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Jamii Sacco CEO to retire after serving Sacco for 34 years

3 min read

Eliud Chepkwony, the CEO of Jamii Savings and Cooperative Society, is only in charge of the Sacco for a few days before stepping down.

Chepkwony has decades of finance experience in the Sacco sector and has been with Jamii Sacco for 34 years.

Chepkwony told Sacco times that it’s time to hand over the torch to someone else.

“When my term expires after the April Annual Delegates Meeting (ADM), someone else will take over,” he explained.

He revealed that he led over 24,000 members at Jamii Sacco during his career. He was also in charge of Shs 5 billion in assets.

“During my tenure, the Sacco’s asset base increased from Shs 1.6 million to Shs 5 billion,” he explained.

He stated that one of his primary goals at Jamii Sacco is to make customer satisfaction the most important aspect of the business. That implies that every decision made by Sacco’s management is made to benefit the members.

He stated that under his leadership, the Sacco is working to become more agile and efficient in order to improve customer satisfaction.

He stated that he has stimulated collaborative work, implying that he has combined a high level of entrepreneurship, initiative, and autonomy with clear processes to achieve results.

He claimed that his dedication and hard work propelled him from a junior officer to the helm of the thriving organization.

Under his direction, the Sacco, which was founded in 1972, was ranked as a tier one Sacco in 2021.

His contemporaries refer to him as the trailblazer, and he has a reputation for being tough and compassionate, qualities that he encourages future leaders to emulate.

He emphasized the importance of leaders being open-minded because business transactions in today’s world require companies to adapt and evolve.

“Future leaders must always be willing to challenge ideas and assumptions from members of their team as well as outside voices.” Leaders cannot be expected to have all of the information and answers with so much change. “Rather, they must recognize the worth of those around them and be open to new ideas,” he says.

He goes on to say that leaders must rely on customers and people with diverse backgrounds and perspectives to make the best decisions.

“This means that in order for a company to be successful, its leaders must be open to ideas that are not their own.” Leaders of the future must be open-minded, customer-focused, and collaborative. These three mindsets are critical for leaders to achieve long-term success.” He stated.

Many people outside of the exclusive cooperative society may not know his name because of his soft spoken nature, which is ironic given that even those who have achieved a fraction of what he has achieved have painted the town red and been celebrated as high achievers.

His soft nature stems from his deeply rooted polite personality, which defines enjoyment and happiness in a very personal and delicate way.

“While we have preconceived notions about how life should work, it is ultimately a personal thing.” What makes me happy is my own concept of enjoyment. It gives me pleasure to be able to create things and make a difference.  I like seeing people rise from nothing to something. Being part of such a process gives me happiness.”  I like seeing people rise from nothing to something. Being part of such a process gives me happiness.” He said.