The PCEA Kayole Sacco, was started in October 2005 with the objective of promoting the welfare of its members by affording them an opportunity for accumulating their savings and deposits, hence creating a source of funds from which loans can be made available at a fair and reasonable rate of interest. The Society’s membership has grown from 900 members in 2011 to more than 4800 today. In the same period, members’ deposits have grown from Ksh 27 million to Ksh 300 million.
The membership of the Sacco is not tagged to our church members but open across the bond. The Sacco derives its mandate from the Co-operative Societies Act and its By-laws.
The affairs of the Sacco are directed by the Central Management Committee (CMC) as provided for in the By-laws and overseen by the Supervisory Committee (SC) with both reporting to the AGM. The CMC has the following sub-Committees: the Executive, Credit, and Education committees
In line with its objective, the Sacco currently offers the following loans: Development loan, School fees loan, Business loan, Instant loan, Refinancing loans and emergency loan. The Sacco continues to embrace new technologies, processes, products and services that will ensure efficient and effective service provision.