- In their calculations, Taraji Sacco claimed that the eight members who had withdrawn are owed Ksh.1, 766,820 only and not Ksh. 2,065,050, the Sacco also requested to be allowed to offset the payment in instalments claiming that it was too broke to pay the said amount at once
The Once vibrant Taraji Sacco (formerly Siaya teachersSacco) under the chairmanship of Charles Ngutu and CEO Joel Omondi is struggling to refund shares to members who have withdrawn. Investigations now reveal that Sacco is in danger of sinking with members’ funds due to poor management.
Taraji Sacco is unable to disburse loans promptly and even making refunds of shares to members who have opted to withdraw to join other Sacco’s is proving difficult. A confidential source within the Sacco revealed to The Weekly Vision how members who withdrew in 2018 have to date not received back their shares. Eight members who withdrew from Taraji Sacco in 2016 have been struggling to have their shares refunded. Investigations reveal that the members wrote withdrawal letters on 14th October 2021 and the Sacco continued to make deductions until August 2017 when they stopped.
The former members are Pamela Aduol Wanjala whois demanding Ksh. 305,550; Mercella Odera is demanding Ksh. 291,050, Cellyne Otieno Ksh. 136,500, Joan Adhiambo Ngayo Ksh. 282,000, Ursulla Catherine AtienoKsh. 247,250, Pamela Akinyi Ajuoga Ksh. 303,600, Mary Atieno Ogeya Ksh. 211,000and Margaret Millicent Were Ksh. 288,100. In total, the eight are demanding a total of Ksh. 2,065,050 from the Sacco.
The Sacco in their calculations claims that the eight are owed Ksh.1, 766,820 only and not Ksh. 2,065,050, the Sacco also requested to be allowed to offset the payment in installments claiming that it was too broke to pay the said amount in one installment.
To date, the same has not been affected as the 8 have not received their full refund. Sources say there are many cases of members who are unable to get back their shares and their attempts have always hit a brick wall. Already Sacco members have been withdrawing to join other well-managed Saccos such as Jumuisha Sacco, formerly Bondo teacher Sacco.