Industry Financial Services Type of business Private | Website unaitas.com Founded 1993 | |
Key people Joseph Ngaai KabuguChairmanTony MwangiChief Executive Officer Products Loans, Savings, ATM Debit Cards, Mobile Banking Service Revenue :Aftertax:KSh428 million ($US4.29 million) (2015) Total assets KSh9.3 billion (US$93.2 million) (2015) | ||
Unaitas Sacco Society Limited, whose full name is Unaitas Savings & Credit Cooperative Society Limited, also Unaitas Sacco, is a savings and credit co-operative society (Sacco) in Kenya. Membership includes individuals, investment groups and small businesses. The Sacco has plans to transform into a commercial bank.
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Overview
Unaitas Sacco is a medium-tier financial services provider in Kenya. As of December 2015, the society's asset base was valued at KSh9.3 billion (US$93.2 million), and a loan book of approximately KSh7.42 billion (approx. US$74.35 million). At that time, shareholders' equity was valued at more than KSh3.6 billion (approx. US$36.07 million) and membership was more than 230,000.
History
The society was established in 1993 as Murang'a Tea Growers' Society, by a group of farmers, who pooled resources to create a financial institution where they could save and borrow at affordable rates. In 2007, the Sacco expanded beyond Murang'a and it admitted members who are not tea growers and small businesses. The name was changed to Muramati Sacco and eventually to Unaitas Sacco in 2012.
Future plans
Unaitas Sacco has plans to transform into a fully fledged commercial bank later in 2016, pending approval from the relevant Kenyan regulatory authorities.
Branches
As of December 2016, the society maintains a network of branches at the following locations:
- Cardinal Otunga Branch - Cardinal Otunga Plaza, Kaunda Street, Nairobi
- Naivasha Branch - Penibrah House, Moi Avenue, Naivasha
- Kawangware Branch - Muhu Holdings House, Naivasha Road, Kawangare, Nairobi
- Juja Branch - Opposite JKUAT University Main Gate, Juja.
- Thika Branch - Kwame Nkrumah Road, Thika
- Mlolongo Branch - Old Mombasa Road, Nairobi
- Kasarani Branch - Kasarani Mwiki Road, Kasarani, Nairobi
- Ongata Rongai Branch - Rongai Business Hub, Ongata Rongai, Nairobi
- Temple Road Branch - Gatkim Plaza, Temple Road, Nairobi
- Muranga Branch - Unaitas Building, Murang'a
- Kangare Branch - Unaitas Building, Kangare
- Kanyenya-ini Branch - Unaitas Building, Kanyenya-ini
- Gatura Branch - Unaitas Building, Gatura
- Kahatia Branch - Unaitas Building, Kahatia
- Kiria-ini Branch - Kiria-ini - Murang'a Road, Kiria-ini
- Mununga Branch - Mununga
- Kangema Branch - Kangema
- Githumu Branch - Unaitas Building, Murang'a
- Nakuru Pioneer Branch - Pioneer Building, Mburu Gichia Road, Nakuru
- Gatundu Branch - Gatundu House, Nairobi