Muramati Sacco: A brief profile and high lights
Muramati was registered and licenced in 1993 under the co-operative societties act with an objective of pooling funds from members for onward lending at affordable rates. The sacco opened its first FOSA in 1997 and has grown to 12 branches and several mobile out lets.Innitially, the ownership of the sacco was restricted to members from the larger Murang'a, Maragwa and Thika districts but has since changed the by-laws to incorporate all kenyans. The society uses a centralized system of governance with the supreme authority vested upon members through the delegate system of governance. PKF are the external auditors. This year, they won the prestigious FIRE awards 2010 in the sacco category, the first sacco to win this proffessional acclaimed award in Kenya.
Interstingly, it was their first time to vie/enter for the awards. They have consistently been voted the best managed sacco in various awards.
The sacco intends to open more branches accross the country.
If on wishes to

seems CMA has not authorised the sale of its shares, as per paid advert in todays nation.

@all.....CMA does NOT regulate private placements.

Hmmmm...so how come noone spoke up when Deacons and I&M Bank were doing their private placements? Confusing.

Another Equity in the making.There format is like that of Equity n Family.So grab the chance to be part of it.