1. IS KMA SACCO RELEVANT AND VALUE ADDING TO TODAY’S DOCTOR?
Dr. Boniface M. Mativa
KMA SACCO Chairman

2. The comparative uniqueness of SACCO…
COMPARISON PARAMETER
BANK
As a cooperative society
Registration
As a limited company
Members
Ownership
Shareholders (owners of capital)
Members/owners
Customer/Borrower
Non-owners (Open)
Member savings/Borrowed from banks
Source of liquidity
Borrowed from cheaper sources/Non-owner savers
From among members
Governance
From owners of capital
Under the Co-operatives Act
Regulation
Under the banking Act
Returns to members
Profit beneficiaries
Paid out to owners of capital
Lower, determined by source of financing.
Cost of Credit
Market driven to optimize return to investors (Customer the milking cow)
Nominal, non-variable, below market
Transaction costs
Variable and significantly higher

4. Value delivery model of SACCO…
RETIREMENT BENEFITS
INVESTMENT OPTIONS
HOUSING
KMA SACCO LTD
SAVINGS OPTIONS
LAST EXPENSE
ACCESS TO CREDIT
INSURANCE SOLUTIONS

5. Growing the pie… Increased membership. Patronage and product uptake.
Loyalty through regular savings and extra.
Loyalty through diligent loan repayment.
Participation in value creation through constructive feedback.
Participation in governance – AGM attendance, vie for board position, give improvement ideas and suggest new products and services.
Participation in SACCO activities – SACCO education activities.

6. Karibuni…