Sheria Sacco has taken drastic measures to soar up its growth.
The Sacco is giving moratoriums on repayment of loans on major products to protect members from harsh social and economic realities brought about by the Covid-19 pandemic.
In instances where member income has dropped, the Sacco is rescheduling loan repayment plan.
“We are also engaging with members and sensitizing them on the need to be more prudent in expenditure to afford savings, for tomorrow always holds uncertainties and needs to be prepared for.”
Prudent management has seen the Sacco continue to record achievements both in service delivery and growth.
“We now have a new mobile platform where members can apply for loans, make payments from M-Pesa to their different accounts in the Sacco, check balances, pay for utility bills from their FOSA accounts, stop ATM transaction in case of card loss, among others,” said the Sacco CEO Peter Kariuki.
The Sacco Board of Directors led by Justice Patrick Kiage, the Chairman, has implemented digital programmes to improve service delivery.
The Sacco also offers a wide array of products to Youth and Children like Child Account which is a very flexible Bosa is saving Product that accommodates anyone from the age of 18 years with an income, allowing members to contribute from a minimum of Sh300 with interest on FOSA deposits being credited at the end of every month at prevailing market rates on the saving account.
Sheria Sacco, a leading tier 1 Deposit-Taking Sacco in the country, was placed position 26 in the 2019 SASRA ranking.
