In Summary
Bandari SACCO was founded in 1975 by 20 members of the East African Harbour and Railways Corporation. The SACCO was then known as Harbour Workers Savings and Credit Co-operative Society Limited. The objective of the members then was to support one another in dire times and also to ferry deceased kinsmen to far-flung rural homes for burial.
In 1985, when the parent organisation changed to the Kenya Ports Authority, the SACCO name changed to Bandari Savings and Credit Cooperative Society Limited. The common bond of the society was among the employees of Kenya Ports Authority, Kenya Ferry Services, and Kenya Maritime Authority.
In 2005, the SACCO opened its common bond to the public and now boasts a diverse membership ranging from salaried, non-salaried individuals, investment groups, chamas, welfare groups, micro, small, and medium enterprises, large corporations, and sole businesses, among many others, from within and in the diaspora.
Bandari SACCO has evolved into a national brand, classified as a Tier One SACCO with an asset base of 10 billion and a paid-up membership of more than 16,000.
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