As Username Properties introduced Username Sacco, a new financial division of the business, there was a lot of excitement and hope in the air. Username Sacco is a member-driven financial organization founded to provide Kenyans with easier access to savings, loans and real estate.
Founded on the goal of empowering members through competitive savings plans, affordable loans and creative financial solutions that foster financial independence and growth, Username Sacco is fully licensed and regulated by the Ministry of Co-operatives and MSMEs. Over 100 members have signed up with Username Sacco in the past ten months and the goal is to sign up even more Kenyans seeking to gain access to reasonably priced financial empowerment.
While speaking during the launch of the Sacco, Reuben Kimani, Chairperson of Username Sacco, revealed that “Username Sacco is much more than a financial institution, it’s a community built on the values of financial literacy and empowerment. Our goal is to help ordinary Kenyans turn their dreams into reality by providing affordable and accessible financial solutions that meet their everyday needs.”
The chairperson of the Sacco, Mr. Reuben Kimani, also the members of the Sacco that the Board is totally dedicated to innovation, good governance and prioritizing members. He underlined that Sacco’s efforts to expand prospects for financial inclusion and long-term prosperity will be guided by honesty and openness at every turn.
Username Sacco will provide the following offerings:
- Instant loans: quick and hassle-free credit with no guarantors required.
- Property Loan Packages: enable members to own land with as little as 5% deposit and offer flexible repayment options of up to 36 months.
- Savings Growth: members earn dividends while building equity through the Saccos’ mandatory savings model.
- Diaspora Wezesha loans: designed to empower Kenyans living and working in the diaspora to stay connected to their mother country while building a solid financial future.
While giving her speech, the CEO of Username Sacco, Sarah Wahogo, revealed that “With property loans and other financial products, Username Sacco’s official launch is not only a significant milestone but also a continuing chance to realize the company’s larger Username Properties Vision of empowering more Kenyans and assisting them in realizing their dream of home ownership.”
Sarah emphasized that membership is open to all Kenyans with a valid ID all over the world, which makes the sacco an all-inclusive financial institution for both local and diaspora investors. To become a member, one only needs to pay a one-time registration fee of Kshs. 1000 and a minimum share capital of Kshs. 5000. This creates an affordable entry point for any individual seeking to grow financially and secure their future.
Sarah also revealed that the Username Sacco is an inclusive financial institution for both local and diaspora investors because membership is available to any Kenyan with a valid ID anywhere in the world. Only a one-time registration fee of Kshs. 1000 and a minimum share capital of Kshs. 5000 are required to become a member. This makes it possible for anyone looking to improve their financial situation and secure their future to start at a low cost.
With this inclusive approach, Username Sacco has established itself as a financial inclusion engine, enabling Kenyans from all backgrounds to develop a saving habit, obtain reasonably priced credit and accumulate lasting wealth.
About Username SACCO
Username Sacco is fully licensed and regulated by the Ministry of Co-operatives and MSMEs and is established under the governance and framework of Username Properties Ltd. The Sacco offers its members opportunities to save, invest and access affordable credit with confidence. Username Sacco is fully committed to empowering its members to achieve financial freedom both locally and in the diaspora.
For more information, please contact the Username Sacco Lead, Bernice Njuguna, via sacco@username.co.ke or call 0725 000 680
