About ALARMS SACCO
Dedicated to fostering financial empowerment and stability within our community since 1990.
Scroll Down
Who We Are: Our Journey & Commitment
ALARMS SACCO has grown into a thriving institution, committed to providing accessible and beneficial financial solutions to our members.
Established in 1990 and later registered and licensed as a SACCO under the Co-operative Societies Act in 1994, ALARM SACCO emerged from a shared vision to create a financial institution that genuinely serves its members and contributes to community development. We initially derived membership from Factory Guards and Security Guards Company, and have since expanded to include recruitment from a wider catchment area, including EPZ, Contracted Companies, and other Security Companies.
Our journey has been marked by continuous learning, adaptation, and an unwavering commitment to our founding principles. We understand the unique financial needs of our community and strive to offer products and services that are not just competitive, but truly empowering. The primary objective for which our society was established is to organize and promote the welfare and economic interests of its members.
We are more than just a financial service provider; we are a community-driven organization that believes in the power of collective effort. Every member's success is our success, and we are dedicated to building long-lasting relationships based on trust, transparency, and mutual respect.
Our commitment extends beyond financial services. We actively participate in community development initiatives, fostering entrepreneurship, education, and social well-being. We believe that a strong community is built on the financial stability of its members, and we are proud to play a vital role in achieving that.
Join us on this journey of shared prosperity. Together, we can build a stronger financial future for everyone.
Our Mission & Vision
Guiding our path forward with clear objectives and a commitment to our members' prosperity.
Our Mission
To mobilize savings, offer quality financial services and leadership for the benefit of all members.
Our Vision
To be a SACCO of choice for members' financial needs.
Our Core Values
Our operations are built on a foundation of strong principles that ensure mutual growth and trust.
Team Work
Fostering collaboration and mutual support among members and staff to achieve shared goals.
Equality
Treating all members fairly and providing equal opportunities for financial growth.
Quality Service Delivery
Commitment to providing high-standard, efficient, and reliable financial services.
Transparency
Ensuring clear and open communication in all our processes and financial reporting.
Accountability
Taking responsibility for our actions and decisions, upholding trust with our members.
Respect
Valuing every individual and fostering an environment of mutual respect and dignity.
Board of Directors
Our Board of Directors provides strategic leadership and oversight, ensuring the SACCO operates with integrity and serves the best interests of its members.
Bynito Ben
Chief Executive Officer
Leads the day-to-day management and execution of the SACCO's strategic objectives.
Milton Mukhutsi
Chairman
Leads the Board in setting strategic goals and overseeing the SACCO's overall performance.
Nicholas Omondi
Hon. Secretary
Responsible for maintaining official records and ensuring proper communication within the Board and with members.Our Management Team
Our dedicated management team ensures the smooth day-to-day operations and strategic execution of ALARM SACCO's objectives.
Kefa Magare
Credit
Manages the SACCO's credit portfolio, assesses creditworthiness, and ensures healthy loan repayment.
Avogadross Barasa
Treasurer
Manages the SACCO's financial affairs, ensuring sound financial health and compliance.
Nyandusi Nyongoina
Credit Chairman
Oversees the credit committee, ensuring fair and efficient loan application and approval processes.Our Departments
ALARM SACCO is structured into key departments to ensure efficient and specialized service delivery to our members.
Member Services Department
Handling all member inquiries, account opening, and general support to ensure a seamless experience.
Loans Department
Specializing in loan processing, appraisal, and disbursement, as well as providing advisory services on loan products.
Finance & Accounts Department
Responsible for financial management, reporting, budgeting, and ensuring the fiscal health of the SACCO.
ICT Department
Managing the SACCO's technology infrastructure, digital platforms, and ensuring data security and system efficiency.
Compliance & Risk Department
Ensuring adherence to regulatory requirements and implementing risk management strategies to protect member interests.
Marketing & Business Development
Focusing on SACCO growth, member recruitment, and developing new products and services to meet evolving needs.
SACCO Performance and Growth
ALARMS SACCO has demonstrated consistent growth and financial resilience, a testament to prudent management and strong member support.
A Decade of Progress
Since its establishment in 1990, ALARMS SACCO has achieved significant milestones, reflecting a strong commitment to its members' financial prosperity. Our asset base has grown steadily, solidifying our position as a stable and reliable financial partner in the region.
Membership Overview
- Active Members: 1242
- Dormant Members: 79
- Awaiting Withdrawal: 126
- Withdrawn Members: 516
- Total Male Members: 1316
- Total Female Members: 192
Loan Portfolio Snapshot (Back Office)
- Normal Loans: 1099
- Emergency Loans: 3007
- School Fees Loans: 2275
- Short Item Loans: 1126
- Long Item Loans: 337
- Instant Loans: 13758
- Special/Other Item Loans: 5449
Member deposits have seen an impressive annual growth, indicating increasing trust and confidence in our services. This growth enables us to provide more robust loan facilities and diversified investment opportunities for our members.
Our loan portfolio continues to expand responsibly, with a healthy repayment rate reflecting the financial literacy and discipline of our members. We are proud to have facilitated thousands of personal, business, and development loans, directly contributing to economic empowerment within our community.
Future Outlook
Looking ahead, ALARMS SACCO is committed to leveraging technology to enhance member experience, expand outreach, and introduce innovative digital financial solutions. We aim to increase our member base and launch specialized loan products tailored to emerging market needs.
Our strategic plan focuses on sustainable growth, operational efficiency, and deepening our community impact. We are investing in staff development and robust IT infrastructure to ensure we remain at the forefront of the SACCO sector, delivering unparalleled value to every member.