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Who We Are
Your Financial Partner of Choice
Thome Community Sacco is a Savings and Credit Co-operative Society, formed in 2009 to aid its members in investing for their future and securing their retirement while assisting them achieve their financial goals. Our commitment lies in fostering financial stability and prosperity within our members ensuring that every member has the tools and support needed to thrive economically and socially by providing diversified products and loans.
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Professionalism
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Integrity
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Innovation
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Customer-first approach
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Reliability
Why Choose
Thome Community Sacco
Joining Thome Community Sacco offers members a unique opportunity to be part of a thriving, supportive financial community. Here, members gain access to affordable financial services, including savings and credit facilities, tailored to empower and elevate their economic status.
Thome Community Sacco stands out for its commitment to member education, offering workshops and seminars on financial literacy and management, which are essential tools for personal and communal economic growth.
Additionally, the Sacco promotes a culture of saving and investment among its members, encouraging them to plan for their future while supporting each other's financial goals. By becoming a member, individuals not only secure their financial well-being but also contribute to the collective success and strength of the community, fostering a spirit of mutual aid and prosperity.
Thome Sacco's operations are rooted in Church doctrines, emphasizing ethical and moral principles in all financial dealings. This ensures that members can trust the Sacco to manage their funds with integrity, transparency, and accountability. Investments and loans are allocated to ventures that align with these values, ensuring that your financial growth supports morally sound and socially responsible projects.
Thome Sacco cultivates a strong community spirit among its members, characterized by mutual support and cooperation. This sense of belonging not only enhances members' financial well-being but also creates a network of individuals who are committed to each other's success.
Being part of a community with shared religious and moral values creates a strong sense of solidarity among members. This shared belief system fosters a unique bond, encouraging members to support each other's financial and personal growth. The sense of belonging and mutual support is a significant advantage, offering comfort and guidance.
Thome Community Sacco
Governance
The Sacco is currently regulated by the Cooperative Societies Act under the Ministry of Co-operatives and Micro, Small and Medium Enterprises
Thome Community Sacco's Governance Structure is composed of several key entities. Firstly, there are the Members, who play a vital role by passing resolutions during the Annual General Meeting (AGM). Members have voting rights in the election of the Sacco's board of directors and other leadership positions. They elect individuals who they believe will effectively represent their interests and govern the Sacco responsibly. They also have the right to hold Sacco's leadership accountable for their actions and decisions, ensuring transparency and integrity in the organization's governance.
The Executive Committee includes the Chairman, Vice Chairman, Treasurer and Honorary Secretary all of whom are elected by the members and other members of the management. The role of the executive is to oversee the operation of the Sacco including the other operational committees.
The Supervisory Committee plays the crucial role of ensuring transparency, accountability, and compliance of the Sacco. Comprised of elected members, their primary responsibility is to oversee the Sacco's financial operations, internal controls, and adherence to regulatory requirements. Through regular audits, inspections, and reporting, the supervisory committee safeguards the interests of Sacco members and promotes trust and integrity. The committee also ensures adherence to the Sacco's bylaws, regulations, and policies. The committee has the right to hold the Sacco's leadership accountable for their actions and decisions, ensuring transparency and integrity in the organization's governance.
It conducts quarterly monitoring and review of the Saccos financial records and documentation and presents them to the management. The committee also presents its reports in the Annual General Meeting as a measure of accountability and transparency.
The credit committee is in charge of the society’s Loan book, with a specific mandate to effectively enforce the society’s credit policy.
It consists of three members chosen from amongst the management committee at the inaugural AGM meeting. The credit committee meets as and when duty requires at least once per month and convenes when there is an emergency loan application and reports monthly to the Central Management Committee.
The Business Development & Education Committee is responsible for the dissemination of crucial information regarding the Saccos policies, products, and evolving industry trends to its membership. Moreover, it spearheads the planning of essential member education forums aimed at equipping members about the operations of the Sacco. Additionally, it empowers the management committee members with the tools and expertise necessary to navigate financial decisions effectively, thereby contributing to the overall growth and success of the Sacco.
Thome Community Sacco
Testimonials
Jane K.
Member
“Thome Community Sacco has been instrumental in helping me achieve my financial goals. Their range of services, from savings accounts to investment opportunities, has provided me with the tools I need to secure my future. I highly recommend Thome Community Sacco to anyone looking for reliable and trustworthy financial solutions. “
David M.
Member
“I have been a member of Thome Community Sacco for several years now, and I am continually impressed by their dedication to customer service. Whether I have a question about my account or need assistance with a loan application, their team is always there to help with friendly and professional service. Thank you, Thome Community Sacco, for your ongoing support! “
Sarah N.
Member
“Thome Community Sacco has been a lifeline for me during challenging times. Their flexible loan options and supportive staff have helped me navigate financial difficulties and emerge stronger on the other side. I am grateful for the partnership and peace of mind they provide. “
James O.
Member
“As a small business owner, I rely on Thome Community Sacco for my banking needs. Their business accounts and loan products have been instrumental in helping me grow my business and achieve my entrepreneurial dreams. I appreciate their personalized approach and commitment to supporting local businesses “
Grace W.
Member
“Thome Community Sacco goes above and beyond to educate and empower its members. Their financial literacy workshops and resources have been invaluable in helping me make informed decisions about my finances and plan for the future. I am grateful to be a part of such a supportive and proactive community. “
