The Evolution of Soyosoyo SACCO

Soyosoyo SACCO boasts a rich history, beginning its journey on July 15, 1998, as SOYOSOYO MEDICARE CO-OPERATIVE SAVINGS & CREDIT SOCIETY. Its initial, heartwarming mission was to pool funds and provide affordable credit, primarily to help members cover their families' medical bills.

As the fund grew significantly, the SACCO's vision expanded beyond healthcare. It began to support members in financing their children's education, demonstrating its adaptability and commitment to community needs.

However, with its membership spreading across various parts of the Kenyan Coast, the complexity of managing the SACCO, combined with the introduction of the National Hospital Insurance Fund (NHIF) which began covering medical bills, led the SACCO into a period of silence.

But the story didn't end there. In 2022, the dedicated founding members reignited their passion, showing a keen interest in reviving the SACCO. Their goal was clear: to refresh its objectives to align with current community needs.

This revival culminated in a new beginning for Soyosoyo SACCO. Officially rebranded and given a new look on April 10, 2024, it emerged with renewed vigor. Its expanded mission now focuses on providing affordable financing to cover a broader range of essential objectives, including medical bills, education, agriculture, and development.

Soyosoyo SACCO stands today as a testament to its enduring commitment to its members, evolving to meet the diverse financial needs of its community.