Imarisha Cooperative Savings and Credit Society Limited
Imarisha Cooperative Savings and Credit Society Limited, also known as Imarisha Sacco Limited, but often referred to as Imarisha Sacco, is a savings and credit co-operative society (Sacco) in Kenya, the largest economy in the East African Community.
| Type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1978 |
| Headquarters | Kericho, Kenya |
Key people | Mathew Ruto (chairman), Mathew Rotich (chief executive officer) |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Total assets | US$142 million (KES:20 billion) (2023) |
| Website | www |
Imarisha Sacco is a small financial services provider in Kenya. As of December 2013, it was the ninth-largest Cooperative Savings and Credit Society in Kenya, with total assets of approximately US$142 million (KSh20 billion). At that time, its membership numbered in excess of 190,000, with shareholders' equity of about US$37 million (KSh3.2 billion).[1]
History
The society was established in 1978, under the name: Kipsigis Teachers Sacco, with the support of two teachers' unions, namely the Kenya National Union of Teachers (KNUT)[2] and the Kenya Union of Post Primary Education Teachers (KUPPET). With an initial membership of 100 teachers, the objective was to meet the financial needs of teachers, using funds mobilized from the members. In 2014, the society rebranded to its current name and began to accept members outside the teaching profession.[3]
Ownership
The shares of stock of Imarisha Sacco Limited are privately owned and publicly undisclosed.
Branches
As of January 2023, the society maintains a network of branches at the following locations:
- Kericho Head Office - Imarisha Teachers Sacco Building, Nakuru-Kericho Highway, Kericho
- Bomet Branch - Imarisha Teachers Sacco Building, Bomet
- Bureti Branch - Imarisha Sacco Building, Sotik-Kericho Highway, Bureti
- Mulot Branch-Bomet-Narok Highway,Mulot
- Keringet Branch-Keringet Mall
- Awasi Branch-At Awasi-Chemelil Junction
- Ndanai Branch-Ndanai Enterprises Limited Building
- Nandi Hills Branch-Kolongei Building
- Narok Branch-Oltalet Mall
- ELdoret Branch-Zion Mall Building
- Nairobi Branch-Embankment Plaza
- Nakuru Branch-Salman Centre
- Kilgoris Branch-Along Olalui Road
- Kisumu Marketing Outlet-Swan Centre
References
- Kimei, Timothy (31 August 2014). "Sacco Buys Office Block for KSh210 Million In Kericho". Business Daily Africa (Nairobi). Retrieved 1 September 2014.
- Kimutai, Gilbert (3 July 2014). "Teachers Threaten To Stage Demo Against Sacco". The Standard - Mobile (Nairobi). Retrieved 1 September 2014.
- Shivairo, Kennedy (31 July 2014). "Imarisha Seeks To Increase Its Board Membership". SaccoReview.ShendPublishers.Co.Ke. Archived from the original on 3 September 2014. Retrieved 1 September 2014.
