Vision Afrika Sacco, formerly known as Gilgil Sacco, is a savings and credit cooperative society that has grown into one of Kenya’s largest deposit-taking Saccos. Registered on November 22, 2004, under CS No. 10624, the Sacco was established by a pioneering group of traders in Gilgil. These individuals aimed to create a platform where members could pool resources and access loans at affordable rates, providing an alternative to exploitative shylocks and financial institutions.
Initially serving traders, farmers, Juakali artisans, transporters, bodaboda operators, and employees in Gilgil, the Sacco has since expanded its reach. On December 23, 2010, the Sacco rebranded to Vision Afrika Sacco, after amending its by-laws to cover Nakuru and Nyandarua counties as part of its growth strategy. With an asset base of Kshs 0.67 billion, Vision Afrika Sacco has established itself as a key financial institution in Kenya.
Vision Afrika Sacco Products and Services
Vision Afrika Sacco offers a variety of financial products and services to meet the needs of its members, including:
1. FOSA (Front Office Service Activity) Products
- Instant Credit: Immediate loan facilities.
- Salary Advance: Loans against an individual’s salary.
- Salary in Advance: Accessible credit based on future salaries.
2. BOSA (Back Office Service Activity) Products
- Karibu Sacco Loan: A welcome loan for new members.
- Emergency Loan: For urgent financial needs.
- Kikundi Loan: Group-based loan product.
- Okoa Jahazi Loan: A lifeline loan for members in financial distress.
- Kilimo Biashara: Targeted loans for agricultural businesses.
- School Fees/College Loan: Financial assistance for education.
- Asset Financing: Loans for purchasing assets like vehicles or equipment.
- Landlord/Mjengo Loan: Construction loans for landlords and developers.
- Pamoja Loan: A group-based loan facility.
- Prime FOSA Loan: A premium loan for members.
3. Asset Finance
This product is designed to help Sacco members acquire various assets such as lorries, buses, commercial or private vehicles, tractors, or tuk-tuks.
4. Savings Account Products
- Ordinary Savings Account: A regular savings account.
- Group Savings Account: Designed for groups looking to save collectively.
- Fixed Deposit Account: A high-interest account for long-term savers.
- Toto Junior Savings Account: A savings product for children.
- Student Account: Tailored for students.
- Holiday Account: Designed for those saving for holidays or vacations.
5. Housing Finance Products
These products cater to members seeking loans for housing and construction needs.
6. Agribusiness Products
- Dairy Enterprise Loan: Focused on dairy farming enterprises.
- Mazao Bora Loan: For agricultural improvements and expansion.
- Mazingira Bora Loan: For eco-friendly farming practices.
List Of Vision Afrika Sacco Branches In Kenya
Vision Afrika Sacco operates several branches across the country to serve its expanding membership base. Below is a list of its branches:
1. Head Office/Nakuru Branch
- Location: Rajdeep House, Opposite Generation House, Kenyatta Avenue, Nakuru.
- Contact: 0728 075 075.
- Email: info@visionafrikasacco.co.ke.
2. Naivasha Branch
- Location: Mama Ngina Street, Naivasha.
- Contact: 0716 291 550.
3. Gilgil Branch
- Location: Gilgil Imani House, Along Kenyatta Avenue, Gilgil.
- Contact: 0716 291 517.
4. Molo Branch
- Location: Generation House, Opposite Kamusi Plaza, Molo.
- Contact: 0743 124 415.
Conclusion
Vision Afrika Sacco’s journey from a small group of traders in Gilgil to one of the largest deposit-taking Saccos in Kenya is a testament to the power of community-driven financial institutions. With branches in key locations and a wide range of products and services, Vision Afrika Sacco continues to play a pivotal role in empowering its members and supporting their financial goals. Whether you are looking for savings solutions, affordable loans, or asset financing, Vision Afrika Sacco is well-positioned to meet the needs of its diverse membership.
