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  • ABOUT MAMA MILELE SACCO

    The MOTTO of Mama Milele SACCO

    The Motto of the SACCO is based on a Bible Verse [Psalms 127:1], which says “UNLESS THE LORD BUILD’S A HOUSE, THE BUILDER LABOURS IN VAIN.”

    • Subsequently, Mama Milele has its foundation in GOD, Almighty.

    Objectives of the SACCO

    1. Promote thrift among its members who are mainly women.

    • The members are afforded an opportunity to accumulate their savings and deposits.
    • Conversely, this creates a source of fund from which loans can be availed to these members without requiring them to have title deeds or other sureties for purposes of providence.
    • These loans are also offered at reasonable and fair interest rates.

    2. Provide an opportunity for members to improve their economic and social conditions.

    3. Strengthen progress of the members by providing continuous education on the proper use of credit.

    • Such education is crucial for ensuring safety and soundness of members’ funds through risk management programme or any other appropriate insurance scheme.

    4. Generate income by engaging in other mechanisms of outsourcing for funds.

    • For example, this entails engaging in viable projects such as profitable horticultural farming.

    Sources of Funds

    1. Monthly contributions from members of the SACCO.

    2. Ploughed back interests.

    • Interest earned from the cash in bank.
    • Interest earned from table banking initiatives.

    3. Reasonable recruitment fees from new members.

    Activities Involved

    1. Savings and Credit

    2. Alternative income generating initiatives such as farming.

    3. Table Banking.

    4. Corporate Social Responsibilities (CSR) Initiatives.

    • Visiting and assisting the sick.
    • Assisting HIV/AIDS orphans and widows.
    • Visiting Orphaned and Vulnerable People (OVPs) such as the terminally ill and older people.

    Strengths of Mama Milele SACCO

    1. The SACCO Partners with relevant government and non-government bodies for enhance social-economic growth.

    • It actively participates in agricultural exhibitions held by the Sub-County offices.

    2. The entity issues loans to its members.

    • In addition to its deposits and ploughed back income, as of the financial year 2025/26, Mama Milele had an external loan buffer limit of Ksh. 2,500,000 availed to its members.
    • The loans are offered on favourable terms, thus, making them ideal for starting small businesses, paying school fees, and for educational purposes. Thus, this contributes to reduced level of illiteracy among its members

    4. Training members on financial literacy.

    • Financial literacy programme promotes sound management and utilization of the acquired funds (loans), thus, improving the rate of repayment (reducing defaulting rate).

    Challenges Faced by Mama Milele SACCO

    1. Inadequate fundings.

    • Nonetheless, this challenge was mitigated by establishing a deal to get an external buffer fund of up to Ksh. 2,500,000. This has helped to caution the challenge.
    • We hope to get more option of financial leverage to help caution the high demand for loans, especially among women in the future.

    2. The SACCO is yet to be connected to vital entities such as women fund.

    • Even as it gains attention of some such as Uwezo Fund, Mama Milele Seeks to gain attention of many other like-minded partner to expand its partnership (assistance) portfolio to attain more tangible outcomes.

    3. Low table banking kitty.

    • We do encourage members to increase their contributions to expand the kitty.
    • Similarly, we also encourage leaders and other national and international partners to assist in any way they could to help expand this important social-economic growth kitty.

  • WHO IS MAMA MILELE?

    Mama Milele Savings and Credit Cooperative Organisation is a young private entity registered in September 2013 and is proud of having approximately 1,000 members. ITS MAIN PURPOSE IS TO PROMOTE AND IMPROVE SOCIAL CONDITIONS OF ITS MEMBERS AND THE SOCIETY AT LARGE. It promotes thrift among members (mostly women) by affording them an opportunity to accumulate their savings and deposits. The model creates a source of funds from which loans can be made available to them without requiring any security guarantees. Also, the loans are offered on better terms such as having reasonable interest rates.