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SACCO Brief History

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From our humble beginning in 2004, Vision Afrika Sacco ltd formally Gilgil Sacco ltd was registered as a saving and credit co-operative society on 22nd November 2004 CS No. 10624. A pioneering group of traders in Gilgil came with an idea of pooling their resources together to create a basket from where they could access loans at affordable rates and avoid the exploitative mushrooming shylocks and financial institutions.

The Sacco on reception intended to serve its clientele under open membership comprising mainly of Traders, Farmers, Juakali, Artisans, Transporters, Bodaboda and Employees within Gilgil division and hence the name Gilgil Sacco Ltd. The Sacco later adopted the name Vision Afrika Sacco Ltd on 23rd December 2010 when the by-laws were amended to expand the area of jurisdiction to Nakuru and Nyandarua counties to be in line with its growth and expansion strategy. The society has grown in leaps and bounds and currently serves over 23000 members.

Vision Afrika is among the various Sacco’s in the country with FOSA services that have been granted licence to operate by the Sacco Societies Regulatory Authority (SASRA) to roll out banking services. This therefore means that Vision Afrika has met the standard requirements as spelt out by SASRA. Recently the Sacco is operational with its website which allows members to interact with the society anywhere in the world.

The Sacco is managed by a board of directors structured into various committees. The day to day running of the Sacco is done by the CEO and the staff. The Head Office is located at Nakuru Rajdeep House opposite Generation House along Kenyatta Avenue. The head office formerly in Gilgil was moved to Nakuru on 1st September 2013, as a move to improve service delivery in readiness for county wide expansion. The Sacco has currently four fully operational branches, Gilgil Imani house, Nakuru Rajdeep House, Naivasha next to Diplomat House and Molo at Generation House, Opposite Kamusi Plaza. All this is aimed at bringing the services closer to our clients.