HISTORY

OUR HISTORY

TAIFA SACCO Society Ltd was started in January 1974 as a banking section of the Nyeri district cooperative union to offer banking services to the rural farmers in Nyeri district who were members of cooperative societies.

The SACCO registered tremendous growth from the initial membership of 9500 to a membership of 97,500 in 1998. It was found prudent to detach the Banking Section from Nyeri District Cooperative union to boost efficiency and concentrate on provision of banking services. On 29th Jan 1998, the banking section was transformed into an agricultural based rural savings and credit society and registered as NYERI FARMERS SACCO SOCIETY LTD by Registration No 8315.The SACCO Started intensifying its service delivery in new product development, new target groups and a wider customer base. Hence gaining a national phenomenon and attaining a new name and registered on 30th May 2006 as TAIFA SACCO SOCIETY LTD with the ministry of Cooperative, Development and Marketing.

BACKGROUND INFORMATION

The SACCO as any other Co-operative organization is founded on Cooperative values and principles which were formed in 1844 in Rochdale Scotland. The modern form of present day Cooperatives was started in 1908 after the registration of Lumbwa Farmers Cooperative society limited in the Rift Valley of Kenya. This has been the growth of the cooperative movement by leaps and bounds and today the cooperative movement contributes over 45% of Kenya’s GDP (Gross Domestic Product).

CO-OPERATIVE PRINCIPLES

  • Voluntary and open membership
  • Democratic member control
  • Economic participation by members
  • Autonomy and independence
  • Education, training and information
  • Co-operation among cooperatives, and
  • Concern for the community in general.

Efficient Mobilization of Savings and Provision of Credit Services to Members

To be a Sustainable Financial Services’ Provider

Efficient Mobilization of Savings and Provision of Credit Services to Members

CORE VALUES

Taifa Sacco subscribes to PRECIOUS culture

 

P – Professionalism

To perform all duties to the highest standards of expertise

 

R – Reliability

Consistently addresses the interests and expectations of all stakeholders

 

E – Excellence

Commitment to the highest levels of effectiveness and efficiency

 

C – Customer Focus

Continuosly seeks to understand and meet the diverse and changing needs of members in the provision of services

 

I – Integrity

To act morally and ethically and consistently demonstrate a high degree of straight forwardness, honesty and sincerity in all dealings with stakeholders

 

O – Openness

Upholds transparency and encourages open communication in conduct of affairs

 

U – Unity

Carries out the mandate with impartialiaty at all levels

 

S – Social Responsibility

Caring for the community and the environment