Kencream Sacco Ltd - Nairobi, Kenya

Kencream Sacco was formed in March 2002 by a group of Staff from New KCC. The society was formed mainly to promote thrift among its members by affording them an opportunity for accumulating their savings; and to thereby create a source of funds from which loans can be made to them exclusively for provident and productive purposes, at fair and reasonable rates of interest; thereby enabling them to use and control their money for their mutual benefit in order to achieve a solid base for growth, Kencream Sacco has opened membership to other organizations, organized groups and individuals. The society has enjoyed tremendous success. Currently it has over 1,500 individual members with capital base of over 200 million and an annual turnover of over 30 million. The growth is expected to steadily rise with the opening of FOSA and aggressive marketing currently in place.