CHAIRMANS MESSAGECHAIRMANS MESSAGE

2nd EDUCATION DAY 20102nd EDUCATION DAY 2010..

Dear members, on behalf of the Dear members, on behalf of the

staff and board of the society, I staff and board of the society, I

convey you warm regards.convey you warm regards.

Transforming lives through savings and credit

ABOUT USABOUT USABOUT USABOUT USABOUT USABOUT USABOUT USABOUT US

The name Kimisitu is coined from The name Kimisitu is coined from

the Swahili words (Kilimo na the Swahili words (Kilimo na the Swahili words (Kilimo na the Swahili words (Kilimo na

Misitu) to denote agriculture Misitu) to denote agriculture

and forestry ,the core activities and forestry ,the core activities

of ICRAF, the founder of ICRAF, the founder

organizationorganization..

OUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BONDOUR COMMON BOND

NGO’S Foreign missions

Kimisitu Sacco was formed in 1985 by a group

of staff from ICRAF.

It was formed mainly to

Other international bodies

Embassies

It was formed mainly to promote thrift among its members by affording them an opportunity for accumulating their savings and there by

create a source of funds for borrowing loans.

MEMBERSHIPMEMBERSHIP

�� Kimisitu Sacco is now a Kimisitu Sacco is now a consortium of consortium of 185 185 member member organizations with organizations with 3,830 3,830 membersmembers. . membersmembers. .

��Membership is open to staff of Membership is open to staff of NGO’s, International NGO’s, International Organisations, Embassies and Organisations, Embassies and Missions.Missions.

MEMBERMEMBER

ORGARNIZATIONSORGARNIZATIONS

IDRC INTERNATIONAL DEVELOPMENT RESERCH CENTRE

ICRAF INTERNATIONAL CENTRE FOR RESEARCH IN AGROFORESTRY

AERC AFRICAN ECONOMIC RESEARCH CONSORTIUM

FF FORD FOUNDATION

ATPS AFRICAN TECHNOLOGY POLICY STUDIES

FTC FEED THE CHILDRENFTC FEED THE CHILDREN

SAHC SOUTH AFRICAN HIGH COMMISSION

KIMISITU KIMISITU SACCO SOCIETY

AWF AFRICAN WILDLIFE FOUNDATION

FAWE FORUM FOR AFRICAN WOMEN EDUCATIONALISTS

IEA INSTITUTE OF ECONOMIC AFFAIRS

RF ROCKEFELLER FOUNDATION

CHMP CENTRALE HUMANITAIRE MEDICO-PHARMACEUTIQUE

IUCN INTERNATIONAL UNION FOR CONSERVATION OF NATURE

ACTS AFRICAN CENTRE FOR TECHNOLOGY STUDIES

MNU MAJI NA UFANISI

LILY LILY OF THE VALLEY

FPIA FAMILY PLANNING INTERNATIONAL ASSOCIATION

IIRR INTERNATIONAL INSTITUTE FOR RURAL RECONSTRUCTION

PACT PACT KENYA

IFRC INTERNATIONAL FEDERATION OF THE REDCROSS

PISP PASTORAL INTEGRATED SUPPORT PROGRAMME

PFP PARTNERS FOR PROGRESS

MALTESER MALTESER GERMANY

ACDI VOCA KENYA MAIZE DEVELOPMENT PROGRAMACDI VOCA KENYA MAIZE DEVELOPMENT PROGRAM

COOPI COOPERAZIONE INTERNATIONAL

SDT SUDAN DEVELOPMENT TRUST

MSF H MEDECINS SANS FRONTIERS - HOLLAND

JBIC JAPAN BANK INTERNATIONAL CO

MSF FRANCE MEDECINS SANS FRONTIERS - FRANCE

MSF SPAIN MEDECINS SANS FRONTIERS - SPAIN

MSF SWISS MEDECINS SANS FRONTIERS - SWISS

ABANTU ABANTU FOR DEVELOPMENT

KAVI KENYA AIDS VACCINE INITIATIVE

FOC FRIENDS OF CONSERVATION

WWF WORLD WIDE FUND FOR NATURE

GOAL K GOAL KENYA

GOAL S GOAL SUDAN

VF VESTERGAARD FRANDSEN (EA) LIMITED

CDTF COMMUNITY DEVELOPMENT TRUST FUND

GTZ GERMAN TECHNICAL COOPERATION

ACEG AFRICAN CENTRE FOR ECONOMIC GROWTH

CGD/ICG CENTRE FOR GOVERNANCE AND DEVELOPMENT

EAS&L EAST AFRICA SUPPLY AND LOGISTICS LIMITED

RPK RESOURCE PROJECTS – KENYA

SP SAMARITAN'S PURSE INTERNATIONAL RELIEF

JICA JAPAN INTERNATIONAL COOPERATION AGENCY

JETRO JAPAN EXTERNAL TRADE ORGANISATION

RATN REGIONAL AIDS TRAINING NETWORK

KACP KENYA AIDS CONTROL PROJECT

WINROCK WINROCK INTERNATIONAL

CBM CHRISTOFFEL BLINDEN MISSION

ETC ETC EAST AFRICA LTD

BTA BIOTECHNOLOGY TRUST AFRICA

ATFE AFRICAN TRUST FOR ELEPHANT

IOM INTERNATIONAL ORGANIZATION FOR MIGRATION

WVI WORLD VISION INTERNATIONAL

EGP ELIZABETH GLASER PAEDRITICIAN

KCDF KENYA COMMUNITY DEVELOPMENT FOUNDATION

KWAHO KENYA WATER FOR HEALTH ORGANIZATION

STC USA SAVE THE CHILDREN - USA

UMAP UNIVERSITY OF MISSOURI ASSISTANCE PROGRAMME

SF SHELTER FORUM

STC SWEDEN SAVE THE CHILDREN - SWEDEN

CA UK CHRISTIAN AID - UK

SKILLSHARE SKILLSHARE INTERNATIONAL

EDC EDUCATION DEVELOPMENT CENTER EDC EDUCATION DEVELOPMENT CENTER

AF ALLIANCE FRANCAISE

MSFSPAIN SOMALIA MEDECINS SANS FRONTIERS – SPAIN SOMALIA

ISS INSTITUTE FOR SECURITY STUDIES

FHI FOOD FOR THE HUNGRY INTERNATIONAL

PNOWB-EA PARLIAMENTARY NETWORK ON WORLD BANK - EA

EMACK EDUCATION FOR MARGINALIZED CHILDREN IN KENYA

NPA NORWEGIAN PEOPLE’S AID

WN WORLD NEIGHBOURS

CLI CHIDLIFE INTERNATIONAL

SNV NETHERLANDS DEVELOPMENT ORGANISATION

PSF PHAMACIENS SANS FRONTIERS

HBF HEINRICH BOLL FOUNDATION

CSA CENTER FOR THE STUDY OF ADOLESENCE

STC-UK SAVE THE CHILDREN-UK

ACL ACACIA CONSULTANT LTD

CHF CHF INTERNATIONAL

WVS WORLD VISION SOMALIA

BP BEARING POINT ECA LTD

AFRALTI AFRICAN ADVANCED LEVEL TELECOMMUNICATIONS INSTITUTE

CWSFI CHURCH WORLD SERVECE FILMAID INTERNATONAL

NDI NATIONAL DEMOCRATIC INSTITUTENDI NATIONAL DEMOCRATIC INSTITUTE

PFI PATHFINDER INTERNATIONAL

MSH MANAGEMENT SCIENCE FOR HEALTH

MC MERCY CORPS

PPS PATNERS IN PREVENTION STUDY

GJLOS GOVERNANCE, JUSTICE LAW $ ORDER SECTOR REFORM PROGRAMME

ICS INTERNATIONAL CHILD SUPPORT

COVAW COALITION ON VIOLENCE AGAINST WOMEN KENYA

FHI FAMILY HEALTH INTERNATIONAL

MSK MARIE STOPES KENYA

CCF CHRISTIAN CHILDRENS FUND

PROGRA PROGRAMS FOR A GREEN REVOLUTION IN AFRICA

VSO VSO JITOLEE

DSW GERMAN FOUNDATION FOR WORLD POPULATION

CEFA EUROPEAN COMMITTEE FOR TRAINING AND AGRICULTURE

TECH TECHNOSERVE KENYA

ESF ENVIROMENTALISTES SANS FRONTIERES

TF TEARFUND

ISR ISLAMIC RELIEF SOMALIA

KHDP KENYA HORTICULTURAL DEVELOPMENT PROGRAM

MSFF SOMALIA MEDECINS SANS FRONTIERS - FRANCE SOMALIA PROGRAMMSFF SOMALIA MEDECINS SANS FRONTIERS - FRANCE SOMALIA PROGRAM

SOS SOS CHILDRENS VILLAGES KENYA

SOLI SOLIDARITES

AMWIK ASSOCIATION OF MEDIA WOMEN IN KENYA

SLC AMERICAN CENTER FOR INTERNATIONAL LABOR SOLIDARITY CENTRE

STT STRATOS GLOBAL/XANTIC SOLUTIONS

SNT SARAH NETWORKS

ICAP CENTERS FOR INTERNATIONAL PROGRAMS(KENYA)

URAIA KENYAS NATIONAL CIVIL EDUCATION PROGRAMME

ACK-D A.C.K DAYLOVE CHILDRENS PROJECT

NARESA NETWORK OF AIDS RESEARCHERS IN E & S. AFRICA

KERA KENYA RAINWATER ASSOCIATION

RETAP RENEWABLE ENERGY TECHNOLOGY ASSISTANCE PROGRAMME

IFAW INTERNATIONAL FUND FOR ANIMAL WELFARE

AHC AUSTRALIAN HIGH COMMISSION

KAPTLD KENYA ASSOCIATION FOR PREVENTION OF TUBERCULOSIS & LUNG DISEASES

AFSC AMERICAN FRIENDS SERVICE COMMITTEE

CAPI CHANGE AGENTS FOR PEACE INTERNATIONAL

AFEW AFEW KENYA LIMITED

VSF G VETERINAIRES SANS FRONTIERES GERMANVSF G VETERINAIRES SANS FRONTIERES GERMAN

ACWICT AFRICAN CENTRE FOR WOMEN AND ICT

ILRI INTERNATIONAL LIVESTOCK RESEARCH INSTITUTE

HR HORN RELIEF

IPAS IPAS AFRICA ALLIANCE

MI MAPENDO INTERNATIONAL

IHI INTRAHEALTH INTERNATIONAL

INTRP INTERPEACE

PATH PROGRAM FOR APPROPRIATE TECHNOLOGY IN HEALTH

AATF AFRICAN AGRICALTURAL TECHNOLOGY FOUNDATION

MPIDOMAINYOTO PASTORALIST INTERGRATED DEVELOPMENT

ORGANIZATION

HP HEWLETT-PACKARD

ARRF AFRICAN RESEARCH AND RESOURCES FORUM

CMD CENTRE FOR MULTIPATY DEMOCRACY KENYA

OER OPEN EDUCATION RESOURCES AFRICA

AGMK AGRICULTURAL MARKET DEVELOPMENT TRUST

PPSK PARTNERS IN PREVENTION STUDY KENYATTA

NAV NATIONAL VOLUNTEER NETWORK

EAAG EASTAFRICA ASSOCIATION OF GRANTS MAKERS

CNHR CONSORTIUM FOR NATIONAL HEALTH RESEARCH

AKF AGA KHAN FOUNDATION

ICLA I CHOOSE LIFE AFRICA

GFSI GREEN FOREST SOCIAL INVESTMENTS TRUST

COPA COALITION FOR PEACE IN AFRICA

DRC DANISH REFUGEE COUNCIL

CGA CEREAL GROWERS ASSOCIATION

AUF AKIBA UHAKI FOUNDATION

SPAI SPA INFOSUV EAST AFRICA LTD

UFA UZIMA FOUNDATION AFRICA

SPAI SPA INFOSUV EAST AFRICA LTD

UFA UZIMA FOUNDATION AFRICA

EATEC E-AITEC LTD

IBAR INTERNATIONAL BUREAU FOR ANIMAL RESOURCES

CIDA CANADIAN COOPERATION OFFICE

BAUM BERTOLLI & ASSOCIATES UNIVERSITY OF MARYLAND

AIK AMNESTY INTERNATIONAL KENYA

SHCF SUSTAINABLE HEALTHCARE FOUNDATION

ICG INTERNATIONAL CRISIS GROUP

INN INTERNEWS NETWORK

KARI UNITED STATES AGENCY FOR INTERNATIONAL DEV.(KARI)

AET AFRICA EDUCATIONAL TRUST

YAK YOUTH ALIVE KENYA

RETEA RENTWORKS EAST AFRICA LTD

FHEA FRED HOLLOWS EAST AFRICA

GRACEA GRASSROOTS ALLIANCE FOR COMMUNITY EDUCATION

CGP COMPUTECH GROUP

DETK DETTAR KENYA

RORBC REGIONAL ORGANIZATION ON RESOURCE BASED CONFLICTS

ATL AIRTRAFFIC LTD

TML TAYLOR MATTHEWS LTD

KISM KENYA INSTITUTE OF SUPPLIES MANAGEMENT

VSFB VETERENARIRES SANS FRONTIER BELGIUM

QTK QUINTILES TRANSNATIONAL KENYA

CFK CAROLINA FOR KIBERA

CLARI CENTER FOR LAW AND RESEARCH INTERNATIONAL

ACRL AFRICAN COUNCIL OF RELIGIOUS LEADERS

LC LIAISON CONSULTING

EAFF EASTERN AFRICA FARMERS FEDERATION

182 CHAI CLINTON HEALTH ACCESS INITIATIVE

183 WSUP WATER AND SANITATION FOR THE URBAN POOR

184 CC CARANA CORPORATION

185 FTRL FIT RESOURCES LTD

186 COWO CONCERN WORLDWIDE

187 PC POPULATION COUNCIL

188 MUS MERCY USA FOR AIDS AND DEVELOPMENT

OUR OBJECTIVEOUR OBJECTIVE

�� The society was formed mainly to promote The society was formed mainly to promote

thrift among its members by affording them thrift among its members by affording them

an opportunity for accumulating their an opportunity for accumulating their an opportunity for accumulating their an opportunity for accumulating their

savings and thereby create a source of savings and thereby create a source of

funds from which loans can be made to funds from which loans can be made to

them exclusively for provident and them exclusively for provident and

productive purposes, at fair and reasonable productive purposes, at fair and reasonable

rates of interest.rates of interest.

VISION AND MISSIONVISION AND MISSION

VisionVisionTo be the leading and dynamic Sacco in East and Central To be the leading and dynamic Sacco in East and Central Africa by providing a one stop shop for a diversity of quality Africa by providing a one stop shop for a diversity of quality products and services to the members through maximum and products and services to the members through maximum and prudent utilization of resources.prudent utilization of resources.prudent utilization of resources.prudent utilization of resources.

MissionMission�� To promote savingsTo promote savings

�� To extend affordable creditTo extend affordable credit

�� CoCo--operating out of poverty (COOP) by assuring safety of operating out of poverty (COOP) by assuring safety of Members’ savings, convenience and good returns thereby Members’ savings, convenience and good returns thereby building an economically empowered community in the cobuilding an economically empowered community in the co--operative spirit.operative spirit.

OUR CORE VALUESOUR CORE VALUES

��Integrity Integrity ��EqualityEquality

��Equity Equity

��RespectRespect

��Honesty Honesty

��DedicationDedication

&

OUR NEW LOCATIONOUR NEW LOCATION

Kimisitu Sacco Society Ltd relocated Kimisitu Sacco Society Ltd relocated

from Utumishi Cofrom Utumishi Co--op House (1st Floor)op House (1st Floor)

Mamlaka Rd off Nyerere Road to our Mamlaka Rd off Nyerere Road to our Mamlaka Rd off Nyerere Road to our Mamlaka Rd off Nyerere Road to our

own building along Woodlands Road own building along Woodlands Road

,off Lenana Road, Kilimani,off Lenana Road, Kilimani ..

OFFICE CONTACTSOFFICE CONTACTS

The office can be reached on the contacts The office can be reached on the contacts below:below:

EE--mail : mail : manager@kimisitusacco.or.kemanager@kimisitusacco.or.ke,,EE--mail : mail : manager@kimisitusacco.or.kemanager@kimisitusacco.or.ke,,admin@kimisitusacco.or.ke,loans@kimisitusadmin@kimisitusacco.or.ke,loans@kimisitusacco.or.keacco.or.ke

Telephone: 020 2733601/3Telephone: 020 2733601/3

Mobile: 0724Mobile: 0724--310626310626

Fax : 020 2733598 Fax : 020 2733598

COMMITTEE MEMBERSCOMMITTEE MEMBERS

�� Kennedy Auka Kennedy Auka -- Hon. ChairmanHon. Chairman

�� Pamela Mokaya Pamela Mokaya -- Hon. Vice ChairHon. Vice Chair

�� James Wagura James Wagura -- Hon. TreasurerHon. Treasurer

�� Elizabeth Kariuki Elizabeth Kariuki -- Hon. SecretaryHon. Secretary

�� Janerose Mwangi Janerose Mwangi -- Chairperson, Credit CommitteeChairperson, Credit Committee�� Janerose Mwangi Janerose Mwangi -- Chairperson, Credit CommitteeChairperson, Credit Committee

�� Florence Waiyaki Florence Waiyaki -- Secretary, Credit CommitteeSecretary, Credit Committee

�� Steve Nyambuka Steve Nyambuka -- Member, Credit CommitteeMember, Credit Committee

�� Florence Oile Florence Oile -- Secretary ,Education Committee Secretary ,Education Committee

�� Laban Musundi Laban Musundi -- Member, Education Committee Member, Education Committee

�� Collins Bonyo Collins Bonyo -- Chairman, Supervisory CommitteeChairman, Supervisory Committee

�� Paul NgeiPaul Ngei -- Member, Supervisory CommitteeMember, Supervisory Committee

�� Edith Karanja Edith Karanja -- Secretary, Supervisory CommitteeSecretary, Supervisory Committee

STAFFSTAFF

�� Angela Nyanjong’Angela Nyanjong’ -- ManagerManager

�� Catherine Odhiambo Catherine Odhiambo -- Loans OfficerLoans Officer

�� Eve Magu Eve Magu -- Marketing OfficerMarketing Officer

�� Joshua Kamwere Joshua Kamwere -- Assistant Internal Auditor Assistant Internal Auditor �� Joshua Kamwere Joshua Kamwere -- Assistant Internal Auditor Assistant Internal Auditor

�� Charity Muthoni Charity Muthoni -- Assistant AccountantAssistant Accountant

�� Lilian MochamaLilian Mochama -- Administrative AssistantAdministrative Assistant

�� Catherine MbuguaCatherine Mbugua -- Loans AssistantLoans Assistant

�� Nancy MugohNancy Mugoh -- Loans AssistantLoans Assistant

�� Jotham OpiyoJotham Opiyo -- Office AssistantOffice Assistant

STATISTICALSTATISTICAL

INFORMATIONINFORMATION

�� The highest individual savings is The highest individual savings is

Kshs.3,654,000 as at 31Kshs.3,654,000 as at 31stst May 2010May 2010

�� The highest loan which can be given to an The highest loan which can be given to an

individual is Kshs.5,000,000individual is Kshs.5,000,000individual is Kshs.5,000,000individual is Kshs.5,000,000

�� Total loans outstanding as at 31Total loans outstanding as at 31stst May 2010 May 2010

was Kshs.860 millionwas Kshs.860 million

�� Total members’ savings as at 31Total members’ savings as at 31stst May May

2010 was kshs. 897 million2010 was kshs. 897 million

OUR PERFORMANCEOUR PERFORMANCE

CONT’DCONT’D

STRATEGIC OBJECTIVESSTRATEGIC OBJECTIVES

�� To attain 40% annual growth in turnover from Kshs 22 million in To attain 40% annual growth in turnover from Kshs 22 million in 2005 to Kshs 85 million by the year 2010.2005 to Kshs 85 million by the year 2010.

�� To attain and maintain a return on members’ deposits of 10% by To attain and maintain a return on members’ deposits of 10% by the year 2010.the year 2010.

�� To develop 5 new products or repackage existing ones by the year To develop 5 new products or repackage existing ones by the year �� To develop 5 new products or repackage existing ones by the year To develop 5 new products or repackage existing ones by the year 2010.2010.

�� To have a fully integrated Information and Communications To have a fully integrated Information and Communications Technology (ICT) system by the year 2010.Technology (ICT) system by the year 2010.

�� To minimize the default rate to less than 1% of outstanding loans.To minimize the default rate to less than 1% of outstanding loans.

�� To develop, document and ensure compliance to all operational To develop, document and ensure compliance to all operational policies.policies.

ACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESSACTIVITIES IN PROGRESS

�� Registration of an Investment Company Registration of an Investment Company

�� Review of the Strategic Plan 2011Review of the Strategic Plan 2011--20152015�� Review of the Strategic Plan 2011Review of the Strategic Plan 2011--20152015

�� Launch of our new website to enable members Launch of our new website to enable members view statements onlineview statements online

�� Launch of our newsletter in May 2010Launch of our newsletter in May 2010

Transforming lives through savings and credit

KIMISITU INVESTMENT KIMISITU INVESTMENT

COMPANYCOMPANY

�� During this year’s AGM members resolved to form During this year’s AGM members resolved to form

an investment company with an aim of pooling an investment company with an aim of pooling

resources to help members ,take advantage of resources to help members ,take advantage of

investment opportunities such as in real estate.investment opportunities such as in real estate.

�� The main object of the company will be to The main object of the company will be to

undertake financial, commercial and other undertake financial, commercial and other

operations on its own behalf or on behalf of its operations on its own behalf or on behalf of its

shareholders.shareholders.

�� The authorized share capital is Kshs 500 million The authorized share capital is Kshs 500 million

and each shareholder will hold a minimum of Kshs and each shareholder will hold a minimum of Kshs

100,000.100,000.

THANK YOU.THANK YOU.

Transforming lives through savings and credit