Machakos University Sacco - Machakos University

MACHAKOS UNIVERSITY SAVINGS

AND CREDIT CO-OPERATIVE SOCIETY LTD

Machakos University SACCO was registered in 2015 under the cooperatives’ society act CAP 490, laws of Kenya. The objective for which the society is established is to organise and promote the welfare and economic interests of its members. Since inception, the MksU SACCO has grown tremendously from the previous financial year to the present, which saw the membership grow to over 50% and anticipating a 70% growth in the next financial year. The MksU SACCO is licensed and regulated by SARSA (SACCO Societies Regulatory Authority).

As a member one can access our three loan products:

Normal loan- offers a maximum of 36 months of repayment period.
Emergency loan – offers a maximum of 12 months repayment period
Salary advance- offers a maximum of 3 months repayment period.

The interest is 1% per month on a reducing balance.

GOVERNANCE

The society is managed by nine (9) Board of Directors, four (4) executive board members, two (2) credit committee members, and three (3) Supervisory committee members.

MEMBERS

Prof. Peter Koech

Chairman

Dr. Selerina Samba Wanjau

Vice Chairperson

Dr. Margaret Nganu

Chair, Credit Committee

An entrepreneurship development specialist with over 15 years’ experience in Entrepreneurship Development, Research, Economics, Strategic Planning, Marketing, Business Management consultancy and SMEs training

Ms. Rachael Kibe

Member, Credit Committee

An IT specialist with wealth of experience in system administration, system analysis, and development of electronic learning content.

Mr. Daniel Namale Mukhwana

Member, Credit Committee

Mr. Daniel Namale Mukhwana.Higher National Diploma in Archives and Records management. Working experience of 15 years in records management and 10year in SACCO societies management.

Dr. Esther Nduku Muia-Matuku

Member, Supervisory Committee

Esther is an expert and consultant in the area of Foods, Nutrition and Dietetics having obtained a PhD in the same and an alumnus of the African Nutrition Leadership Programme. Esther is self-motivated and has a bias and interest in alternative livelihoods in endeavor to promote the nutrition status of individuals and populations, reduce vulnerabilities, decrease nutritional insecurity as well as reduce malnutrition rates in the populations. She has worked with various organizations as a researcher in areas of improving the nutrition status of people in marginalized and poverty stricken areas through improved livelihoods to enhance food security at the household and community level. Esther has also been involved in community sensitization forums in enhancing food security and has been actively involved in the training and mentorship of young nutritionists at academic and professional levels. Esther is interested in cross-cutting interdisciplinary research themes and in multidisciplinary collaboration.