In a powerful display of transparency and institutional resilience, Alarms Sacco Limited held its 31st Annual General Meeting (AGM), outlining a bold roadmap to navigate current economic headwinds while reaffirming its unwavering commitment to member empowerment.
Despite a challenging financial landscape that has tested the entire cooperative sector, the Sacco’s leadership presented a “member-first” strategy, prioritizing long-term stability and the protection of member interests over short-term ease.
While the global and local economies face tightening credit conditions, Alarms Sacco has remained steadfast in its obligation to its members. In the 2025 financial year, the Sacco successfully facilitated the withdrawal of KSh 14.25 million in deposit funds for those transitioning or facing personal needs.
CEO Ben Bynito emphasized that while these large-scale payouts have naturally impacted cash flow, the Sacco’s ability to honor every single resignation request, including a peak of KSh 5.48 million in the final quarter, is a testament to the institution’s integrity.
“We are a partner in our members’ journeys,” Bynito stated. “Our priority has been to ensure that even as we navigate liquidity hurdles, we remain a reliable safety net. Every shilling paid out represents a member we have supported through a life transition, and that remains our core mission.”
To maintain its momentum in loan disbursements, the Sacco is executing a series of sophisticated financial manoeuvres designed to unlock “frozen” capital. In a proactive move last November, the Sacco liquidated 1.3 million shares in Cooperative Bank, injecting KSh 11.06 million directly into the member loan fund.
Chairman of the Supervisory Board, Milton Mukhutsi, revealed even more ambitious plans to bolster the Sacco’s financial chest. By proposing the sale of the Sacco’s property in Mariakani, where the mortgage has been successfully serviced in full, the board is moving to convert fixed assets into liquid capital that can be immediately lent back to members.
“We are not just sitting back; we are actively managing our balance sheet,” Mukhutsi told delegates. “By offloading non-core assets, we are putting money where it belongs: in the pockets of our members as development, emergency, and instant loans.”
A Call to Collective Growth.
The AGM also served as a rallying cry for the “Alarms Family.” Recognizing that the Sacco’s strength lies in its numbers, the board introduced an “Each One, Reach One” recruitment drive. This initiative encourages every member to act as a brand ambassador, inviting new savers into a fold that has protected Kenyan workers for over three decades.
“The current trend of exits is merely a season,” the Chairman noted optimistically. “We are countering it with aggressive marketing and a renewed focus on service delivery. We are improving our digital footprint and staff responsiveness to ensure that Alarms Sacco remains the premier financial partner in the region.”
Empowering Members Through Financial Literacy.
In a move to protect members from the “debt trap” of high-interest mobile lenders, the Sacco is launching a comprehensive financial education program. By teaching members effective budgeting and the benefits of the “one-third” pay rule, Alarms Sacco is positioning itself not just as a lender, but as a financial mentor.
“We want our members to be wealthy, not just liquid,” CEO Bynito added. “By helping them manage their payslips better, we ensure they have the capacity to take larger, more transformative loans from the Sacco at much fairer rates than any commercial bank could offer.”
Looking Ahead: 31 Years and Stronger.
As Alarms Sacco Limited marks its 31st year, the message from the AGM was clear: the institution is battle-hardened and ready for the future. By facing its challenges with radical honesty and strategic action, the Sacco is proving that its most valuable asset isn’t just its KSh 11 million share portfolio or its Mariakani property, it is the enduring trust of its members.
“We are turning every challenge into a stepping stone,” concluded Mukhutsi. “Alarms Sacco is here to stay, and we are moving forward with a leaner, more agile, and more member-focused operation than ever before.”
