Kinga Savings and Credit Society Ltd was registered in the year 2000 by a group of staff from PSI. The name KINGA SACCO is coined from the Swahili language to denote protection.
Kinga SACCO Members are employees or ex-employees of PS Kenya and PSI affiliated organizations. The SACCO was mainly formed to promote thrift among members and accumulate savings.
The SACCO has continued to extend loans for provident and productive purposes, doing so at fair and reasonable rates of interest. KINGA SACCO LTD loan policy is governed and regulated by Co-operative Societies’ Act and Rules, Circulars from the commissioner for Co-operative Development, the societies’ own bylaws and management policies. Whereas the above-mentioned rules and regulations have enabled the society to lend these loans to its members fairly well. The Management Board commits itself to keep reviewing this policy from time to time with a view of improving loan disbursement to members and also to control backlog.
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