Taraji SACCO’s low membership deters them from ATMS. Taraji SACCO formerly Siaya Mwalimu SACCO that has approximately 3000 members will now have to work hard in a bid to woo more members to join if their dream of having an ATM machine is to come true.
According to the SACCO’s Chairman Mr. Charles Ochieng Ngutu, the standards to install an ATM machine further dictates that the SACCO should have enough membership for Front Office Saving Account (FOSA)
He said that at the moment the Sacco will negotiate with their partner Bank, Cooperative Bank, to allow them use their SACCO color branded ATM cards.
We are in talks with the other partners like Cooperative Bank of Kenya to allow our clients use their already branded ATMs as we still pursue on how to acquire our own machine” said SACCO Chairman Ochieng.
Speaking in Siaya Township Primary School during an education day for teachers under Taraji SACCO Mr. Ochieng’ disclosed that as a long term solution Taraji SACCO is set to open several satellite offices in all Sub-Counties in Siaya County in a move to recruit more members.
He said the satellite offices will in future be transformed into Sacco branches once they get approval from SASRA which is the regulatory body of all Saccos in the country.
The chairman also made it clear that Taraji SACCO is now opened to all members of the society and not just restricted to teachers. This is after the SACCO was rebranded from Mwalimu Sacco to the now Taraji Sacco in a bid to propel it to greater heights.
He said that as a SACCO they have a broader future of extended their membership nationwide, mentioning that at the moment they have recruited members from Nairobi, Mombasa and other parts of the country.
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