Unaitas Sacco Society Limited

Unaitas Sacco Society Limited, whose full name is Unaitas Savings & Credit Cooperative Society Limited, also Unaitas Sacco, is a savings and credit co-operative society (Sacco) in Kenya. Membership includes individuals, investment groups and small businesses.[2] The Sacco has plans to transform into a commercial bank.[1][3][4]

Unaitas Sacco Society Limited
Private
IndustryFinancial Services
Founded1993
HeadquartersNairobi, Kenya
Key people
 Joseph Ngaai Kabugu
Chairman
Martin Muhoho
Chief Executive Officer
ProductsLoans, Savings, ATM Debit Cards, Mobile Banking Service
Revenue:Aftertax:KSh428 million ($US4.29 million) (2015)[1]
Total assetsKSh9.3 billion (US$93.2 million) (2015)[1]
Websiteunaitas.com

Overview

Unaitas Sacco is a medium-tier financial services provider in Kenya. As of December 2015, the society's asset base was valued at KSh9.3 billion (US$93.2 million), and a loan book of approximately KSh7.42 billion (approx. US$74.35 million).[1] At that time, shareholders' equity was valued at more than KSh3.6 billion (approx. US$36.07 million) and membership was more than 230,000.[5]

History

The society was established in 1993 as Murang'a Tea Growers' Society, by a group of farmers, who pooled resources to create a financial institution where they could save and borrow at affordable rates. In 2007, the Sacco expanded beyond Murang'a and it admitted members who are not tea growers and small businesses. The name was changed to Muramati Sacco and eventually to Unaitas Sacco in 2012.[6][7]

Future plans

Unaitas Sacco has plans to transform into a fully fledged commercial bank later in 2016, pending approval from the relevant Kenyan regulatory authorities.[1][3]

Branches

As of December 2016, the society maintains a network of branches at the following locations:[8]

  1. Cardinal Otunga Branch - Cardinal Otunga Plaza, Kaunda Street, Nairobi
  2. Naivasha Branch - Penibrah House, Moi Avenue, Naivasha
  3. Kawangware Branch - Muhu Holdings House, Naivasha Road, Kawangare, Nairobi
  4. Juja Branch - Opposite JKUAT University Main Gate, Juja.
  5. Thika Branch - Kwame Nkrumah Road, Thika
  6. Mlolongo Branch - Old Mombasa Road, Nairobi
  7. Kasarani Branch - Kasarani Mwiki Road, Kasarani, Nairobi
  8. Ongata Rongai Branch - Rongai Business Hub, Ongata Rongai, Nairobi
  9. Temple Road Branch - Gatkim Plaza, Temple Road, Nairobi
  10. Muranga Branch - Unaitas Building, Murang'a
  11. Kangare Branch - Unaitas Building, Kangare
  12. Kanyenya-ini Branch - Unaitas Building, Kanyenya-ini
  13. Gatura Branch - Unaitas Building, Gatura
  14. Kahatia Branch - Unaitas Building, Kahatia
  15. Kiria-ini Branch - Kiria-ini - Murang'a Road, Kiria-ini
  16. Kisumu Branch - Kisumu - Kakamega Road, opposite Kibuye Market
  17. Kisii Branch - Opposite Tuskys Echiro
  18. Mununga Branch - Mununga
  19. Kangema Branch - Kangema
  20. Githumu Branch - Unaitas Building, Murang'a
  21. Nakuru Pioneer Branch - Pioneer Building, Mburu Gichia Road, Nakuru
  22. Gatundu Branch - Gatundu House, Nairobi

See also

References
  1. Ochieng', Lillian (24 March 2016). "Unaitas Sacco profits jump by 60 percent". Daily Nation. Nairobi. Retrieved 24 March 2016.
  2. USK (24 March 2016). "Unaitas Sacco: Who We Are". Nairobi: Unaitas Sacco (USK). Retrieved 24 March 2016.
  3. Standard Reporter. "Unaitas Sacco plans more branches, rolls reality TV show programme". The Standard (Kenya). Nairobi. Retrieved 24 March 2016.
  4. Gachiri, John (8 February 2016). "Unaitas becomes the first Sacco to partner with MoneyGram". Business Daily Africa. Nairobi. Retrieved 24 March 2016.
  5. Ngigi, George (24 March 2016). "Unaitas reduces dividend despite 66 percent rise in profit after tax". Business Daily Africa. Nairobi. Retrieved 24 March 2016.
  6. USK (24 March 2016). "Unaitas Sacco: Our History". Nairobi: Unaitas Sacco (USK). Retrieved 24 March 2016.
  7. Gachiri, John (12 August 2012). "CMA approves Unaitas Sacco's share offer". Business Daily Africa. Nairobi. Retrieved 24 March 2016.
  8. USK (24 March 2016). "Unaitas Sacco Society Limited: Branch List". Nairobi. Retrieved 24 March 2016.
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