About Us


Background
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 shares.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 Nairobi Academy, Nairobi Junior academy, Nairobi Nursery, Nairobi Primary, Aga Khan Education services, Path Care and Aga Khan Microfinance.

Vision
Utabibu SACCO aspires to be the cooperative of choice nationally in provision of excellent savings and credit services.

Mission
To provide high quality financial products and services by maintaining a prudently managed savings and credit system, use of modern technology, and competent staff for achievement of social and economic wellbeing of our members.

Core Values
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
  • Building of partnerships
  • Transparency and accountability
  • Fairness and Justice
  • Integrity
  • Self Help
  • Social Responsibility
  • Corporate Governance
  • Confidentiality of Members Information

The SACCO has had tremendous success in the past years. During the 2008 Ushirika Day celebrations, the SACCO was ranked position one on members’ education, position two on interest payout and position two on loan policies. All positions were in the category of companies and Non Governmental Organizations (NGOs) during the 2008 awards.

Management
A committee of 9 officials who form the Central Management Committee (CMC) manages the SACCO. Members at Annual General Meeting elect these officials.

The CMC is made up of the following sub committees:-

  1. Executive committee - 4 members
  2. Credit Committee - 3 members
  3. Education Committee - 2 members

Supervision
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.



Subpages (1): missionvision