water reservoir areas, which are essential for preserving water sources and promoting a healthy ecosystem in the region.
Recently, Tai Sacco’s Board of Directors and staff planted close to 4,000 trees at Karimenu Dam in Kiambu County, as part of the Sacco’s contribution to the National Tree Planting initiative.
The collaboration between Sacco and Athi Water serves as a clear indication of Sacco’s unwavering dedication to creating a positive impact on the environment. Through this partnership, Sacco has demonstrated its strong commitment to fostering sustainable practices that prioritize environmental conservation and protection. This collaboration is a shining example of how businesses can work together to promote eco-friendliness and contribute towards a better future for our planet.
The Tier 1 Sacco has taken up the responsibility to combat deforestation by supporting farmers in adopting smart farming practices. Tai Sacco has been distributing and planting coffee seedlings to various farmers’ cooperative societies, empowering them with modern farming practices and knowledge.
To achieve its goal of supporting thriving agribusiness ventures, Tai Sacco frequently holds field days where farmers are given the opportunity to learn from experts and observe demonstrations from the demo farm. These field days are open to everyone and are an excellent opportunity to network and learn from others in the farming community. The Sacco also provides high-quality seedlings, empowering farmers to cultivate their land sustainably and boost their income. By promoting agribusiness, Tai Sacco is transforming farmers’ way of life and creating a sustainable future for the region.
Tai Sacco’s corporate social responsibility initiatives are embedded in three pillars: education, health, and the environment. Under the Tai Foundation, the Sacco offers educational sponsorships to needy and vulnerable students.
The Sacco believes in nurturing thriving communities and has been sponsoring needy students to accomplish their education dreams by fully supporting them in achieving academic excellence.
Tai Sacco also participates in county and school Price Giving ceremonies, which highlights the organization’s commitment to education. The Sacco understands the importance of education and is proud to support young achievers in their academic journey.
In addition, the Society has been carrying out a lot of community support as its business model is designed to give back to society and support sustainable development. Through its initiatives, Tai Sacco is making a significant contribution to the growth and development of communities.
Tai Sacco, a premium financial institution in the country, has joined the Tier-1 category after reaching an asset base of Ksh5 billion. The Sacco’s total assets grew from Ksh4.1 billion in 2022 to over Ksh5 billion in 2023, which was attributed to increased lending and the use of technology in service delivery.
In 2023, the Sacco also reported impressive growth in loans and advances to members, reaching Ksh3.86 billion, compared to Ksh3.12 billion the previous year. The Sacco also witnessed a surge of 16% in its members’ deposits, reaching Ksh3.27 billion.
The Society achieved remarkable growth in total revenue, which increased by 21.8% to reach Ksh820.8 million in 2023 from Ksh673.9 million in 2022. As a result, members received improved annual returns that rose by 24.6% to Ksh159.97 million.
“Tai Sacco is on the rise, and we are destined for greatness as we focus more on digital transformation. Members are the top priority, and it is crucial to provide them with the most accessible and cost-effective financial services and products. We are committed to empowering them financially,” Mr David Gitau, the Sacco Chairman, said.
The Sacco has been on an upward trajectory, fast-rising to a giant Sacco that is positively transforming lives nationally. As a financial eagle, the Sacco, whose motto is “together we soar,” is uplifting livelihoods and powering dreams to reality. With major milestones under the current 2020-2024 Strategic Plan, the Sacco Board is developing a new 2025-2029 blueprint.
“Tai Sacco is now a formidable financial institution. Our digital services are on an upward trajectory, elevating our members’ satisfaction and experience. We prioritize enterprise development, education, health, and the environment to maximize the benefits for our members and support community development,” said Mr. John Mwangi, CEO.
The Sacco’s future growth is premised on adopting technology, developing customer-centric products, and enhancing efficiency in service delivery. The Sacco has introduced Mpesa till services and reengineered its products, which have fueled its growth and revolutionized businesses. Owing to its outstanding services, the Sacco has attracted a high number of members from the diaspora.
