BRIEF HISTORY
Jumuisha Sacco Society Ltd formerly Bondo teachers Sacco Society was registered on 29th November 1999 under the Co-operative Societies act of the Laws of Kenya, with 13 pioneer members who took the bold step. The Society is based in Bondo town. The objectives of the society were to enable members save and borrow wisely depending on the member’s needs and ability to repay.
The society’s membership is largely drawn from the employees of the teacher’s service commission and the society’s employees besides those members who have changed from the common bond and employees of organizations operating or networking with the society such as secondary schools within Siaya County.
The main objective of the society is to facilitate savings and at the same time give loans to the members.
Vision Statement
To be the Sacco of choice”
Mission Statement
“To empower customers through quality products and services for self-sustainability and socio economic development”
Motor/ Slogan
We are here for you
Core Values
Organization Structure
The society’s supreme authority is the Annual General Meeting and Special General Meeting, which elects the Board of Directors and the Supervisory committee from within the general membership. The Board of Directors is composed of nine members who governs the society on behalf of the general membership and hires the society employees; on the other hand, the Supervisory committee is composed of three members who act as the watch dog for the members. The Board of Directors delegates its functions to various committees which include Administration and Finance, Credit, Education, Audit and Tender/Investment.
The CEO and the other staff are responsible for day to day running of the society on behalf of the Board of Directors.
