请输入您要查询的百科知识：

　

词条 Mwalimu Cooperative Savings & Credit Society Limited
释义

  1. Overview

  2. History

  3. Ownership

  4. Subsidiaries

  5. Branches

  6. See also

  7. References

  8. External links

{{Infobox company
|
|
|
|
|
|
|
|
|
|
|
|
|
}}Mwalimu Cooperative Savings & Credit Society Limited, also known as Mwalimu National Sacco Limited, but often referred to as Mwalimu Sacco, is a savings and credit co-operative society (Sacco) in Kenya, the largest economy in the East African Community. It is an institutional Sacco, composed of (a) the staff of the Teachers Service Commission (TSC) (b) TSC teachers in secondary and tertiary institutions (c) TSC teachers in elementary schools (d) the staff of Mwalimu National Sacco Limited and (e) the spouses of the above members, when formally, gainfully employed.[1] The society is licensed and regulated by the Sacco Societies Regulatory Authority (SASRA).[2]

Overview

Mwalimu Sacco is a medium-tier financial services provider in Kenya. {{asof|December 2013}}, it was the largest Savings and Cooperative Society (Sacco) in the country, with an asset base valued at about US$282.2 million (KES:24.5 billion). At that time, the society had in excess of 57,520 members and a loan book of approximately US$241.5 million (KES:20.96 billion).[3] If Mwalimu Sacco were a commercial bank, it would rank number 23, by assets, out of the 43 licensed commercial banks in Kenya, just below Guaranty Trust Bank (East Africa).[4] As at December 2013, Mwalimu Sacco was ranked as the number one SACCO in Kenya, as measured by assets[5] and revenue[6]

History

The society was established in 1974, with the objective of mobilizing savings from its members and providing loans to members, using those resources.[7][8] In 2013, Joshua Ojall, the society CEO at the time, announced plans to build up to 100 housing units in the outskirts of Nairobi, the capital and largest city in Kenya and East Africa. The houses and apartments constructed using a US$5.2 million (KSh450 million) fund will be sold to Society members at between KSh2.8 million and KSh4.5 million (US$33,000 - US$52,000). The program is expected to roll out in other Kenyan urban centers after the Nairobi opening.[9] In 2014, the Chairman of the Society announced plans to open a commercial bank, known as Spire Bank, between 2014 and 2018.[10]

Ownership

The shares of stock of Mwalimu Sacco Limited are privately owned. The detailed shareholding in the Cooperative society in not widely, publicly known.

Subsidiaries

In December 2014, Mwalimu Sacco acquired 51% shareholding in Equatorial Commercial Bank (ECB), a Kenyan retail commercial bank, for a cash payment of KES:1.7 billion (approximately USD:18 million).[11] The sales agreement provided for the Sacco to purchase another 24% shareholding in the bank before 31 December 2015, to enable ECB comply with Central Bank of Kenya shareholding directives. The Sacco will then turn around and sell some of its shareholding in the bank, to some of its members.[12] Following the resolution of objections raised by the Cooperative Alliance of Kenya, a commission set up to investigate the deal, gave its approval in March 2015.[13]

Branches

{{asof|December 2013}}, the society maintains a network of branches at the following locations:[14]
  1. Tom Mboya Branch - Mwalimu Cooperative House, Tom Mboya Street, Nairobi (Main Branch)
  2. TSC Branch - Teacher Service Commission Centre, Upper Hill, Nairobi
  3. Kisumu Branch - Kenya Reinsurance Plaza, Oginga Odinga Street, Kisumu
  4. Nyeri Branch - Kanisa Road, Nyeri
  5. Kisii Branch - Ouru Complex, Kisii
  6. Webuye Branch - Afro Fancy House, Webuye
  7. Mombasa Branch - Arrow Plaza, Mombasa
  8. Kitui Branch - Winlo Complex, Kilungya Street, Kitui
  9. Meru Branch - Stemuki Plaza, Kirukiri Street, Meru
  10. Eldoret Branch - Zion Mall, Uganda Road, Eldoret
  11. Nakuru Branch - Vickers House, Kenyatta Avenue, Nakuru

See also

{{columns-list|colwidth=22em|
  • Imarisha Sacco
  • Unaitas Sacco
  • Kenya Banks
  • Kenya Economy

}}

References

1. ^{{cite web|url=http://www.mwalimusacco.coop/aboutus/ |title=About Mwalimu Sacco Limited|first=.|last=MNSL|accessdate=20 August 2014|date=|publisher=Mwalimu National Sacco Limited (MNSL)}}
2. ^{{cite web|title=List of Licensed Saccos In Kenya|url=http://softkenya.com/sacco/|date=|accessdate=20 August 2014|publisher=SoftKenya.Com|first=.|last=Softkenya}}
3. ^{{cite web|url=http://www.businessdailyafrica.com/Corporate-News/Mwalimu-Sacco-taps-Equitorial-Bank-executive-for-CEO/-/539550/2424580/-/item/0/-/mr9tkv/-/index.html|title=Mwalimu Sacco Taps Equatorial Bank Executive for CEO|first=David| last=Herbling|accessdate=20 August 2014|date=19 August 2014| newspaper=Business Daily Africa (Nairobi)}}
4. ^{{cite web|url=http://bankelele.co.ke/2014/04/kenya-bank-rankings-2013-part-i.html|title=Kenya Banks Rankings By Assets In 2013|accessdate=20 August 2014|date=28 April 2014|first=.|last=Bankelele| publisher=Bankelele.Co.Ke}}
5. ^{{cite web| first=.| last=StractConsult| url=http://www.stractconsult.com/ranking-of-kenyan-saccos-on-assets/|title=Rankings of Kenyan Saccos Based On Assets| publisher=StractConsulting|accessdate=6 October 2014|date=31 December 2013}}
6. ^{{cite web|last=StractConsult| url=http://www.stractconsult.com/ranking-of-kenyan-saccos-based-on-revenue/|first=.|title=Rankings of Kenyan Saccos Based On Revenue| publisher=StractConsulting|accessdate=6 October 2014|date=31 December 2013}}
7. ^{{cite web|title=History And Profile of Mwalimu National Sacco Limited|accessdate=20 August 2014|date=|url=http://www.mwalimusacco.coop/aboutus/ |first=.|last=MNSL| publisher=Mwalimu National Sacco Limited (MNSL)}}
8. ^{{cite web|url=http://www.standardmedia.co.ke/?articleID=2000032532&story_title=mwalimu-sacco-enters-mortgage-and-insurance-business&pageNo=1|title=Mwalimu Sacco Enters Mortgage And Insurance Business|first=Josephat|last=Siror|date=4 April 2011|accessdate=20 August 2014|newspaper=The Star (Nairobi)}}
9. ^{{cite web|url=http://www.the-star.co.ke/news/article-124906/teachers-sacco-build-houses-its-members|title=Teachers' Sacco To Build Houses for Its Members|first=Brian|last=Otieno|accessdate=20 August 2014| date=19 June 2013|newspaper=The Star (Nairobi)}}
10. ^{{cite web|newspaper=Daily Nation Mobile (Nairobi)|title=Teachers Set To Own Bank|first=Samuel|last=Karanja|url=http://mobile.nation.co.ke/business/Teachers-set-to-own-bank/-/1950106/2277244/-/format/xhtml/-/wo072nz/-/index.html|date=12 April 2014|accessdate=20 August 2014}}
11. ^{{cite web|accessdate=22 January 2015|last=Ngigi| url=http://www.businessdailyafrica.com/Sasra-to-approve-Mwalimu-Sacco-bid-to-acquire-ECB/-/539552/2544950/-/item/0/-/11t71l2/-/index.html|title=Sasra To Approve Mwalimu Sacco Bid To Acquire ECB|date=4 December 2014| first=George|newspaper=Business Daily Africa (Nairobi)}}
12. ^{{cite web|date=22 January 2015| url=http://www.businessdailyafrica.com/Mwalimu-Sacco-eyes-75pc-stake-in-Merali-bank/-/539552/2599052/-/item/0/-/exn0bj/-/index.html|accessdate=22 January 2015|title=Mwalimu Sacco Eyes 75 Percent Stake In Merali’s Bank|first=George|last=Ngigi|newspaper=Business Daily Africa (Nairobi)}}
13. ^{{cite web|url=http://www.businessdailyafrica.com/Mwalimu-Sacco-gets-green-light-to-buy-Merali-bank-/-/539552/2663498/-/item/0/-/5ujq1o/-/index.html|date=24 March 2015|accessdate=1 March 2015|newspaper=Business Daily Africa (Nairobi)|title=Mwalimu Sacco Gets Green Light To Buy Merali Bank|last=Ngigi|first=George}}
14. ^{{cite web|url=http://www.businessdailyafrica.com/Corporate-News/Mwalimu-sacco-widens-lead-in-Sh19bn-loans/-/539550/1939232/-/hf63cpz/-/index.html |title=Mwalimu Sacco Widens Lead In KSh19 Billion Loans|date=6 August 2013|first=Kennedy|last=Kimanthi|accessdate=20 August 2014| newspaper=Business Daily Africa (Nairobi)}}

External links

  • Mwalimu Sacco Summons EGM to Approve Sh500m Cash Call
  • Website of Sacco Societies Regulatory Authority of Kenya
  • Website of Mwalimu Sacco Limited
  • Kenya Eases Pain of Loan Defaulters, Alters Credit Bureau Rules
{{Banking in Kenya}}{{DEFAULTSORT:Mwalimu Cooperative Savings and Credit Society Limited}}

3 : Financial services companies established in 1974|1974 establishments in Kenya|Companies based in Nairobi
随便看

　

开放百科全书收录14589846条英语、德语、日语等多语种百科知识，基本涵盖了大多数领域的百科知识，是一部内容自由、开放的电子版国际百科全书。

　

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间：2024/9/23 11:15:06