Pamoja Twanawiri
Kenya Highlands DT Sacco has emerged as one of the top performers in this year’s Ushirika Day Celebrations, earning prestigious accolades at both the national and county levels. The SACCO has rapidly risen to prominence within Kenya’s cooperative movement, winning multiple awards for its exemplary growth, operational efficiency, and commitment to member empowerment.
At the national level, Kenya Highlands DT Sacco won four awards in the agriculture-based category, including Most Efficient Sacco, Best in Credit Management, Best in Technology Optimization, and Best in Risk Management. Concurrently, the Sacco made an impact at the Kericho County Ushirika Day celebrations by clinching five awards in key performance areas such as Most Improved in Membership, Best in Educational Engagement, Most Efficient in Deposit Mobilization, and Best Loan Book Performance.
Kenya Highlands Sacco has consistently been recognized in the national arena. For years, it has been acknowledged for its exemplary leadership and transparency in the Champion of Governance (COG) Awards. The Sacco’s exceptional governance and risk management policies have led to its Chief Executive Officer, Ms. Alice Kosgei, receiving the COG CEO of the Year Award. The COG awards are organized by the Institute of Certified Secretaries (ICS) to honor innovative institutions that promote good governance practices and research related to governance.
This year’s Ushirika Day accolades follow an exceptional financial performance, as the Sacco posted remarkable growth across its core indicators in FY 2024. The Sacco recorded a 116.8% growth in total assets, joining the Tier 1 category of DT Saccos with over Ksh 5 billion in asset size. This impressive growth is attributed to the Sacco’s aggressive yet prudent investment strategies, increased member deposits, and enhanced financial management.
The Sacco maintains a strong governance structure, enabling it to offer competitive, member-focused financial services that empower its members economically. It serves as a champion of social and economic development, transforming the lives of its members by promoting professionalism, creativity, teamwork, effective leadership, and good governance. In addition, Sacco members enjoy high annual dividends, exceeding 15%.
The Sacco’s investments in digital platforms, such as the robust USSD code *879# mobile banking, alongside the automation of core processes, have established it as a leader in tech-driven financial solutions. These technological advancements have improved service delivery, enhanced turnaround times, and expanded financial access to members both across the country and globally.
“Digital innovation has not only improved our member experience but has also made our operations more transparent and cost-effective,” stated Mr. Richard Mutai, Chairman, the Sacco Board of Directors. “Risk management is a crucial component of our operations. We will continue to allocate resources to ensure appropriate management interventions.”
The Sacco has also adopted robust internal controls, compliance frameworks, and initiatives to sensitize members on credit and investment risks. This approach has strengthened its risk and credit management, minimizing non-performing loans through improved credit appraisal and monitoring systems.
“Risk management is vital to our operations. We will continue to allocate resources to ensure proper interventions,” affirmed Mr. Mutai. The Sacco’s commitment to ethical leadership, accountability, and sound practices has contributed to its institutional excellence.
The Sacco has consistently demonstrated adherence to regulatory frameworks, fully complying with SASRA regulations, which has significantly bolstered its financial performance and stakeholder trust. “We aim to remain innovative, leveraging technology to build a solid foundation and a brighter future for everyone. Pamoja Twanawiri!” said CEO Ms. Kosgei.
The Sacco’s high-performing loan book highlights a balance between accessibility and responsible lending policies, tailored to support agri-businesses, SMEs, individuals, groups, and institutions.
The Sacco aims to grow its asset base to over Ksh 10 billion and reach a membership of 180,000 by 2027 by implementing strategic leadership, fostering member trust, promoting a culture of continuous improvement, and exploring new frontiers such as green financing, youth-targeted financial products, and regional expansion.
- Most Efficiently DT Sacco.
- Best DT SACCO in Credit management.
- Best DT SACCO Technology optimization
- Best DT SACCO in Risk management.
Learn More
https://kenyahighlandssacco.co.ke/
