About Hurima Savings & Credit Co-operative Society Ltd
Hurima Sacco Society Ltd was registered on27th November, in the year 2017 under the Co-operative Societies Act Cap490 Laws of Kenya as limited liability society in order to mobilize savings and provide affordable credit facilities. The sacco draws its membership from Current and ex- employees of Majid Al Futtaim Hypermarkets Limited – Kenya.
Our Sacco is dedicated to providing comprehensive credit and advances services to our members. With a focus on maintaining a sound and balanced portfolio, we prioritize thorough loan appraisal and proper monitoring to ensure the best outcomes for our members. Our key objectives include granting loans on a solid and recoverable basis, minimizing portfolio risk, serving our members' real credit needs, and conducting lending processes within legal and ethical frameworks. We are committed to sustainable development and aim to provide timely, adequate, and competitive responses to loan applications while maintaining sound lending principles.
Mission
To provide comprehensive financial solutions and promote a savings culture, fostering financial empowerment and prosperity among our members.
Vision
To organize and promote the welfare and economic interests of members.
Main Objectives
- To promote thrift among our members by affording them an opportunity for accumulating their savings and deposits and create thereby 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.
- To ensure personal growth through the introduction of new products and services that will promote the economic base of the members.
- To ensure progress of members and society through continuous education programs on proper use of credit, reduction of poverty, human dignity and co-operation.
- To apply the co-operative principle of economic participation among members in order to promote members’ interests. This will ensure that member’s interest are taken into consideration by improving the member’s economic status. Ie saving regular borrowing wisely and repaying promptly.
The Executive
Eliud Kosgei
Chairperson
Nancy Nanzala
Vice Chairperson
Viola Jepchumba
Secretary
Collins Omondi Okoye
Treasurer
Bush Titus
Credit Committee Chairperson
Emmanuel Ogodo
Supervisor Chairperson
Our Bottomline
Our Sacco is dedicated to providing transparent, ethical, and member-centric credit services. With a focus on sound lending principles, risk management, and sustainable development, we aim to meet our members' real credit needs while ensuring the financial stability and growth of our institution.