Finmat Sacco Educates Members On Financial Literacy

By Andanje Wakhungu

Finmat Sacco has cut a niche in the cooperative movement sector as the country celebrates Ushirika Day. Finmat was among the first Sacco to introduce and educate members to be financially independent. “The Sacco prides itself on amassing membership from financial education enthusiasts and entrepreneurs to alleviate poverty across the country and uplift over 100,000 people to become financially stable and independent in the next five years. We have taken this initiative through educating our members on matters of finances so that they can be able to wisely invest and uplift their livelihood”.

Speaking to the press after the celebrations held at (KICC), Finmat Credit Director Beatrice Kisanya assured the members that the Sacco was all focused on ensuring their core business is to empower members through financial literacy training to improve their individual or collective financial welfare. “This involves mobilizing savings, providing affordable credit and creating an investment vehicle that will enable member’s access even bigger projects.

This year we braced for the morning cold to participate in the Ushirika day to learn and benchmark on the successful Sacco and how they have managed to stay afloat despite the many economic challenges. It was worth noting that our Sacco was not left behind as we stood out as one of the most upcoming and promising saccos to watch out for in the coming years. 

The highlight of the day was the president’s quote “A Sacco is as good as its leadership” and hence members have to be keen on the leaders they elect. We are delighted to be part of the movement that will power up the economy as we support the bottom of the social economic pyramid.

We congratulate today’s winners and look forward to next year’s challenge.” She stated Finmat Sacco is registered under the cooperative society’s act of the laws of Kenya as a limited liability society. It started as financial matters welfare by 30 former bankers in 2018, it was then converted into a fully-fledged Sacco the following year, its membership has grown to 1200 currently with its assets escalating to over Ksh. 25 million. 

The Sacco is registered under the Co-operative Societies Act of the Laws of Kenya as a limited liability Society. With its physical location being in Nairobi and Rongo the others are supported from the head office remotely. We are delighted to be part of the movement that will power up the economy as we support the bottom of the social economic pyramid. 

Leave a Reply