Dhabiti Sacco recently celebrated 35 years of excellent service delivery while raising its bar high in its commitment to offering quality financial services and products. Â
With major achievements in transforming livelihoods, growth and positive impact on communities, Dhabiti Sacco’s future growth is anchored on leveraging technology and providing convenient and accessible financial solutions to members.
Top on the list of priorities is enabling the Sacco members to acquire affordable homes and land through its subsidiary Dhabiti Housing investment Co-operative Society. This is in line with its commitment to empowering members to achieve their development goals and improve their socioeconomic well-being.
The Sacco members are able to acquire affordable homes and land through Dhabiti Housing, which provides an avenue for members to become homeowners through cost-sharing. If you are planning to own a home or buy prime land, Dhabiti Housing will make it a reality for you. It is your solution for all your property needs.
The investment wing aims to plug the gap as the acute demand for housing in Kenya has not been adequately met by the supply side of the market. The demand-supply gap is most noticeable at the lower end of the housing market as lower-income households do not have access to decent housing. This housing subsidiary will facilitate members to acquire property and own homes at affordable rates. The Sacco also offers asset financing at competitive rates in the market.
A well-established financial institution, Dhabiti Sacco also provides financing for agribusiness, water harvesting solutions and renewable energy sources, among others, at competitive rates in the market.
The Society is highly involved in people-centred financial programs and enables people to define and realise their own economic well-being. It empowers members to feel valued and in control of their finances and lives.
The deposit-taking Sacco has established strategic partnerships with various organizations, maximizing members’ benefits from the institution. The Sacco has partnered with Safaricom ensuring that members access M-pesa services across all seven branches. Other partnerships include key players in the financial market such as Co-op, KCB and Equity banks in the provision of service to their customers through Agency Banking, taking services closer to the people. The bank’s customers can also access services such as deposits and withdrawals from their accounts in all Dhabiti Sacco branches, saving them time and transport costs.
Offering people-centred services and products, Dhabiti Sacco has a towering achievement in empowering members in the fields of health, agriculture, production, retail, finance, housing, employment, education and other essential socio-economic areas. It has stood with its members during the hard economic times resulting from the Covid-19 pandemic and rising cost of living.
Driven by the ethical values of social responsibility and concern for the community, Dhabiti Sacco has established itself as a place where members can find shared prosperity amid a crisis.
In Meru, the Sacco has greatly supported the transformation agricultural sector into an innovative, commercially oriented, competitive and modern industry that will contribute to poverty reduction and improved food security in rural and urban areas. Its financial support to business people is reliable and accessible to all.
Dhabiti Sacco has enhanced growth by scaling up its service delivery by incorporating a new technological platform that has seen all its branches interlinked and reports produced in real time. This has immensely enhanced levels of efficiency in all its operations. It has heavily invested in ICT for the safety of members’ funds and is set to establish an online portal that will enable member registration and develop a mobile banking application platform.
Currently, the Society operates Mobile Banking, a convenient platform that allows members to transact from the comfort of their phones by dialling USSD *879# or using the Paybill Number 524200 to deposit, pay loans and buy shares.
Dhabiti Medicare: Promoting quality health care
Dhabiti Sacco has a prosperity model for all members. The Sacco is keen to promote good health for its members through the Dhabiti Medicare programme that aims at ensuring members get quality health care. The Medicare program will provide robust health benefits that cushion members from unforeseen medical expenses. It will enable members to actualize their health priorities by giving them access to quality and affordable health coverage and evidence-based care treatment plans and interventions with identified providers.
Registered in 1987, Dhabiti Sacco is a well-established financial institution that has been offering financial services to its members since 1991. The Sacco started its business with one branch in Maua town in a members-owned building that houses the head office. Currently, the Sacco has five branches strategically located in Meru.
Dhabiti Sacco has over the years played a significant role in making communities better by providing tailored financial solutions and carrying out extensive Corporate Social Responsibility (CSR) programmes.
Its 35th anniversary heralded a new dawn for the Society which has revamped its business model to enhance customer experience.
The Sacco’s strategic management policies and strong governance structures spearheaded by the Board of Directors have contributed to its success in uplifting members’ living standards.
It is licensed and regulated by the Sacco Societies Regulatory Authority (SASRA). It is ranked among the fastest-growing medium-tiered DT Saccos. According to SASRA’s latest data, Dhabiti Sacco has total assets worth over Ksh710 million, Ksh350 million in total deposits and Ksh460 million in gross loans as of December 2021.
