Muramati Sacco society Ltd has come along way. It has had its share of success and challenges in the past and present. It’s determined to take off and become a pillar of financial stability in the sector. I highlight the strides we are taking to ensure that we achieve our objective;-
Human resource development
The Society recognizes that human resource is the most important asset in any organization. As such, a lot of attention has been put towards capacity building of the staffs at all levels in the organization.
The management reiterates their commitment to continuous engagement of competent and trustworthy staffs. This is in addition to continuous staff training which will ensure we do not only hire the best but we also contribute a great deal towards capacity building our staffs with the sole intention of making them the best and consequently ensuring that they give quality service at all times as well as providing equal opportunity in their progression.
Information Technology
The society has completed the first phase of an ambitious project of system upgrade to a state of the art core banking software [Bankers Realm]. The first phase involved installation of the software and upgrading the hardware, the second phase which is ongoing is to provide utility services through partnership with various consumer services for online payments and banking services provision.
We are focused to complete the second phase this year. In its final stage, the project will involve interfacing of Point of Sales, use of biometrics authentication technology as well as SMS banking. The society believes that investment in IT technology through optimizing utilization, is the future of banking. The society has purchased a Switch as the main platform to drive the latter phase as well as providing a backup link to the branchless network.
Regulatory Frame work
We hold the belief that without regulation, there cannot be growth in the sector, that’s why we embrace regulation through the Sacco Act 2008 and its prudential standards. The Act provides an opportunity for Sacco’s to compete with mainstream banks and other financial institution on equal footing. A conducive environment has been created for the Sacco to show case capability. Muramati Sacco intends to meet the standards of the Act within one year upon its commencement.
Our Values
Our slogan stands for sustainability through availing financial solutions to the masses, our vision envisage the institution to be viewed as a beacon of hope for Kenyans in financial services provision while our mission being the only and only financial institution of choice to Kenyans.
Our core values have been conceptualized with a bias of public relations and ethics, this is the quality that we emulate as stakeholders, and they have been drawn to align with our goals and objectives. Our mission is to internalize the concept to actualize our vision.
Our future
Our limit is beyond the skies. It is my strongest conviction that the society is destined to be the best nationally. We have what it takes to move mountains, to grow our business five folds in the next five years of our current strategic plan. The strategy we have of supporting operations through bringing the driving forces closer and interactions on the ground will achieve the dream we have for the society.
Thank you.
Mr. Tony Mwangi
General Manager, Muramati Sacco Society Ltd.
