imkes DT Sacco, in partnership with the Kiambu County Government, ACK Diocese of Mt. Kenya South, and Amictus Limited, has sponsored a Covid-19 pandemic vaccination campaign of community members in line with the co-operative principle of concern for the community, in an effort to serve a healthy and productive community.
“We identify with the catastrophic effects of the COVID-19 pandemic on the financial status of our members and the citizens of Kenya. This vaccination drive is our small way of walking the journey with communities as they build resilience in their daily activities. We are in a constant drive to elevate the lives of community members through co-operate citizenship and are committed to supporting the society,’ said the CEO Mr. Benson Maina.
The first COVID-19 pandemic response conducted in 2020 saw members and Sacco staffs distribute food items and clothing to Kibagare in Kangemi, Loresho and Githunguri residents. Following this activity, the Sacco in October and Nov 2021, conducted another vaccination campaign at Kiambaa constituency, where over 500 community and Sacco members were vaccinated. In this cohort, the health officials administered Moderna and AstraZeneca vaccines.
Moreover, in the same month, the Sacco also succeeded in setting up a modern home bio system at Mothers’ Mercy Children’s Home in Ndenderu, a project that was fully undertaken by Amictus Limited. The bio system will not only serve the children at Mothers’ Mercy Children’s Home, but also the community, fulfilling the principle of Co-operatives, which is every Co-operative’s concern.
“We thank Dimkes DT Sacco and Amictus Ltd for funding the bio gas project, together with the church’s involvement in our struggle to better the lives of the people,” said the Chairperson.
The SACCO also celebrates its efforts in onboarding the elderly for the vaccination. Particularly, the Sacco conducted household mobilizations for the moderately and severely immune-compromised people.
“Dimkes DT Sacco has achieved much in its CSR due to our partnership with community health workers to mobilize the public” noted the CEO.
This collaboration ensured that the program reached the periphery of the villages sampled as the first cohort, an activity that the people happily consented to. During the vaccination drives, the Sacco is also conducting financial literacy awareness to the members of the public, aimed at cultivating a savings culture among the members and the community within which the Sacco operates.
Despite the Covid-19 pandemic’s impacts on the country’s economy, Dimkes DT Sacco remained resilient and retained exemplary performance in key areas, such as the total asset base which grew by 6% in 2020 to reach Kshs 1.75 billion from Kshs1.65 billion recorded in 2019.
Core capital grew by 11% to Kshs 277.5million in 2019 from Kshs 249.7 million and the Sacco managed to recruit 1,937 new members and activated 3,215 dormant accounts in 2020 amid the pandemic. The net operating surplus for the year before tax marginally grew by 8% to Ksh. 14.3M in 2020 from Ksh. 13.2M in 2019.
Loans and advances to members grew to Ksh. 1.29 billion in 2020 up from Ksh. 1.28 billion in 2019.Digital transformation being a key pillar in the Sacco’s 2021-2025 strategic plan, has seen over 10,000 members register to the Sacco’s mobile banking platform M-Chipuka, enabling them to access services such as depositing, withdrawing, borrowing and many more services, conveniently; via the USSD code *850# or the App.
Other key areas of the strategic plan include membership, service delivery, financial and people objectives.
Dimkes DT Sacco Rebrands its Banana Branch in Kiambu County
imkes DT Sacco has relocated and rebranded its Banana branch from the first to the ground floor of Davekon Palace building.
This move will boost service delivery to members, as it is easily accessible to many visiting Sacco members, especially the elderly and differently abled persons.
Speaking during the ribbon cutting to mark the official opening of the new office, the guest speaker Archdeacon Loise Musyoka, congratulated the Dimkes DT Sacco management for their bold efforts in bringing enormous change to the Sacco.
‘This is a commendable spirit to change the Sacco and the community,’ she said, commissioning every unit to begin operating, while seeking divine intervention for the Society’s achievements.
The new office is a realization of one of the Sacco’s dreams, where the banking hall has both FOSA and BOSA services, confirming the Sacco’s compliance with the Saccos Societies Regulatory Authority’s prudential guidelines.
‘The new office is an avenue for the growth of membership and an improved banking experience’, said the Chairperson Caroline Gikonyo. This additional space confirms that the Sacco has embraced a modern architecture that will from now on ensure a satisfactory customer experience.
‘Last year, we had set rebranding as part of the strategic plan, which has now come to pass,’ said the Chairperson. The Sacco intends to focus on delivering quality service to members, and has begun its initiatives at Banana, thanks to its esteemed members.
The Sacco anticipates that the new facility will enable its members to frequently save and invest more, through a structure that is an assurance of the safety of their savings. To ensure commendable service to all, the Sacco considers everyone a Dimkes DT Sacco member as opposed to a customer, and tailors its products and services to meet the dynamic members’ needs,” added the chairlady.
Since most financial institutions have been challenged by the COVID-19 pandemic, the key focus is to reposition and leverage on technology for better service delivery.
With 13 branches spread across 3 counties; Kiambu, Nairobi and Kajiado, the relocated office signals the Sacco’s journey to modernize and strategically reposition some of its branches in key market areas, for ease of access to existing and new members, a move that will ensure visibility and business growth. Through these ventures, members will receive optimum services.
As Dimkes DT Sacco is looking forward to giving every member a new banking experience through digitized banking halls, its business model will ensure that it becomes a one-stop-shop with improved efficiency.
The Sacco has initiated plans to conduct another CSR event at Riba Rori, Gachie town, Kiambu County. Once again, the Sacco will partner with the county government of Kiambu, ACK Diocese of Mt. Kenya South and Amictus Ltd, to drive forward the vaccination agenda.