REES - Rachuonyo East Entrepreneur Sacco

Mandate and Activities of the SACCO

Article 4 of the Registered REES SACCO By-Laws stipulates that objectives and core mandates of the SACCO. The draft Strategic Plan of the SACCO has identified the following key result areas as forming critical components of programming themes, hence main activity areas:

Marketing & promotion of products and services

Develop a marketing plan
Improve on the marketing strategy
Advertising/ - Use of radio (media), newsletters, brochures
Market survey/intelligence
Promotion – open days, T-shirts, calendars, exhibitions
Recruit marketers

Policies and procedures

Dividend (Focus on dividend payment -have a plan in place for dividends, Capitalize % for growth), credit, and investment policy
Review of service charter, by laws
Develop disaster management/HIV-AIDS policy

Product Innovation and Development

Introduce and improve on the products provided
Come up with products that meet the market
Product segmentation to suit various clientele

Membership mobilization

Have a recruitment plan in place
Provide a budget for member recruitment, education and trainings
Provide commission for recruitment (using sales agents)

Education and training

Training of members, board and staf
Provide for brochures and newsletters
Training of staff on ICT
Internalizing of the strategic plan, manuals and policies

Technological Advancement

Acquire a SACCO Management Software that tracks and reports on key result areas in real-time
Digital transformation initiatives
Innovation and research growth

Human Resource Development and Institutional Strengthening

Capacity building and training programs
Strategic leadership and management enhancement
Policy development and implementation support

Financial Growth and Sustainability

Financial budgeting
Profitability
Quarterly financial plans and reports

Services