Jamii SACCO Society was established in April, 1972 with the main objective of promoting thrift among its members by affording them an opportunity for accumulating their savings and thereby create a source of funds from which loans can be made to them exclusively for provident and productive purposes. The SACCO draws its membership from approximately 127 organisations which include both public and private sector.
The SACCO affairs are governed by the Co-operatives Societies Act, SACCO Act, its by-laws and policies and procedures. The Board of Directors are responsible for policy decisions while the Supervisory Committee (SC) ensures provisions of the governing Acts, Society by-laws, policies and procedures are adhered to.
What is new?
Jamii Sacco Society is happy to inform you that we are now implementing Asset Financing. This is aimed at enabling SACCO members to own property for income generating activities.
Jamii Sacco has finally given birth to Jamii Housing Co-operative Society. The purpose of establishing the Society is to: Provide its members with shelter and livelihood within the area of its operation at fair and reasonable price together with auxiliary services as road network, drainage, water and power including facilities for physical and cultural recreation.
Members are encouraged to open and build their deposits in anticipation to purchase plots/ properties once they are available for sale.
STRATEGIC MANAGEMENT PLAN 2016 – 2020:
Jamii Sacco is in the process of reviewing the current SMP and developing another one to guide the Sacco for the next five (5) years.
DEPARTMENTS MOBILE CONTACTS:
We wish to remind you of the departmental mobile numbers as provided in the following table to enable us serve you better and promptly.
|Risk and Compliance Department||0722-254747|
The SACCO is still faced with several challenges that include the following among others:
The three (3) months advance is a seasonal product granted to members and is recoverable from the interest rebate/dividend when declared and payed.
A member is required to complete a Next of Kin Form giving details of the names, contacts and relationship of the beneficiaries for both Burial Expense and final dues. Where percentages are required, then it must be provided.
8.1 Claims Procedure for JBF
In the event of death, the following documents are required:
NB: Members are advised to regularly update their Next of Kin.