Invest and Grow Sacco gets stronger, 44 years on

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Invest and Grow Kabras management has called for more teachers to join the Sacco as it continues to grow day by day.

Branch member Richard Shilaro, while conducting its annual delegates’ election in Kabras electoral area held in Friends Malava primary school, recently, expressed confidence in the Sacco’s operations.

He said that it was destined to greater heights, owing to its stable financial stability and support from its members.

“We normally hold annual delegates election as per our IG constitution.

This offers the members a chance to choose visionary and able leaders and as you can see here, we are only competing for four positions as the other 19 slots have seen the delegates being reelected unopposed,” he said.

“This shows that majority of our team are worthy representatives who offer the needed service delivery effectively.”

He said they were sure that the four clusters consisting of Shirugu, Bulupi, Musingu and Tombo that attracted new players will ensure that the best contender is elected.

“We as board members will also be subjected to the same,” he said.

Shilaro maintained that the Sacco was growing fast and it was important for each individual to join it.

“We are still calling upon Kenyans with any source of income to join our Sacco and invest as we grow together to prosperity,” he said.

He called on those reelected to exercise their noble duty of propagating for the growth of the Sacco and bring onboard new members.

“What started as a mere teachers’ savings institution is today counted among giant financial institutions in Kenya,” he said.

He said the Kakamega-based Invest and Grow Sacco journey started 44 years ago with a handful of members.

“It now stands as a towering financial figure in the Kenyan cooperative movement and we are still determined to go even further,” he said.

With a membership of over 36,000, the Sacco now tops financial institutions that contribute to the livelihoods of many members and the national economy.

“The IG (Invest and Grow) Sacco is a licensed deposit-taking Sacco by SASRA under the Sacco Societies Act, 2012. It was formed in 1977 and registered as a Co-operative society, with a total membership of 115.

Through visionary leadership, committed members and staff, the Sacco has undergone a tremendous transformation and developed its rich history over the years”.

The Sacco through Peter Vuhyah, the Sacco chief executive officer (C.E.O) has a clear-cut vision that envisages a financially strong institution and prosperous members with distinctive plans that include taking it (Sacco) to the top tier co-operative and assisting members to grow their financial investments.

“This Sacco is setting an indelible mark in the provision of financial and non-financial services and for us, service delivery should never be comprised, as we embark on our endeavors, we as the pioneer Sacco in Kakamega County, which represents financial freedom and empowerment, plans to be the leading Sacco in East Africa in the coming few years.”

The Sacco has withstood the test of turbulent financial times that has seen many Sacco’s split and collapse.

After rebranding from Kakamega teachers Sacco to Invest and Grow, the move saw the Sacco cast net far and wide to attract members and partners nationally and internationally away from the teaching fraternity.

Currently, the IG Sacco has 7 branches among them, Malava, Mbale, Butere, Lumakanda, Serem and Luanda.

RELATED: BUSINESS: Kitui Teachers Sacco on upward financial trajectory

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