Utabibu Sacco Profile
Utabibu Savings and Credit Cooperative Society was incorporated under the Cooperative Societies
Act Cap 490 in October 1974. It started with about 50 members for the express purpose of providing
members with cheap loans against their savings. In 2001, the SACCO opened its doors to other
Aga Khan affiliated institutions. Its membership therefore is drawn from the Aga Khan University
Hospital- Nairobi as well as Aga Khan Schools which include Aga Khan Academy - Nairobi, Aga
Khan Junior Academy- Nairobi, Aga Khan Nursery-Nairobi, Aga Khan Primary- Nairobi, Aga
Khan Education Services, Path Care and Aga KhanFoundation.
The SACCO’s offices are located at Doctors Park, Fourth Floor, 3rd Parklands Avenue. The email address is email@example.com. Tel: +254 711 651 574 or Airtel line: +254 786 505 050
To improve the socio-economic welfare of members through mobilization, prudent management of resources and provision of market driven financial services while embracing modern technology.
To be the SACCO of choice in providing excellent financial services.
The SACCO shall be based on the values of self-help, mutual responsibility, equality and equity. In all the SACCO’s activities, openness, honesty and social responsibility shall be practiced. The following specific core values will guide the operations of the SACCO at all times:
- Democratic governance
- Transparency and accountability
- Corporate Social responsibility
- Customer focus
The Board of Directors is made up of the following sub committees:-
- Executive Committee – 4 members
- Credit Committee – 3 members
- Education Committee – 2 members
- A Supervisory Committee plays the role of oversight and consists of 3 members also elected by society members at the Annual General Meeting.
A supervisory committee consisting of 3 members elected by society members at the Annual General Meeting supervises the central management committee. In addition, the Ministry of Cooperative Development supervises SACCOs.
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Our member organisations
The Utabibu Cooperative and savings Society exists to pool together members’ savings and extend credit to them in accordance with the cooperative principles.