Tag Archive for: Sacco

Safaricom on Wednesday awarded Ekeza Saving and Credit Co-operative Society for being a market leader in Lipa Na Mpesa transactions in the central Kenya region.

Speaking during the award ceremony in Ekeza sacco offices in Thika, Safaricom CEO Bob Collymore said Small  and  Medium  Enterprises  (SMEs)  are  perceived as  an engine of  growth  in  Kenya  yet they are facing formidable  constraints  that  hinder  them  from  realising  their  potential.

“For instance Ekeza Sacco is offering competitive rates in loans and flexible repayments, where Kenyans can realise a dream of owning property in this country. Safaricom will continue to initiate and disseminate new technologies, products, processes and business models that will benefit SMEs,” Bob said.

Safaricom will work closely with Ekeza sacco in its efforts to automate its processes, added Bob Collymore.

Ekeza CEO David Ngare (Pictured) said Safaricom’s Lipa Na Mpesa service has helped the Sacco reached the unbanked population in this country. “Most of our customers do not even have conventional bank accounts, but since we adopted Lipa Na Mpesa we have reached the unbanked population in this country.

Market access still remains a critical constraint to our growth but with the help of Safaricom we have managed to remain competitive,” Ngare said.

Safaricom’s Lipa Na M-PESA has in the recent past overtaken all other means of cashless transactions and emerged as the most preferred method of making payments without cash among customers in Kenya.