chairmans message 2nd education day 2010 - · pdf fileyak youth alive kenya ... paul ngeipaul...
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CHAIRMANS MESSAGECHAIRMANS MESSAGE
2nd EDUCATION DAY 20102nd EDUCATION DAY 2010..
Dear members, on behalf of the Dear members, on behalf of the
staff and board of the society, I staff and board of the society, I
convey you warm regards.convey you warm regards.
Transforming lives through savings and credit
ABOUT USABOUT USABOUT USABOUT USABOUT USABOUT USABOUT USABOUT US
The name Kimisitu is coined from The name Kimisitu is coined from
the Swahili words (Kilimo na the Swahili words (Kilimo na the Swahili words (Kilimo na the Swahili words (Kilimo na
Misitu) to denote agriculture Misitu) to denote agriculture
and forestry ,the core activities and forestry ,the core activities
of ICRAF, the founder of ICRAF, the founder
organizationorganization..
OUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BOND
NGO’S Foreign missions
Kimisitu Sacco was formed in 1985 by a group
of staff from ICRAF.
It was formed mainly to
Other international bodies
Embassies
It was formed mainly to promote thrift among its members by affording them an opportunity for accumulating their savings and there by
create a source of funds for borrowing loans.
MEMBERSHIPMEMBERSHIP
�� Kimisitu Sacco is now a Kimisitu Sacco is now a consortium of consortium of 185 185 member member organizations with organizations with 3,830 3,830 membersmembers. . membersmembers. .
��Membership is open to staff of Membership is open to staff of NGO’s, International NGO’s, International Organisations, Embassies and Organisations, Embassies and Missions.Missions.
MEMBERMEMBER
ORGARNIZATIONSORGARNIZATIONS
IDRC INTERNATIONAL DEVELOPMENT RESERCH CENTRE
ICRAF INTERNATIONAL CENTRE FOR RESEARCH IN AGROFORESTRY
AERC AFRICAN ECONOMIC RESEARCH CONSORTIUM
FF FORD FOUNDATION
ATPS AFRICAN TECHNOLOGY POLICY STUDIES
FTC FEED THE CHILDRENFTC FEED THE CHILDREN
SAHC SOUTH AFRICAN HIGH COMMISSION
KIMISITU KIMISITU SACCO SOCIETY
AWF AFRICAN WILDLIFE FOUNDATION
FAWE FORUM FOR AFRICAN WOMEN EDUCATIONALISTS
IEA INSTITUTE OF ECONOMIC AFFAIRS
RF ROCKEFELLER FOUNDATION
CHMP CENTRALE HUMANITAIRE MEDICO-PHARMACEUTIQUE
IUCN INTERNATIONAL UNION FOR CONSERVATION OF NATURE
ACTS AFRICAN CENTRE FOR TECHNOLOGY STUDIES
MNU MAJI NA UFANISI
LILY LILY OF THE VALLEY
FPIA FAMILY PLANNING INTERNATIONAL ASSOCIATION
IIRR INTERNATIONAL INSTITUTE FOR RURAL RECONSTRUCTION
PACT PACT KENYA
IFRC INTERNATIONAL FEDERATION OF THE REDCROSS
PISP PASTORAL INTEGRATED SUPPORT PROGRAMME
PFP PARTNERS FOR PROGRESS
MALTESER MALTESER GERMANY
ACDI VOCA KENYA MAIZE DEVELOPMENT PROGRAMACDI VOCA KENYA MAIZE DEVELOPMENT PROGRAM
COOPI COOPERAZIONE INTERNATIONAL
SDT SUDAN DEVELOPMENT TRUST
MSF H MEDECINS SANS FRONTIERS - HOLLAND
JBIC JAPAN BANK INTERNATIONAL CO
MSF FRANCE MEDECINS SANS FRONTIERS - FRANCE
MSF SPAIN MEDECINS SANS FRONTIERS - SPAIN
MSF SWISS MEDECINS SANS FRONTIERS - SWISS
ABANTU ABANTU FOR DEVELOPMENT
KAVI KENYA AIDS VACCINE INITIATIVE
FOC FRIENDS OF CONSERVATION
WWF WORLD WIDE FUND FOR NATURE
GOAL K GOAL KENYA
GOAL S GOAL SUDAN
VF VESTERGAARD FRANDSEN (EA) LIMITED
CDTF COMMUNITY DEVELOPMENT TRUST FUND
GTZ GERMAN TECHNICAL COOPERATION
ACEG AFRICAN CENTRE FOR ECONOMIC GROWTH
CGD/ICG CENTRE FOR GOVERNANCE AND DEVELOPMENT
EAS&L EAST AFRICA SUPPLY AND LOGISTICS LIMITED
RPK RESOURCE PROJECTS – KENYA
SP SAMARITAN'S PURSE INTERNATIONAL RELIEF
JICA JAPAN INTERNATIONAL COOPERATION AGENCY
JETRO JAPAN EXTERNAL TRADE ORGANISATION
RATN REGIONAL AIDS TRAINING NETWORK
KACP KENYA AIDS CONTROL PROJECT
WINROCK WINROCK INTERNATIONAL
CBM CHRISTOFFEL BLINDEN MISSION
ETC ETC EAST AFRICA LTD
BTA BIOTECHNOLOGY TRUST AFRICA
ATFE AFRICAN TRUST FOR ELEPHANT
IOM INTERNATIONAL ORGANIZATION FOR MIGRATION
WVI WORLD VISION INTERNATIONAL
EGP ELIZABETH GLASER PAEDRITICIAN
KCDF KENYA COMMUNITY DEVELOPMENT FOUNDATION
KWAHO KENYA WATER FOR HEALTH ORGANIZATION
STC USA SAVE THE CHILDREN - USA
UMAP UNIVERSITY OF MISSOURI ASSISTANCE PROGRAMME
SF SHELTER FORUM
STC SWEDEN SAVE THE CHILDREN - SWEDEN
CA UK CHRISTIAN AID - UK
SKILLSHARE SKILLSHARE INTERNATIONAL
EDC EDUCATION DEVELOPMENT CENTER EDC EDUCATION DEVELOPMENT CENTER
AF ALLIANCE FRANCAISE
MSFSPAIN SOMALIA MEDECINS SANS FRONTIERS – SPAIN SOMALIA
ISS INSTITUTE FOR SECURITY STUDIES
FHI FOOD FOR THE HUNGRY INTERNATIONAL
PNOWB-EA PARLIAMENTARY NETWORK ON WORLD BANK - EA
EMACK EDUCATION FOR MARGINALIZED CHILDREN IN KENYA
NPA NORWEGIAN PEOPLE’S AID
WN WORLD NEIGHBOURS
CLI CHIDLIFE INTERNATIONAL
SNV NETHERLANDS DEVELOPMENT ORGANISATION
PSF PHAMACIENS SANS FRONTIERS
HBF HEINRICH BOLL FOUNDATION
CSA CENTER FOR THE STUDY OF ADOLESENCE
STC-UK SAVE THE CHILDREN-UK
ACL ACACIA CONSULTANT LTD
CHF CHF INTERNATIONAL
WVS WORLD VISION SOMALIA
BP BEARING POINT ECA LTD
AFRALTI AFRICAN ADVANCED LEVEL TELECOMMUNICATIONS INSTITUTE
CWSFI CHURCH WORLD SERVECE FILMAID INTERNATONAL
NDI NATIONAL DEMOCRATIC INSTITUTENDI NATIONAL DEMOCRATIC INSTITUTE
PFI PATHFINDER INTERNATIONAL
MSH MANAGEMENT SCIENCE FOR HEALTH
MC MERCY CORPS
PPS PATNERS IN PREVENTION STUDY
GJLOS GOVERNANCE, JUSTICE LAW $ ORDER SECTOR REFORM PROGRAMME
ICS INTERNATIONAL CHILD SUPPORT
COVAW COALITION ON VIOLENCE AGAINST WOMEN KENYA
FHI FAMILY HEALTH INTERNATIONAL
MSK MARIE STOPES KENYA
CCF CHRISTIAN CHILDRENS FUND
PROGRA PROGRAMS FOR A GREEN REVOLUTION IN AFRICA
VSO VSO JITOLEE
DSW GERMAN FOUNDATION FOR WORLD POPULATION
CEFA EUROPEAN COMMITTEE FOR TRAINING AND AGRICULTURE
TECH TECHNOSERVE KENYA
ESF ENVIROMENTALISTES SANS FRONTIERES
TF TEARFUND
ISR ISLAMIC RELIEF SOMALIA
KHDP KENYA HORTICULTURAL DEVELOPMENT PROGRAM
MSFF SOMALIA MEDECINS SANS FRONTIERS - FRANCE SOMALIA PROGRAMMSFF SOMALIA MEDECINS SANS FRONTIERS - FRANCE SOMALIA PROGRAM
SOS SOS CHILDRENS VILLAGES KENYA
SOLI SOLIDARITES
AMWIK ASSOCIATION OF MEDIA WOMEN IN KENYA
SLC AMERICAN CENTER FOR INTERNATIONAL LABOR SOLIDARITY CENTRE
STT STRATOS GLOBAL/XANTIC SOLUTIONS
SNT SARAH NETWORKS
ICAP CENTERS FOR INTERNATIONAL PROGRAMS(KENYA)
URAIA KENYAS NATIONAL CIVIL EDUCATION PROGRAMME
ACK-D A.C.K DAYLOVE CHILDRENS PROJECT
NARESA NETWORK OF AIDS RESEARCHERS IN E & S. AFRICA
KERA KENYA RAINWATER ASSOCIATION
RETAP RENEWABLE ENERGY TECHNOLOGY ASSISTANCE PROGRAMME
IFAW INTERNATIONAL FUND FOR ANIMAL WELFARE
AHC AUSTRALIAN HIGH COMMISSION
KAPTLD KENYA ASSOCIATION FOR PREVENTION OF TUBERCULOSIS & LUNG DISEASES
AFSC AMERICAN FRIENDS SERVICE COMMITTEE
CAPI CHANGE AGENTS FOR PEACE INTERNATIONAL
AFEW AFEW KENYA LIMITED
VSF G VETERINAIRES SANS FRONTIERES GERMANVSF G VETERINAIRES SANS FRONTIERES GERMAN
ACWICT AFRICAN CENTRE FOR WOMEN AND ICT
ILRI INTERNATIONAL LIVESTOCK RESEARCH INSTITUTE
HR HORN RELIEF
IPAS IPAS AFRICA ALLIANCE
MI MAPENDO INTERNATIONAL
IHI INTRAHEALTH INTERNATIONAL
INTRP INTERPEACE
PATH PROGRAM FOR APPROPRIATE TECHNOLOGY IN HEALTH
AATF AFRICAN AGRICALTURAL TECHNOLOGY FOUNDATION
MPIDOMAINYOTO PASTORALIST INTERGRATED DEVELOPMENT
ORGANIZATION
HP HEWLETT-PACKARD
ARRF AFRICAN RESEARCH AND RESOURCES FORUM
CMD CENTRE FOR MULTIPATY DEMOCRACY KENYA
OER OPEN EDUCATION RESOURCES AFRICA
AGMK AGRICULTURAL MARKET DEVELOPMENT TRUST
PPSK PARTNERS IN PREVENTION STUDY KENYATTA
NAV NATIONAL VOLUNTEER NETWORK
EAAG EASTAFRICA ASSOCIATION OF GRANTS MAKERS
CNHR CONSORTIUM FOR NATIONAL HEALTH RESEARCH
AKF AGA KHAN FOUNDATION
ICLA I CHOOSE LIFE AFRICA
GFSI GREEN FOREST SOCIAL INVESTMENTS TRUST
COPA COALITION FOR PEACE IN AFRICA
DRC DANISH REFUGEE COUNCIL
CGA CEREAL GROWERS ASSOCIATION
AUF AKIBA UHAKI FOUNDATION
SPAI SPA INFOSUV EAST AFRICA LTD
UFA UZIMA FOUNDATION AFRICA
SPAI SPA INFOSUV EAST AFRICA LTD
UFA UZIMA FOUNDATION AFRICA
EATEC E-AITEC LTD
IBAR INTERNATIONAL BUREAU FOR ANIMAL RESOURCES
CIDA CANADIAN COOPERATION OFFICE
BAUM BERTOLLI & ASSOCIATES UNIVERSITY OF MARYLAND
AIK AMNESTY INTERNATIONAL KENYA
SHCF SUSTAINABLE HEALTHCARE FOUNDATION
ICG INTERNATIONAL CRISIS GROUP
INN INTERNEWS NETWORK
KARI UNITED STATES AGENCY FOR INTERNATIONAL DEV.(KARI)
AET AFRICA EDUCATIONAL TRUST
YAK YOUTH ALIVE KENYA
RETEA RENTWORKS EAST AFRICA LTD
FHEA FRED HOLLOWS EAST AFRICA
GRACEA GRASSROOTS ALLIANCE FOR COMMUNITY EDUCATION
CGP COMPUTECH GROUP
DETK DETTAR KENYA
RORBC REGIONAL ORGANIZATION ON RESOURCE BASED CONFLICTS
ATL AIRTRAFFIC LTD
TML TAYLOR MATTHEWS LTD
KISM KENYA INSTITUTE OF SUPPLIES MANAGEMENT
VSFB VETERENARIRES SANS FRONTIER BELGIUM
QTK QUINTILES TRANSNATIONAL KENYA
CFK CAROLINA FOR KIBERA
CLARI CENTER FOR LAW AND RESEARCH INTERNATIONAL
ACRL AFRICAN COUNCIL OF RELIGIOUS LEADERS
LC LIAISON CONSULTING
EAFF EASTERN AFRICA FARMERS FEDERATION
182 CHAI CLINTON HEALTH ACCESS INITIATIVE
183 WSUP WATER AND SANITATION FOR THE URBAN POOR
184 CC CARANA CORPORATION
185 FTRL FIT RESOURCES LTD
186 COWO CONCERN WORLDWIDE
187 PC POPULATION COUNCIL
188 MUS MERCY USA FOR AIDS AND DEVELOPMENT
OUR OBJECTIVEOUR OBJECTIVE
�� The society was formed mainly to promote The society was formed mainly to promote
thrift among its members by affording them thrift among its members by affording them
an opportunity for accumulating their an opportunity for accumulating their an opportunity for accumulating their an opportunity for accumulating their
savings and thereby create a source of savings and thereby create a source of
funds from which loans can be made to funds from which loans can be made to
them exclusively for provident and them exclusively for provident and
productive purposes, at fair and reasonable productive purposes, at fair and reasonable
rates of interest.rates of interest.
VISION AND MISSIONVISION AND MISSION
VisionVisionTo be the leading and dynamic Sacco in East and Central To be the leading and dynamic Sacco in East and Central Africa by providing a one stop shop for a diversity of quality Africa by providing a one stop shop for a diversity of quality products and services to the members through maximum and products and services to the members through maximum and prudent utilization of resources.prudent utilization of resources.prudent utilization of resources.prudent utilization of resources.
MissionMission�� To promote savingsTo promote savings
�� To extend affordable creditTo extend affordable credit
�� CoCo--operating out of poverty (COOP) by assuring safety of operating out of poverty (COOP) by assuring safety of Members’ savings, convenience and good returns thereby Members’ savings, convenience and good returns thereby building an economically empowered community in the cobuilding an economically empowered community in the co--operative spirit.operative spirit.
OUR CORE VALUESOUR CORE VALUES
��Integrity Integrity ��EqualityEquality
��Equity Equity
��RespectRespect
��Honesty Honesty
��DedicationDedication
&
OUR NEW LOCATIONOUR NEW LOCATION
Kimisitu Sacco Society Ltd relocated Kimisitu Sacco Society Ltd relocated
from Utumishi Cofrom Utumishi Co--op House (1st Floor)op House (1st Floor)
Mamlaka Rd off Nyerere Road to our Mamlaka Rd off Nyerere Road to our Mamlaka Rd off Nyerere Road to our Mamlaka Rd off Nyerere Road to our
own building along Woodlands Road own building along Woodlands Road
,off Lenana Road, Kilimani,off Lenana Road, Kilimani ..
OFFICE CONTACTSOFFICE CONTACTS
The office can be reached on the contacts The office can be reached on the contacts below:below:
EE--mail : mail : [email protected]@kimisitusacco.or.ke,,EE--mail : mail : [email protected]@kimisitusacco.or.ke,,[email protected],loans@[email protected],[email protected]
Telephone: 020 2733601/3Telephone: 020 2733601/3
Mobile: 0724Mobile: 0724--310626310626
Fax : 020 2733598 Fax : 020 2733598
COMMITTEE MEMBERSCOMMITTEE MEMBERS
�� Kennedy Auka Kennedy Auka -- Hon. ChairmanHon. Chairman
�� Pamela Mokaya Pamela Mokaya -- Hon. Vice ChairHon. Vice Chair
�� James Wagura James Wagura -- Hon. TreasurerHon. Treasurer
�� Elizabeth Kariuki Elizabeth Kariuki -- Hon. SecretaryHon. Secretary
�� Janerose Mwangi Janerose Mwangi -- Chairperson, Credit CommitteeChairperson, Credit Committee�� Janerose Mwangi Janerose Mwangi -- Chairperson, Credit CommitteeChairperson, Credit Committee
�� Florence Waiyaki Florence Waiyaki -- Secretary, Credit CommitteeSecretary, Credit Committee
�� Steve Nyambuka Steve Nyambuka -- Member, Credit CommitteeMember, Credit Committee
�� Florence Oile Florence Oile -- Secretary ,Education Committee Secretary ,Education Committee
�� Laban Musundi Laban Musundi -- Member, Education Committee Member, Education Committee
�� Collins Bonyo Collins Bonyo -- Chairman, Supervisory CommitteeChairman, Supervisory Committee
�� Paul NgeiPaul Ngei -- Member, Supervisory CommitteeMember, Supervisory Committee
�� Edith Karanja Edith Karanja -- Secretary, Supervisory CommitteeSecretary, Supervisory Committee
STAFFSTAFF
�� Angela Nyanjong’Angela Nyanjong’ -- ManagerManager
�� Catherine Odhiambo Catherine Odhiambo -- Loans OfficerLoans Officer
�� Eve Magu Eve Magu -- Marketing OfficerMarketing Officer
�� Joshua Kamwere Joshua Kamwere -- Assistant Internal Auditor Assistant Internal Auditor �� Joshua Kamwere Joshua Kamwere -- Assistant Internal Auditor Assistant Internal Auditor
�� Charity Muthoni Charity Muthoni -- Assistant AccountantAssistant Accountant
�� Lilian MochamaLilian Mochama -- Administrative AssistantAdministrative Assistant
�� Catherine MbuguaCatherine Mbugua -- Loans AssistantLoans Assistant
�� Nancy MugohNancy Mugoh -- Loans AssistantLoans Assistant
�� Jotham OpiyoJotham Opiyo -- Office AssistantOffice Assistant
STATISTICALSTATISTICAL
INFORMATIONINFORMATION
�� The highest individual savings is The highest individual savings is
Kshs.3,654,000 as at 31Kshs.3,654,000 as at 31stst May 2010May 2010
�� The highest loan which can be given to an The highest loan which can be given to an
individual is Kshs.5,000,000individual is Kshs.5,000,000individual is Kshs.5,000,000individual is Kshs.5,000,000
�� Total loans outstanding as at 31Total loans outstanding as at 31stst May 2010 May 2010
was Kshs.860 millionwas Kshs.860 million
�� Total members’ savings as at 31Total members’ savings as at 31stst May May
2010 was kshs. 897 million2010 was kshs. 897 million
OUR PERFORMANCEOUR PERFORMANCE
CONT’DCONT’D
STRATEGIC OBJECTIVESSTRATEGIC OBJECTIVES
�� To attain 40% annual growth in turnover from Kshs 22 million in To attain 40% annual growth in turnover from Kshs 22 million in 2005 to Kshs 85 million by the year 2010.2005 to Kshs 85 million by the year 2010.
�� To attain and maintain a return on members’ deposits of 10% by To attain and maintain a return on members’ deposits of 10% by the year 2010.the year 2010.
�� To develop 5 new products or repackage existing ones by the year To develop 5 new products or repackage existing ones by the year �� To develop 5 new products or repackage existing ones by the year To develop 5 new products or repackage existing ones by the year 2010.2010.
�� To have a fully integrated Information and Communications To have a fully integrated Information and Communications Technology (ICT) system by the year 2010.Technology (ICT) system by the year 2010.
�� To minimize the default rate to less than 1% of outstanding loans.To minimize the default rate to less than 1% of outstanding loans.
�� To develop, document and ensure compliance to all operational To develop, document and ensure compliance to all operational policies.policies.
ACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESS
�� Registration of an Investment Company Registration of an Investment Company
�� Review of the Strategic Plan 2011Review of the Strategic Plan 2011--20152015�� Review of the Strategic Plan 2011Review of the Strategic Plan 2011--20152015
�� Launch of our new website to enable members Launch of our new website to enable members view statements onlineview statements online
�� Launch of our newsletter in May 2010Launch of our newsletter in May 2010
Transforming lives through savings and credit
KIMISITU INVESTMENT KIMISITU INVESTMENT
COMPANYCOMPANY
�� During this year’s AGM members resolved to form During this year’s AGM members resolved to form
an investment company with an aim of pooling an investment company with an aim of pooling
resources to help members ,take advantage of resources to help members ,take advantage of
investment opportunities such as in real estate.investment opportunities such as in real estate.
�� The main object of the company will be to The main object of the company will be to
undertake financial, commercial and other undertake financial, commercial and other
operations on its own behalf or on behalf of its operations on its own behalf or on behalf of its
shareholders.shareholders.
�� The authorized share capital is Kshs 500 million The authorized share capital is Kshs 500 million
and each shareholder will hold a minimum of Kshs and each shareholder will hold a minimum of Kshs
100,000.100,000.
THANK YOU.THANK YOU.
Transforming lives through savings and credit