The Vice Chairperson at Mombo Sacco speaks about their Key Milestones since 2015

Nairobi, Kenya – April 21, 2018 – Since its inception about four years ago, the goal of Mombo Sacco has been to deliver high-end financial solutions to its diverse clients, and their efforts are paying off. The company has been at the forefront of availing bespoke solutions that meet the ever-changing needs of today’s consumers. Their commitment to superior services and customer satisfaction has seen them rise to the apex as the go-to provider of all financial solutions, including saving, borrowing, and investment.

“We know the value of a happy client – they will not only recommend us to people around their circles but will also always come back for more,” says Joyce Nduta. “For this reason, we strive to deliver on all promises. You can count on our word when we say our financial solutions come second to none. Besides, we take it a notch higher, and make it convenient for you – now, you can save, invest and even borrow on the go through our highly interactive mobile loan app, Mombo App. What more can you ask for from a financial institution?”

Here are the Key Milestones of Mombo Sacco:

1. Membership: The Sacco’s membership has grown, from 20 at the close of the first financial year in 2015, to 39 at the close of the second financial year in 2016. In 2017, the number raised to 77. Currently, Mombo Sacco has 90 members and plans to double this number by the end of this financial year.

2. Financial Status: The total member savings is at Kshs. 10,343,053, and the purchased share capital is Kshs. 735,230. Loans issued to members stands at a total of Kshs. 20,630,500.

3. Committee Members: Mombo Sacco now has a team of 10 elected individuals who serve as the Management and Supervisory Committee. These members will work with the Interim Committee to take the company to the next level.

“Our commitment to efficient and reliable solutions remains steady, adds Joyce Nduta. “We have and will always issue loans against member’s savings at competitive rates. Clients appreciate our incredible turnaround times on loan disbursements, which are sometimes as fast as within 20 minutes.”

About Mombo Sacco

Mombo Sacco is a registered Sacco in Kenya – (BOSA Sacco) that is taking the industry by storm. It was founded in 2015 and offers competitive financial products online and through their all-inclusive Mombo mobile App, to suit the modern-day lifestyle.