TOGETHER, WE GROW
Imarika Deposit-Taking Sacco is transforming lives. Members are becoming millionaires. The Sacco’s Milli Club is thriving. A vibrant community is emerging as members’ social and economic status change. At the Sacco, empowerment is the goal, and success is the result.
For over 50 years, Imarika has successfully empowered members to become millionaires. This was demonstrated recently when the Sacco held its Annual Investor Forum, a two-day event designed for bonding, networking, and equipping participants with valuable skills and knowledge.
“We are on mission is to enhance the livelihoods of our members because we believe together, we grow. For the past five decades, we have achieved remarkable success, and we are poised for even greater accomplishments in the next five years. Our emphasis on holistic development ensures our members thrive and find fulfillment. This commitment to nurturing happiness is the driving force behind our growth at Imarika Sacco. We are dedicated to transforming lives for the better,” said Mr John Ziro, the Sacco Board of Directors Chairman.
The investors forum highlights Imarika’s success in mobilizing savings, while also providing opportunity to recognize and reward its top savers yearly.
Over the years, the Sacco has truly embodied its name, which means “become better,” by providing members with accessible, innovative, competitive, and reliable financial solutions. This approach has significantly empowered members socio-economically.
“Our success is not measured by the profits we make at the end of the year but by how many people have improved their lives through our financial services and products. We are people-oriented, focusing solely on transforming lives through excellence,” said Mr. George Yongo, the Sacco Chief Executive Officer.
With a vision to be the trusted Sacco of choice for all, Mr. Yongo said their primary mandate is to provide affordable loans, rather than declaring exorbitant dividends, and to facilitate members’ savings, which are essential for wealth growth.
“Our Board of Directors has ensured that our policies and activities enhance members’ dignity and support their life aspirations. We are glad to see our members thrive,” he added.
The best savers forum highlighted the diverse membership of Imarika DT Sacco, which includes individuals and groups from various sectors of the economy, such as teachers, farmers, doctors, and businesspeople. From old to young, the Sacco is walking the journey with members and supporting them in achieving their goals. Members praised the Sacco for changing lives and fulfilling its promises.
“The Annual Investors forum is an exceptional platform for investment growth. I truly value the engaging challenges posed by fellow investors and the insights provided by knowledgeable facilitators. A heartfelt thank you to Imarika for recognizing members and promoting our collective advancement,” said a Milli Club member.
The Sacco ensures members have access to its financial solutions wherever they are, extending far beyond its nine physical branches.
With over 178,000 members, Imarika Sacco has recently experienced rapid growth in its millionaire club, which increased by 25% last year. As members’ lives improve, the Sacco’s financial position has also strengthened, boasting over Ksh 14.6 billion in assets, Ksh 1.2 billion in share capital, and a loan portfolio surpassing Ksh 12.6 billion. In 2024, the Society reported an income of Ksh 2.2 billion and paid members a dividend of 15% on shares.
Through new technology-driven service delivery, Imarika Sacco is redefining banking for its members. From initiatives like the mzawadi loyalty program, which allows members to earn points that can be redeemed to an exciting members’ portal where they can access extensive information about the Sacco.
Education and Training
Imarika Sacco is also connecting members to solid investment strategies and wealth-building opportunities. It has made strides by focusing on saving money, enabling its members to build wealth while equipping them with the skills necessary to achieve financial independence and consequently become millionaires.
At the core of Imarika DT Sacco is a community-driven approach that fosters a sense of belonging among its members. The Sacco has created an environment where individuals feel supported in their financial journeys.
Forums such as the Annual Investors event encourage members to share knowledge, experiences, and resources, leading to a richer understanding of Sacco operations and wealth creation.
Its standout feature is training and education. The Sacco regularly conducts workshops and seminars to enhance its members’ financial literacy. This was the case during the recent delegates’ training, which equipped them with the right knowledge to make informed financial decisions. This year’s delegates training seminar was graced by Kilifi Governor Gideon Mung’aro, and Taita Taveta Governor Andrew Mwadime, among other dignitaries.
“We are on mission is to enhance the livelihoods of our members because we believe together, we grow. For the past five decades, we have achieved remarkable success, and we are poised for even greater accomplishments in the next five years. Our emphasis on holistic development ensures our members thrive and find fulfillment.”
~ Mr John Ziro, Chairman.
Building Wealth
Quality financial services distinguish Imarika DT Sacco from the rest. It provides members with various savings and investment options tailored to their individual needs, from short-term to long-term growth. In a nutshell, Sacco’s diverse portfolio includes options that stimulate growth and provide solid returns, allowing members to watch their wealth accumulate over time.
At the Sacco, the idea of becoming a millionaire is within reach for everyone. With determination, individuals can change their financial narrative. There are numerous examples of young men and women at the Sacco who have started their own businesses or successfully invested in various ventures. The Sacco’s transformation is evident in the lives of its members. Through disciplined saving, smart investments, and support in financial literacy, members are on a solid path to achieving their financial goals. The Sacco understands that wealth creation is not only about money; it also involves cultivating a mindset focused on growth and success.
“Our success is not measured by the profits we make at the end of the year but by how many people have improved their lives through our financial services and products. We are people-oriented, focusing solely on transforming lives through excellence.”
~Mr. George Yongo, CEO.
