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EMU SACCO Board Learns To Do It Better

Leadership is not about titles, status, and wielding power. A leader is anyone who takes responsibility for recognizing the potential in people and ideas, and has the courage to develop that potential. When we dare to lead, we don’t pretend to have the right answers. We stay curious and ask the right questions. We don’t avoid difficult conversations and situations. Daring leadership in a culture defined by scarcity, fear, and uncertainty requires skill-building around traits that are deeply and uniquely human.

One year since the formation of the EMU Sacco, and there was need to take the Board through an exercise on good governance and growth strategies.

The EMU SACCO Board training aimed to build each participant’s overall understanding of their important area of service to members. The training was conducted to build the Board’s skills and knowledge so that they could, in turn, train others.

The training took place in Nanyuki this July. It was led by Richard Murigu and Joseph Gitonga, as trainers, both leaders in the County Coop movement.

The board was challenged to be more critical and to be more innovative. They were guided on how to come up with key growth strategies.

RECCOMENDATIONS

  1. Reach out to the current membership through information and education to ensure they are active and to show that the leadership is listening to member.
  2. Develop a robust monitoring system to monitor the engagement and progress of our members
  3. Develop standard operating procedures
  4. Establish and operationalize functional sub committees in support of key SACCO themes.
  5. Comply with regulations e.g. filling of indemnity forms for the board members.
  6. Reach out to the WRUAs and community/project groups for recruitment of new members
  7. Maximize use of social media and bulk SMS to communicate with the members.
  8. Develop loan products clearly describing each product and the guidelines to get them.
  9. Link-up with county governments and other financial institutions to establish areas of collaboration.
  10. Share the SACCO’s strategic plan with members for their inputs.

We don’t see power as finite and hoard it. We know that power becomes infinite when we share it with others. In this regard the Board members were tasked to each train 20 members of the Sacco on how to improve the Sacco to attain its vision and mission.

EMU Sacco is a saving and loan cooperative established with support from almost 200 members. It works in partnership with MKEWP, and is supported by CORDAID and World Bank – WRG 2030.

 

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