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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]

Overview

Unaitas Sacco is a medium-tier financial services provider in Kenya. As of, 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.[3]

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.[4][5]

Branches

As of, the society maintains a network of branches at the following locations:[6]

  • 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) Gikumba branch
  • 22) Meru branch -union square building, along Meru -Makutano road
  • 23) Nakuru Pioneer Branch - Pioneer Building, Mburu Gichia Road, Nakuru
  • 24) Gatundu Branch - Gatundu House, Nairobi

See also

External links

References

  1. Lillian Ochieng'. Unaitas Sacco profits jump by 60 percent Daily Nation, 24 March 2016, retrieved 24 March 2016^
  2. USK. Unaitas Sacco: Who We Are Unaitas Sacco (USK), 24 March 2016, retrieved 24 March 2016^
  3. George Ngigi. Unaitas reduces dividend despite 66 percent rise in profit after tax Business Daily Africa, 24 March 2016, retrieved 24 March 2016^
  4. USK. Unaitas Sacco: Our History Unaitas Sacco (USK), 24 March 2016, retrieved 24 March 2016^
  5. John Gachiri. CMA approves Unaitas Sacco’s share offer Business Daily Africa, 12 August 2012, retrieved 24 March 2016^
  6. USK. Unaitas Sacco Society Limited: Branch List 24 March 2016, retrieved 24 March 2016^