Bandari Sacco has developed a 2023-2027 five-year strategic plan that will see the society’s asset base grow by ksh. 2 billion and its membership rise by 5,000 members each year.
Currently, the tier one society is the largest Sacco in the coastal county of Mombasa with an asset base of Ksh 12 billion and position twelve in the country according to the previous standings.
Mr. Joseph Bee, the society’s CEO, while speaking to Sacco World attributed the SACCO’s growth and strength to its strong and loyal membership who immensely patronize its products and services leading to the steady growth of the sacco.
“We need to conduct aggressive education and awareness to inform the members and the delegates in order to foster growth and move together as a sacco,” the CEO stated.
He appreciated the various Chamas that have been key players in ensuring the sacco’s growth and thanked the society’s partners such as the Kenya Ports Authority (KPA) that has enormously supported the society’s activities hence encouraging its growth.
Speaking during the Delegates Education Day, the CEO stated that appropriate education of members and delegates, enlightened them on matters products, services, administration and fostered growth in the organization.
“This is a very important day to us because we bring together both new and re-elected delegates and train them on important aspects that touch on the cooperative movement, our society and the members since they are our governors representing us on the ground.” He added.
Bandari Sacco has however had its fair share of challenges despite the tremendous growth experienced over the past years especially brought about by the drought witnessed in some parts of the country and the hard economic times which hindered the society’s operations.
Mr. Bee however pointed stability of the sacco, its growth rate and the confidence of the members as his biggest achievements as the CEO of the giant Sacco.
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