• The Sacco businesses commenced in 1975 under the Chairmanship of Ms. Teresa Muigai. Subsequent Chairpersons are: Mr. John Nyaga, Mr. Alexander Alusa, Ms. Mary Githiomi, Ms. Mary Odhiambo, Mr. Kimani Macharia, Mr. Dennis Kerina and Eng. Samuel Olago. • The business office was in
UNON block G with a workforce of four staff and a membership of 131 and a
share capital (members' deposits) of KES 290,354 • The objective was and has been to provide a forum for members to consolidate part of their disposable income and benefits by saving and borrowing from the society at minimal cost to meet their
socio-economic needs. • The society has grown from 131 members in 1975 to the 6,916 members be end of 2023 • The society's asset base as of Dec 2023 stood at KES 17.968 billion with member deposits at KES 13.7 billion, with a loan book of KES 11.09 billion • The UN SACCO has 2 offices. One, UN SACCO Block is located in
UNON was built in 2004 and opened on 7 December 2004. The second office
UN SACCO CENTRE was acquired in late 2022 after a Special General Meeting and moved in on 22 May 2023. • The website www.unsacco.org was launched in 2004 • The FOSA started operations in 2006 • The average weighted moving average dividend on share capital is 13% p.a. and interest on Deposits (Savings) is 10% p.a. • In the Cooperative movement in Kenya, the UN Sacco is the 9th largest Sacco in terms of asset base; it was among the pioneer 7 Sacco's which were the first to be registered by
Sacco Societies Regulatory Authority (SASRA) after fulfilling all the required conditions; SASRA is to the Cooperative movement what the
central bank is to the
banking industry. • There are 18 loan products offered by the SACCO. • To enable its member access their funds easily the Sacco has partnered with
Cooperative Bank of Kenya to offer Debit VISA ATM cards (SACCO-LINK), which enables members to access funds from any VISA accepted ATM globally. • The UN Sacco also launched an online banking platform and a mobile App in January 2023. This enables members to monitor their accounts from anywhere anytime. Members can also transfer funds from their accounts using the App to their mobile money wallets
MPesa. ==References==