Tag: Sacco

Rangelands SACCO Holds 7th Annual Delegates Meeting

Posted on by nrttrading

Rangelands SACCO held its 7th Annual Delegates Meeting (ADM) on February 18, 2025, in Archers Post, Samburu County. Attended by key officials, including Said Roba, the Cooperative Auditor, and Diramu Guyo, the Cooperative Officer for Isiolo County, the event brought together conservancy managers, chairpersons, and delegates representing SACCO members from 39 NRT member community conservancies.

The ADM’s primary objective was to discuss financial statements and budgets, declare dividends, and provide an update on the SACCO’s progress and strategic plans. It served as a platform for members to engage with the SACCO leadership, express their aspirations, and gain insights into financial strategies that would benefit them. Discussions centered around the organization’s financial performance, governance, and outlook for the coming year.

Paramase Lesanagi receives his certificate as the Best Male Saver of the year 2024

One of the most notable highlights was the presentation of the financial report, which showcased impressive growth. Corporate assets surged from KES 214 million to KES 238 million within a year. Member deposits also saw a sharp increase, rising from KES 3 million to KES 7 million, indicating growing confidence in the SACCO’s ability to safeguard and grow its members’ savings. Additionally, the dividend payout rose significantly, increasing from KES 2.6 million at a 7% rate last year to KES 6.8 million at a 15% rate this year.

As part of its member engagement and motivation approach, Rangelands SACCO celebrated outstanding contributions by recognizing and awarding the best-performing members and conservancies for the financial year 2024;

  • Paramase Lesanagi – Best Male Saver
  • Rukia Hadufo Gafo – Best Female Saver
  • Josephine Nater – Best Loan Borrower
  • Dade Roba – Most Supportive Enterprise Community Agent
Rukia Hadufo Guyo receives her certificate from MashinaniWORKS Chief Economic Programs Officer and Diramu Guyo, the Cooperative Officer for Isiolo County.

“I am a businesswoman and own a retail shop that has significantly helped me earn an income and set aside some for savings. I plan to continue saving consistently, expand my shop, and build my own rental properties.“
– Rukia Gafo, Lower Tana Delta Conservancy, Tana River County

Westgate was honored as the Best Overall Conservancy, Jaldesa was recognized as the Most Improved Conservancy, and Kirimon received the title of Most Promising Conservancy. These awards aim to recognize and appreciate strong board and management leadership in the conservancies that drive sustainability and positive mindset change towards self-reliance. Strong leadership at the conservancy level has culminated in savings and membership mobilization, which ultimately strengthen financial inclusion and economic empowerment for the communities in the conservancies.

The meeting also included a detailed review of the proposed 2025 budget, which the SACCO treasurer presented. Members had the opportunity to examine the proposed financial plan before formally approving it, with various members proposing and seconding the resolutions. This level of engagement ensured that the financial direction of the SACCO was shaped collectively.

Overview of the Rangelands SACCO: Tujipange Kimaisha

Rangelands SACCO has evolved significantly since its establishment in 2016. Originally known as Northern Rangelands SACCO, the organization rebranded to Rangelands SACCO to better serve members beyond northern Kenya, particularly those in coastal areas, and to expand its operations beyond conservancies, embracing a broader membership base. According to Diramu Guyo, the Cooperative Officer for Isiolo County, today, it stands as one of the most compliant SACCOs in Isiolo County, adhering to all legal frameworks, conducting regular elections, and strictly following SACCO bylaws.

As a flagship initiative incubated by MashinaniWORKS, Rangelands SACCO has so far disbursed KES 235 million to finance over 5,800 businesses at the grassroots level. According to a recent impact survey, these businesses have contributed to improved incomes for communities, injecting over KES 1.6 billion annually into the local economies.

With its over 6,300 members, access to various loan products is tailored to meet different financial needs. The Shikilia Loan offers support to members with existing loans who need an additional financial boost, with a limit of KES 30,000. Business loans, ranging from KES 25,000 to KES 1 million, enable entrepreneurs to expand their enterprises, while development loans cater to non-business-related financial needs within the same range. The emergency loan provides up to KES 50,000 in quick-access funding for those facing urgent financial challenges.

With a strong emphasis on empowering its members through savings and investment opportunities guiding communities to plan and secure their financial futures, Rangelands SACCO continues to establish itself as a key driver of financial growth in communities across the ASALs of northern and coastal Kenya.

In the Media

https://thepresspoint.com/special-features/guns-down-businesses-up-morans-rebuilding-their-lives-through-businesses

From Hotel To Shop To Transport Businesses – Mikelina Leparmorijo’s Entrepreneurial Journey

Posted on by nrttrading

Mikelina Leparmorijo is a 50-year-old mother of 7 who was born into a pastoralist community. She grew up surrounded by traditional livestock-keeping, the primary income source for her family and many others in the community. However, at the young age of 15, Mikelina was forced into marriage and didn’t have the opportunity to continue her education beyond Class 8.

Despite this setback, Mikelina’s entrepreneurial spirit never wavered. A few years later, she began running a hotel and preparing meals for locals, which allowed her to earn enough money to support her children. However, she knew that she needed to diversify her income stream to ensure financial stability for her family.

In 2016, Mikelina learned about the Rangelands SACCO through the Conservancy management and immediately joined as one of the 300 members. Together with other women, she received her first loan of KES 25,000, which helped her boost her hotel business. Michelina later became a Conservancy Enterprise Agent to help recruit new members and follow up on outstanding loans.

“Rangelands SACCO came to our remote areas to change our lives. They trained us to earn a diversified income without depending on livestock. We know about saving and budgeting, and our businesses are running smoothly. We have averted the loss of livestock during the drought period because we were taught how to manage that.” Mikelina happily says.

With the help of the SACCO, Mikelina was able to take a development loan of KES 100,000, which she opened a shop to diversify her income in addition to investing in a vehicle that is being used for transport business together with her sons. Her hard work and dedication paid off when she was elected as the SACCO Chairlady two years ago, a position she holds with pride. Mikelina is proud that more women from her community are taking the opportunity to save and borrow loans from financial institutions like the Rangelands SACCO to improve their lives. Before, they depended on their husbands for everything, but now they have stable businesses.

Today, Mikelina celebrates the increasing number of women in her community who, like her, have embraced the power of savings, loans, and diversified businesses. These women have achieved financial independence, established stable businesses resilient to natural calamities, and secured brighter futures for their children through better education and improved living conditions.

Leadership in Business and Conservation – The Story of Pauline Lolngojine

Posted on by nrttrading

Recently, women in northern Kenya have emerged as key decision-makers in their communities. They now hold leadership positions and have gained control over benefits, which has resulted in their full participation in the economy as market actors.

Pauline Nduraa Lolngojine is a 47-year-old mother of five from Archers Post in Samburu County, whose story embodies resilience, community impact, and empowerment. Married off at a young age, her education was abruptly cut short in Form 3. However, Pauline chose not to despair. Undeterred by the following hardships, she seized an opportunity during the construction of the Isiolo-Moyale highway to start preparing and hawking meals for the workers. This marked the beginning of her entrepreneurial venture, and she soon expanded to selling groceries by the roadside.

Pauline addresses women during the Marsabit women’s caucus.

As a member of the Sera Community Conservancy, Pauline’s conservation efforts earned her a position on the board, where she later became the tourism chairperson, breaking barriers as the only female in this role. Her journey continued as she was re-elected as the Conservancy’s Chairperson, solidifying her position as a powerful voice for women.

In 2018, Pauline joined Rangelands Savings and Credit Cooperative (Rangelands SACCO), an independent, community-owned, and membership-driven financial organization. Elected as the chairperson, she embraced the training and guidance provided by the SACCO to become a star entrepreneur. Through Rangelands SACCO, Pauline received loans that she strategically invested to catalyze the growth of her businesses. The entrepreneurial and financial literacy training, including business planning, customer service, marketing and branding, managing profits and losses, costing, and pricing, equipped her with the skills to manage every aspect of her enterprises.

Being among over 6,000 members, the impact of Rangelands SACCO on Pauline’s life is evident from an initial loan of KES 30,000 to her latest loan of KES 900,000. She secured her children’s education and a plot for her restaurant and invested in equipment and materials, elevating the quality of her services. The loans met her progressive targets and positioned her in a better place.

Pauline provides outside catering services at Uaso Girls to children on an educational trip.

Her entrepreneurial journey saw her venture into diverse fields, from groceries by the roadside to outside catering services and a Choma Zone (roast meat) restaurant that will serve travelers along Archers Post.

In the Annual Delegates Meetings held on 26th April 2023 and 7th March 2024, she was celebrated as the best borrower in 2022 and 2023, respectively. “The awards motivate me to keep achieving my goals in the Sacco and being a role model by uplifting others through giving them advice and showing them my best practices,” says Pauline. Her journey with Rangelands SACCO is not just about financial gains; it’s about inspiring and uplifting an entire community, creating a ripple effect of positive change. Pauline has become an employer, creating job opportunities and contributing to the economic growth of her community.

Pauline receives her certificate as the Best Borrower in 2023 during the Rangelands SACCO Annual Delegates Meeting held on 7th March 2024
Pauline receives her certificate as the Best Borrower in 2022 during the Rangelands SACCO Annual Delegates Meeting held on 26th April 2023

As Pauline envisions securing plots for accommodation facilities and campsites, her dreams extend beyond personal success. She aims to contribute to the growth of the local economy and leave an indelible mark on the community that she holds dear.