PAMOJA TUNJENGANE

Trans-Elite County Sacco’s commitment to providing reliable, accessible, and affordable funding is not just changing individual lives—it is fueling a historic era of growth for the Sacco.

The Sacco has transitioned from a local financial provider into a regional powerhouse. Its growth is not measured merely in billions; it is measured by the transformation of members’ lives and community empowerment. Members are expanding businesses, improving farming practices, and uplifting their living standards. This is the story of a Sacco that is growing upward by staying connected to its members’ financial needs and remaining rooted in the community.

Trans-Elite County Sacco is charting a bold new course in Kenya’s financial sector. The Sacco is on a strong upward trajectory, with total assets climbing to Ksh 2.645 billion in 2025, up from Ksh 1.88 billion in 2024. This was driven by a commitment to providing reliable, accessible, and affordable funding to small traders, farmers, and the youth. The Sacco’s financial statements for the 2025 financial year paint a picture of an institution in robust health with strategic momentum.

Its total loan portfolio grew to Ksh 1.4 billion, compared to Ksh 1.04 billion the previous year—a 34.5% increase—reflecting the Sacco’s deepening commitment to helping members meet their socio-economic goals. Total revenue for the year stood at Ksh 397.4 million, representing 40% growth, while the total surplus surged to Ksh 168.87 million, up from Ksh 103.98 million in 2024. Members earned interest on deposits at a rate of 10% (up from 9% the previous year), translating to Ksh 76.7 million paid out in annual returns. Dividends on share capital were disbursed at a rate of 12%.

Member savings stood at Ksh 896.27 million, reflecting a growth of 9.8%, while share capital increased by 41.9% to Ksh 36.67 million. Membership grew by an impressive 70%, rising to 11,533 members in 2025 from 6,766 in 2024—a clear demonstration of the trust and confidence members have placed in the institution.

Financing Traders, Farmers, and Youth

In a major boost, the Sacco received a Ksh 250 million financing facility from the Kenya Development Corporation (KDC), presented by President William Ruto during his visit to Nandi County in March this year. The facility is part of the broader Ksh 13 billion Supporting Access to Finance and Enterprise Recovery (SAFER) Programme, backed by the World Bank, which aims to strengthen financial institutions and expand affordable credit to micro, small, and medium enterprises (MSMEs) across Kenya.

The funds are being channeled through two of the Sacco’s flagship digital lending products—the Vuka Digital Loan and Kilimo Biashara—targeting farmers, traders, and entrepreneurs. The facility supports key value chains including dairy, tea, coffee, and retail trade, with a target of reaching over 10,000 MSMEs through digital platforms. So far, the SAFER facility has benefited 2,774 MSMEs, notably, 43.4% of the beneficiaries were women and youth entrepreneurs.

Speaking during the cheque presentation, President Ruto highlighted the critical role of Saccos in Kenya’s economic agenda. “Saccos remain a powerful vehicle for advancing financial inclusion and supporting the growth of small businesses that form the backbone of our economy. This support is enabling entrepreneurs, farmers, and traders to rebuild their enterprises, create jobs, and contribute meaningfully to our Bottom-Up Economic Transformation Agenda,” he said.

KDC Director General Ms. Norah Ratemo echoed this sentiment: “This financing to Trans-Elite Sacco reflects KDC’s commitment to strengthening the liquidity of financial intermediaries that serve MSMEs. By channeling resources through Sacco networks, we are enabling thousands of entrepreneurs and farmers to access the capital they need to grow their businesses, expand productivity, and contribute to Kenya’s broader socio-economic transformation.”

Innovation and Digital Transformation

The Sacco has continued to invest in digital innovation, expanding its suite of short-term loan products to improve member experience and accessibility. Through Kilimo Biashara, members can now access up to Ksh 100,000 instantly via digital platforms.

“We want our members to access cash instantly. Digitization and innovation remain key strategic priorities for the Sacco. We will continue streamlining internal processes to improve operational efficiency and enhance customer service,” said Sacco Chairman Mr. Alfred Ngetuny, while addressing members at the Sacco’s 40th Annual Delegates Meeting (ADM).

He encouraged members to take advantage of the Sacco’s growing alternative banking channels, including the M-Trans Elite mobile app, the USSD code *720#, and ATM banking. More than 80% of members already use these channels to manage their finances.

Among the Sacco’s diverse product offerings are salary advance products, long-term development and emergency loans, short-term business and farming loans (such as Bizna, Chap Chap Advance, and Ukulima), and mobile loan products including E-Loan and Dividends Advance. The Sacco also operates Elite Junior accounts to empower the next generation to save early and plan for the future.

“We are strengthening our risk management frameworks and data protection. We aren’t just chasing profits—we are chasing stability,” Mr. Ngetuny noted.

According to the Sacco CEO, Mr. Vincent Too, the institution has embraced digital transformation through mobile app and USSD banking platforms, allowing members to access financial services conveniently and enhancing financial inclusion in rural communities.

Community Engagement

Beyond its financial performance, Trans-Elite County Sacco is demonstrating that its responsibilities extend into the communities it serves. As part of its Corporate Social Responsibility (CSR) initiatives, the Sacco has launched a tree-planting programme in partnership with local learning institutions. Over 1,000 trees have already been planted.

The Sacco has also been actively involved in community clean-up exercises, collaborating with the county government on town cleaning activities. These efforts position Trans-Elite not just as a financial partner, but as a civic institution invested in the well-being and sustainability of its communities.

Founded in 1977, Trans-Elite County Sacco has grown into a formidable financial institution, serving over 11,500 members spread across the country and the diaspora. Operating on an open common bond, the Sacco welcomes members from all sectors of the economy. Its Supervisory Committee has noted that the Board of Directors continues to maintain a robust governance structure, ensuring the institution’s long-term stability and accountability.

With strong financials, expanding outreach to small traders, farmers, and young people, and a clear commitment to community and environmental responsibility, Trans-Elite County Sacco is well-positioned to write an even more compelling chapter in 2026 and the years ahead.

BANK BETTER WITH:

• M-Trans EliteMobile App
• Or dial USSD code *720#

 Fast, Secure and Convenient.

Anytime, Anywhere

Visit www.new.tecsacco.co.ke to learn more!