About Baba Dogo 25 Traveller's Sacco
Our History
Baba Dogo 25 Travellers Sacco Ltd was founded on December 31, 2010, in response to a government initiative to streamline the public transport sector. This directive aimed to consolidate individual vehicle operators into organized groups and phase out lower-capacity vehicles in favor of higher-capacity ones, fostering a more structured and efficient industry.
Our Mission & Cooperative Principles
Established as a savings and credit cooperative society, our core mission is to promote the economic and social interests of our members. We are committed to the following principles:
- Promoting Thrift and Savings: We provide a secure platform for members to accumulate savings and deposits, creating a reliable source of funds.
- Empowering Members: We offer opportunities for members to improve their economic and social standing through access to credit and financial services.
- Ensuring Financial Safety: Member funds are protected through robust risk management programs and appropriate insurance schemes.
- Providing Financial Education: We continuously educate our members on the proper use of savings, credit, and other financial products to ensure their progress.
- Fostering Social Welfare: We aim to improve the social and cultural standing of our members through social security schemes and welfare initiatives.
- Strategic Cooperation: We collaborate with other cooperative societies to further advance the interests of our membership.
Our Governance Structure
Baba Dogo 25 Travellers Sacco is duly registered under the Cooperative Societies Act 2004 as a society limited by shares. Our operations are guided by this Act, as well as our own Sacco by-laws.
The supreme governing body of our Sacco is the Annual General Meeting (AGM), whose resolutions are implemented by a democratically elected Management Board of nine officials. The Board operates through several key committees, including:
- The Executive Committee
- The Credit Committee
- The Education and Publicity Committee
- The Disciplinary Committee
Day-to-day operations are managed by a team of dedicated employees to whom the Board has delegated specific functions.
Oversight and Integrity
To ensure transparency and accountability, the activities of the Management Board are overseen by a Supervisory Committee. This committee, composed of three members elected during the AGM, performs essential oversight functions, including:
- Evaluating the Society's programs and financial statements.
- Ensuring compliance with the Cooperative Societies Act, Sacco by-laws, and AGM resolutions.
- Conducting regular audits of cash, bank reconciliations, and member passbooks.
- Reviewing loan applications and policies to safeguard member interests.
At Baba Dogo 25 Travellers Sacco, we are built on a foundation of integrity, member-focused service, and sound financial management, dedicated to the sustainable growth and prosperity of our community.
Our Mission
To propagate a system of care, concern and welfare as we enhance confidence among members to greater heights.
Our Vision
To offer quality welfare services to its members and provide a safe haven to the members.