Baraka Yetu Sacco Champions Financial Empowerment and Technological Growth
Baraka Yetu Saccco Members and CEO pose for a photo during the Members Sensitization and training workshop in Nairobi.
Nairobi, Kenya 6,October, 2025– Baraka Yetu Sacco has reaffirmed its commitment to empowering members through financial education and innovation aimed at boosting savings and investment.
Speaking during a members’ engagement event, Nelly Mitoko, the Sacco’s Finance Officer, said the institution is keen on helping members diversify their investments and strengthen the Sacco’s financial base through increased deposits and share capital.
“We want to empower our members on how to diversify their investments so that they can support our Sacco by giving us more deposits,” Mitoko explained. “This will ensure that our Sacco remains stable and continues to grow.”
Despite challenges such as loan defaults, Mitoko emphasized that Baraka Yetu Sacco remains financially sound and proactive in addressing credit risks. “We have faced challenges with high default rates, but we always encourage our members not to run away from their debts. Instead, they should seek financial advice from our officers to manage repayment,” she said. The Sacco has also engaged debt collectors to follow up with defaulters, ensuring accountability and sustained liquidity.
On the question of mergers within the cooperative sector, Mitoko clarified that Baraka Yetu Sacco remains independent and unaffected. “Our Sacco is stable, and we have no intention of merging with others. Our focus is on strengthening our capital base through mobilization of deposits and share capital,” she stated.
Mitoko further challenged Kenyans to consider investing in Saccos, terming them more stable and affordable compared to commercial banks. “Nowadays, Saccos are more stable than banks, and our interest rates are pocket-friendly. I encourage Kenyans to join and invest in a Sacco that aligns with their needs,” she said.
Baraka Yetu Sacco is targeting to grow its asset base to half a billion shillings, a goal Mitoko believes is within reach. “We are almost there,” she noted, adding that the Sacco recently hosted a breakfast meeting with members to encourage increased savings and investments.
In recognition of its strong capitalization, Baraka Yetu Sacco was recently awarded Best Sacco in Capitalization during this year’s Shirika Day celebrations. Mitoko also highlighted the Sacco’s investment in technology, allowing members to make deposits, apply for loans, and manage their accounts through a mobile app.
“Our members can now recruit new members and repay loans online, making our services more accessible,” she said. The Sacco has also rolled out e-loans and development loans to enhance member convenience and support economic growth.
Small-Scale Traders Thrive Through Baraka Yetu Sacco Support
Across Kenya, small-scale traders are finding new hope and stability through Baraka Yetu Sacco, a cooperative that has become a trusted financial partner for many informal business owners. For these traders, joining the Sacco has not only opened access to affordable credit but also provided financial education and a platform for sustainable growth.
Many members narrate how they began with small businesses — from kiosks and tailoring shops to grocery stalls — and struggled to access loans from banks due to lack of collateral. Through Baraka Yetu Sacco, they found an inclusive system that values trust, savings, and mutual support.
For these traders, Baraka Yetu Sacco is more than just a financial institution; it is a community of empowerment. By promoting savings, encouraging resilience, and supporting innovation, the Sacco continues to uplift small-scale entrepreneurs and help them realize their dreams of financial independence.
Today, many members proudly testify that their businesses have grown, their families are more secure, and they have gained confidence to plan for the future all thanks to the solid foundation and supportive network provided by Baraka Yetu Sacco.
Baraka Yetu Sacco continues to stand out as a model for sustainable cooperative growth in Kenya with its financial foundation and a clear focus on digital transformation.
