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Comhigh Board close year 2023 on a high, reflects on strategies for 2024 and beyond

The Comhigh Sacco Ltd. 2023 calendar year was eventful as characterized by progressive Board decisions and operational improvements. It had also a fair share  of emerging issues relating to legal , policy and regulatory directives that the Sacco continues to confront.

In the year, the Board held its statutory meetings to evaluate and discuss key issues. This resulted to plausible milestones made in the year 2023 including rolling out of automated process of loan management; enlisting a number of policies , development of Comhigh website, comprehensive review of loan products,  members’ and Board/Supervisory team capacity building on topical issues, timely servicing of loan requests- with record time of on average a day, engagement with members and stakeholders, recruitment of additional staff  through a competitive process among others. 

To wrap up the year’s activities, the Board held a reflection sitting on 15^th  December, 2023 to evaluate, recollect, share experiences as well as re-strategize for coming period. Various Comhigh Committees and assigned teams gave presentations and briefs of tasks under their jurisdiction.  Also in the sitting, that brought together Board of Management and Supervisory Committee were discussion on amendments to the Cooperative Act, 2004, tax regime, risk framework and review of key policies including, By-laws, Strategic Plan and Credit Policy.

“The Board is a custodian and the implementor of members resolutions and aspirations. As we look at different aspects within the Committees, let us bear that in mind and bring forth best progressive policies that withstand dynamic and at testing situations that befall the Cooperative movement today ”, urged Chairperson, Zachary Waweru.

“We appreciate the continued cordial working relationship with the Board in the year and past years. I and team’s assurance is to continue to give best control advisories for the good for Comhigh Sacco. Our regular reports demonstrates this fact”, assured the Supervisory Committee Chairperson, Muriithi Njeru.

The Board through its varied standing and ad hoc Committees has put up together varied strategies and proposals for discussion and ratification in the forthcoming 30^th Annual General Meeting (AGM) within stipulated procedures and regulatory guidelines.

By Mutethia wa Mberia, Secretary Comhigh Sacco.

January 11^th, 2023.

SACCO dividend payments refer to the distribution of profits or surplus funds to the members of a Savings and Credit Cooperative. Here’s a closer look at how SACCO dividend payments typically work:

Dividend payments in SACCOs are designed to reward members for their participation, savings, and loyalty to the cooperative. They offer a tangible benefit to members, encouraging continued engagement, and strengthening the financial relationship between the SACCO and its members.

Welcome to the Comhigh SACCO blog! We are delighted to share with you why investing with us can be a game-changer for your financial future. As a reputable Savings and Credit Cooperative, Comhigh offers a range of compelling reasons to consider investing your hard-earned money with us. Let’s explore the key advantages of investing with Comhigh SACCO.

1. Member Ownership and Control: At Comhigh, we operate on a cooperative model, which means our members are also owners. When you invest with us, you become a valued member with voting rights and a say in decision-making processes. We prioritize the interests of our members and strive to ensure that their investments work towards their financial success.
2. Financial Stability and Trust: Comhigh SACCO has a long-standing track record of financial stability and trust. Our prudent financial management practices and adherence to regulatory requirements contribute to our members’ confidence in our institution. We are committed to maintaining the security of your investments and providing a safe environment for your financial growth.
3. Competitive Returns: Investing with Comhigh offers the opportunity to earn competitive returns on your investments. Our SACCO offers various investment options tailored to meet your diverse financial goals and risk tolerance. Whether you prefer fixed deposits, investment shares, or other investment products, we strive to provide attractive returns while managing risks effectively.
4. Diversification and Risk Management: Investing with Comhigh SACCO allows you to diversify your investment portfolio. We offer a range of investment products that span different sectors and industries. This diversification strategy helps mitigate risk by spreading your investments across various assets, reducing your exposure to any single investment.
5. Personalized Investment Guidance: Our team of experienced financial professionals is dedicated to assisting our members in making informed investment decisions. We understand that every member’s financial situation and goals are unique. Therefore, we provide personalized investment guidance and advice to help you choose the investment options that align with your specific needs.
6. Reinvestment and Compounding Benefits: Comhigh SACCO offers attractive reinvestment options for members, allowing you to maximize the benefits of compounding. By reinvesting your dividends or returns, you can accelerate your wealth creation and achieve your financial goals more efficiently.
7. Ethical and Socially Responsible Investments: As a socially responsible SACCO, Comhigh emphasizes ethical and sustainable investments. We seek investment opportunities that align with our values and contribute positively to society. When you invest with us, you can be confident that your money is making a difference and supporting responsible businesses and initiatives.

Conclusion: Investing with Comhigh SACCO opens the door to a range of financial opportunities, stability, and personalized guidance to help you unlock your financial potential. As a member-owned institution, we prioritize your interests, and our track record of financial stability and trust speaks for itself. Join us on this journey towards financial success and enjoy the benefits of investing with Comhigh SACCO.

Introduction: Welcome to “Understanding the Benefits of Joining Comhigh SACCO.” This guide is designed to provide potential members with a comprehensive overview of the advantages of joining Comhigh SACCO. Whether you are seeking financial stability, competitive interest rates, or personalized services, Comhigh SACCO offers a range of benefits that make it an excellent choice for individuals looking to secure their financial future. Read on to discover how joining Comhigh SACCO can enhance your financial well-being.

1. Cooperative Structure: Comhigh SACCO operates on the cooperative model, which means it is owned and controlled by its members. As a member, you have a say in the decision-making processes of the SACCO, ensuring that your interests are represented. This democratic structure allows you to actively participate in shaping the SACCO’s policies and activities.
2. Savings and Investment Opportunities: By joining Comhigh SACCO, you gain access to a variety of savings and investment opportunities. The SACCO offers competitive interest rates on savings accounts, allowing your money to grow over time. Additionally, Comhigh SACCO provides investment products such as fixed deposits, mutual funds, and bonds, which enable you to diversify your portfolio and potentially earn higher returns.
3. Affordable Loans: Comhigh SACCO offers affordable loans tailored to meet the financial needs of its members. Whether you require funds for education, housing, business, or personal use, the SACCO provides flexible loan options at competitive interest rates. Members enjoy the advantage of quick loan processing, simplified application procedures, and favorable repayment terms.
4. Financial Education and Counseling: As a member of Comhigh SACCO, you gain access to financial education programs and counseling services. The SACCO strives to enhance your financial literacy by offering workshops, seminars, and resources that cover various aspects of personal finance. Through expert guidance and counseling, Comhigh SACCO assists members in making informed financial decisions and planning for their future.
5. Insurance and Protection: Comhigh SACCO understands the importance of safeguarding your financial well-being. The SACCO offers insurance products such as life insurance, health insurance, and asset protection plans. These offerings provide you with a safety net in the face of unforeseen circumstances, ensuring that you and your family are protected from financial hardships.
6. Competitive Dividend Payouts: As a member-owner of Comhigh SACCO, you are entitled to a share of the SACCO’s profits in the form of dividends. Comhigh SACCO strives to maintain a financially sound position, allowing it to distribute attractive dividends to its members regularly. These dividends can serve as an additional source of income and contribute to your overall financial stability.
7. Convenient and Accessible Services: Comhigh SACCO is committed to providing convenient and accessible services to its members. With a network of branches, ATMs, and a user-friendly online banking platform, the SACCO ensures that you can access your accounts, make transactions, and seek assistance easily. Comhigh SACCO’s customer-centric approach guarantees a seamless and hassle-free banking experience.

Conclusion: Joining Comhigh SACCO offers a multitude of benefits for potential members. From the cooperative structure that grants you a voice in decision-making to the affordable loans, attractive dividends, and comprehensive financial services, Comhigh SACCO prioritizes your financial well-being. By becoming a member, you can enjoy the advantages of financial stability, competitive interest rates, and personalized services, setting yourself on the path to a secure financial future.