About Us

Profile

Kenya UK Sacco was launched on 30th June 2012 by the then Minister for Cooperatives, Hon. Joseph Nyaga, with a membership of 10 members at inception. The Sacco was borne out of the need for Kenyans in the Diaspora to find a solution to the many financial and investment dilemmas that they faced whenever they tried to invest their hard earned money in Kenya. Some of these hurdles included lack of transparency and intolerable red tape from financial institutions, lack of commitment from relatives entrusted with overseeing investment ventures (leading to big losses) and unreliable means of investment. Membership has grown progressively over the past two years
and to date there are over 200 members.

Primary Objective:

The Society’s Primary objective is to provide a mechanism for Kenyans living in the Diaspora to mobilise savings, access loans at affordable interest rates through partnerships with select commercial banks and undertake investments in identified projects in Kenya.

Operating Principles:

Kenya UK Sacco is SASRA compliant and its operations are in line with core co-operative values that are shared and nurtured by the co-operative movement worldwide. The Society is guided by several operating principles which include, but are not limited to:
Open and voluntary membership.
The Society’s doors are open for membership to all who wish to join it as long as they are within the accepted common bond. Members are free to withdraw their membership if they so wish provided they do not have outstanding obligations with the Society.
Democratic control.
The members enjoy rights to vote and participate in making decisions affecting the Society through electing both the Management and Supervisory committees during the AGM. Every member has a right to one vote during the AGM regardless of the amount of shares they have in the society.
Non- discrimination.
Kenya UK Sacco embraces the spirit of Unity and harmony and does not, therefore, discriminate against any member irrespective of their political, religious, race, gender or immigration status.

Vision and Mission:

Kenya UK Sacco aspires to be THE VEHICLE OF CHOICE for personal development and wealth creation for Kenyans living in the Diaspora.

Slogan:‘Let us Reason and Invest Together’.

Management Team

The Kenya UK Sacco operates a three-tiered Monitoring and Management model. On the first level is a supervisory committee which serves as a watchdog on all transactions carried out by the SACCO. On the second level, there is a formidable Executive Committee team of 4 members: The Chairperson, the Vice Chairperson, the Secretary and the Treasurer.The third tier is made up of 9 dedicated Management Committee members drawn from, and representative of, the various sectors of the economy.

The Chairperson- Mr. Steve Mburu
Mr. Steve Mburu, with a dream of enabling Kenyans who reside abroad to have an investment vehicle, was one of the brains behind the formation of the Kenya UK Sacco. As a successful businessman, he understood the need to enable other Kenyans to invest, access affordable loans and mortgages while circumventing tedious bureaucratic demands of Kenyan banks. He has a vision of bridging the gap between the Kenya's financial institutions and the Kenyans who reside in the UK and Europe.

The Vice Chairperson- Mayor Elizabeth Kangethe
Mayor Elizabeth Kangethe has a wealth of experience in leadership skills and dealing with the public on different issues. She deals with public mobilisation as a day to day activity, which also includes empowering others to reach their potential.

Elizabeth’s expertise is increasingly sought after and she has been called upon to address various distinguished groups on the topics of leadership and public service. She has addressed women groups on leadership and how to break the glass ceiling and reach the high echelons of leadership. Her advice and counsel has been sought by governors and senators from Kenya as well as corporate leaders and religious leaders

The Secretary- Mr. Jacktone Obiero
As secretary, Mr. Jack Obiero is KENUKS' chief administrative officer. He brings to the position extensive experience in the running and management of SACCOs, having been a member of Afya SACCO for 15 years, a pioneer member and chairman of the staff investment group - G15 Investment KEMRI-Wellcome Trust Research Laboratories (now a multi million investment group) and a chairman of the Greenlands Friends Group in Kericho ( now a member of STIMA SACCO). Additionally , Jack is a qualified leadership and management practitioner.

The Treasurer- Dr. Moses Langat
Dr. Langat, an academician, brings integrity and dedication to the position of Treasurer. He is of reputable character and highly regarded by Kenyans in the UK. Dr. Langat holds a vision of making the Kenya UK Sacco a financial solution of choice for Kenyans residing in the United Kingdom and Europe. He is a drilled team player with a knack for obtaining the best from his colleagues. He is an outgoing individual with a passion for raising standards of living and education in Kenya. Since taking over as Treasurer, Dr. Langat has not only ensured that members' funds are prudently spent as duly authorised, but has also played a crucial role in establishing sound financial policies that will enhance the achievement of the SACCO's obligations and objectives.

Committees

• Investment and Credit Committee
• Tendering committee
• Marketing committee
• Education and Training committee