Bestrock SACCO recently hosted its highly anticipated Annual General Meeting (AGM), bringing together a distinguished group of business professionals, government officials, and financial partners. The event was graced by the County Executive Committee Member (CECM) for Trade, county officials, representative from Cooperative Bank, the Board of Directors, and Bestrock SACCO staff.
The AGM served as a platform to review the SACCO’s performance, introduce new financial solutions, and discuss strategies to support business owners and entrepreneurs. With the majority of Bestrock SACCO’s members being businesspeople, the discussions centered on how the SACCO can enhance financial access, offer tailored loan products, and invest in digital solutions to improve service delivery.
1. Financial Performance and Growth
The Board of Directors presented the SACCO’s financial report, highlighting significant milestones achieved over the past year:
✔️ Growth in member deposits, reflecting increased trust and engagement from the business community
✔️ Expansion of credit facilities, enabling more entrepreneurs to access financing for business growth
✔️ Technology investments, such as mobile banking, to enhance financial access for members
The strong financial performance reaffirmed Bestrock SACCO’s commitment to empowering businesses and individuals through accessible and affordable financial solutions.
2. Address by the County Executive Committee Member (CECM) for Trade
The presence of the CECM for Trade, Rose Mutuku and other county officials underscored the critical role SACCOs play in driving economic development. Rose Mutuku highlighted:
The county’s commitment to supporting SACCOs as key drivers of financial inclusion and business empowerment
Collaboration opportunities between SACCOs and the county government to create favorable policies for business owners
Encouragement for entrepreneurs to leverage SACCO funding to expand their businesses and boost local economic growth
The county officials pledged to continue partnering with Bestrock Sacco to create a thriving business environment.
3. Strategic Partnerships with Cooperative Bank
Representative from Cooperative Bank, Jacob Munyao, addressed members, emphasizing their partnership with Bestrock Sacco to enhance financial security and business financing. He discussed affordable business financing options, digital banking solutions, and investment opportunities for Sacco members. These partnerships are instrumental in offering members comprehensive financial services, from loans to investment opportunities.
4. Business Loans and Financial Products for Entrepreneurs
With a majority of Bestrock SACCO members being business owners, traders, and investors, the AGM highlighted new and improved loan products tailored for business growth, including:
Working Capital Loans – To help businesses manage cash flow and daily operations
Asset Financing Loans – For acquiring business assets and expanding operations
Diaspora Banking Solutions – Allowing members abroad to invest and manage finances remotely
The SACCO reaffirmed its commitment to providing affordable, flexible financing options that cater to the specific needs of business owners.
5. Technology and Digital Transformation for Financial Inclusion
As part of its digital transformation strategy, Bestrock SACCO has invested in technology-driven solutions to enhance service delivery. The AGM introduced members to:
Mobile Banking and USSD Services – Enabling members to apply for loans, check balances, and make transactions seamlessly.
Online Loan Application Portals – Simplifying access to business financing without the need to visit a branch.
Enhanced Cybersecurity Measures – Ensuring the safety of members’ funds and financial transactions.
The adoption of technology aims to make banking more accessible, especially for business owners with busy schedules.
6. Recognition of Key Stakeholders and Staff
During the AGM, special recognition was given to:
Board of Directors – For their leadership in steering the SACCO towards growth and sustainability.
County Officials and CECM for Trade – For their support and partnership in promoting financial inclusion.
Staff and Management – For their dedication to providing excellent member services.
sacco members -for their loyalty towards sacco growth.
The SACCO leadership reaffirmed its commitment to serving members with integrity, transparency, and innovation.
Looking Ahead: A Future of Growth and Financial Empowerment
The AGM set the stage for Bestrock SACCO’s future growth, with a strong focus on:
✅ Expanding loan offerings to support more businesses
✅ Strengthening partnerships with financial institutions and government entities
✅ Investing in technology to improve service delivery
✅ Enhancing member education programs on financial literacy and business management
Bestrock SACCO is committed to being the financial backbone for businesses, ensuring that entrepreneurs, traders, and professionals have the necessary resources to succeed and thrive in a competitive economy.
Join Bestrock Sacco and Elevate Your Business
As we look ahead, we invite more business professionals to become part of Bestrock SACCO and take advantage of:
Affordable business financing
Innovative digital banking solutions
Strategic partnerships and investment opportunities
Interested in joining? Contact us today or visit our website to learn more!
Together, we build financial success!