Concorde Sacco was registered in the year 1978 as a SACCO whose members are drawn from various airlines, travel agencies and other travel related organizations, such as various International airlines operating in Kenya. Its offices are situated at the 3rd floor of Centenary House in Westlands, Nairobi Kenya.As at 31st August 2013 membership was 1455 members drown from Twelve (12) Airlines, Ninety four (94) Travel Agencies and Ten (10) handling companies. Share capital was Three Hundred and Eighty million (380 million) and loans granted to members was Three hundred and Seventy one million (371 million).
The Sacco is governed by 9 elected officials and a supervisory committee that consists of 3 members. The operations of the Sacco are conducted by 5 staff members who are headed by a Chief Executive Officer. The Board is responsible for hiring, appraisal and dismissal of staff. However, the board is not involved in the day to day loan appraisal process which is currently being done by staff. Board members approve and also ratify loans after they have been disbursed.
The Society’s main aim is to promote the economic interests of members by encouraging thrift through the mobilization of deposits, savings and investments. Concorde Sacco is one of the well recognized Saccos in Kenya. The Society collaborates with such organizations as the Co-operative Bank of Kenya, KUSCCO and the Co-operative Insurance Company.
Concorde SACCO has its objectives
a) To promote the economic interest of its members in accordance with the co-operative principles, and in particular;
b) To promote thrift among its members by affording them an opportunity for accumulating their savings, and to create thereby, a source from which loans can be made to them exclusively, at a fair and reasonable rates of interest, and to provide the opportunity to use and control their money for their mutual benefit.
c) To raise funds by accepting deposits and by contracting for loans from members and non-members upto a maximum amount fixed by the general meeting.
d) To lend money to members for any purpose directly concerned with their economic development on such terms and with such surety as shall be provided by the society’s policies and procedures set by management committee and approved by the general members and guided by the society’s financial capacity.
e) Do all such things, as are incidental to or necessary for the attainment of any or all foregoing objects for the society.
Vision
To be a World Class financial Institution
Mission
To empower members through savings, credit and investment opportunities to enable them achieve financial independence.
Motto
Secure your financial freedom with us
Concorde Sacco Core Values
- Reliable
- Innovative
- Caring
- Effective
Contacts
Physical Address: Westlands, Nairobi
P.o Box:
Tel: 0204446639
City: Nairobi
E-mail: info@concordesacco.ccom
Web: http://www.concordesacco.com/
Concorde Sacco