KCS SACCO 7TH AGM A Milestone in Financial Growth and Member Empowerment

Strengthening Financial Growth & Expanding Opportunities

KCS SACCO, one of Kenya’s fastest-growing savings and credit cooperatives, recently held a highly successful Annual General Meeting (AGM) under the leadership of Chief Executive Officer Gitonga Kigo. The meeting brought together SACCO members, stakeholders, and financial experts to discuss key achievements, new initiatives, and strategic developments aimed at enhancing financial services and community support.

Reflecting on the past year, CEO Gitonga Kigo expressed confidence in the SACCO’s financial position, highlighting its impressive growth and stability. Members had every reason to celebrate as KCS SACCO declared dividends of 15% on shares and an 8% interest rate on savings, reinforcing its commitment to rewarding its members for their trust and loyalty.

“We are happy because everything went as planned, and all members were pleased with the report we presented,” Kigo stated. The financial success of the SACCO is a testament to prudent management, member commitment, and strategic investments that continue to yield positive results.

Introduction of New Financial Products & Services

In a move to provide more financial solutions, KCS SACCO introduced the KCS Wallet Account, a flexible digital savings tool allowing members to store funds securely until needed. This addition is part of the SACCO’s ongoing efforts to enhance financial accessibility and convenience.

A major highlight of the meeting was the unveiling of KCS SACCO’s new brand identity. Formerly known as Karura Community SACCO, the rebranding signifies a transformation into a more inclusive, globally connected financial institution. “We have grown beyond Karura to have members across Kenya and internationally,” Kigo noted, emphasizing that the new name maintains the SACCO’s core values while reflecting its broader reach.

Commitment to Education & Employment Opportunities

Beyond financial services, KCS SACCO reaffirmed its commitment to education empowerment by launching a scholarship program for students in need. While the SACCO has long supported education through affordable school fee loans, this initiative expands its role by directly funding students’ education. “We believe in empowering young people through education,” Kigo emphasized, encouraging members and corporate partners to contribute to the fund.

KCS SACCO is also making strides in job creation by facilitating international employment opportunities for its members. Through a verified partnership program, the SACCO has already enabled skilled labor placements in the UK, Canada, and the Middle East and is preparing to send 80 teachers to the U.S. by August. “Our goal is to provide more than just savings and credit. We want to offer business advisory, investment opportunities, and job placements,” Kigo stated.

Digital Transformation & Gen Z Engagement

Recognizing the influence of Gen Z in financial trends, KCS SACCO has integrated USSD and web-based services for seamless mobile transactions. In addition, the SACCO has expanded its presence on TikTok, Facebook, and other social media platforms to enhance engagement with younger members. “We understand that Gen Z prefers online services and social media engagement, so we are ensuring they can access our products with ease,” Kigo remarked.

A Future of Continuous Innovation & Growth

Ranked among Kenya’s fastest-growing SACCOs for three consecutive years, KCS SACCO continues to expand its services with a focus on credit, savings, investment advisory, and project management. With a dedicated team working to address the evolving needs of its members, the SACCO remains committed to providing reliable, innovative, and impactful financial solutions.

“We are constantly innovating to add value for our members. Our board and staff work tirelessly to ensure we address their needs and create relevant financial products,” Kigo concluded.

The AGM served as a reaffirmation of KCS SACCO’s unwavering commitment to financial empowerment, digital transformation, education, and employment creation. As it continues to grow, the SACCO remains focused on enhancing the lives of its members, fostering community development, and driving Kenya’s economic progress.