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Invest in Bingwa SACCO

Bingwa SACCO

Share Capital: KES 1000000

Regulated

Trading

  • Total Assets6.82 B
  • Total Deposits 3.34 B
  • Gross Loans 3.82 B
  • Total Income 0.96 B

In Brief

  • Average Share PriceKsh.32.25
  • Existence 40 years
  • Shares Bid 0
  • Shares Offered 32000

In Summary

Bingwa SACCO Society Ltd. (formerly Kirinyaga Tea Grothers SACCO Ltd.) was registered in 1984, being the first of its kind in the Republic of Kenya and Africa. Initially, it started its operations with BOSA services but introduced FOSA services in 1993 to meet the increasing demand from the growing membership. 

The SACCO was first licensed by SASRA (Sacco Societies Regulatory Authority) for deposit taking in 2011, being among the first SACCOs to be registered in the country. 

The society is managed by 7 directors and 3 supervisory directors elected directly by the members (shareholders). Currently, they have over 232,000 members derived from all sectors of the economy in the country and an asset base of over KES 6.8 billion. They provide both financial and non-financial needs to their members.

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