Plans to Rename 5 Billion Kitui Teachers Savings & Credit Cooperative Society Limited quashed by angry teachers

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24th April 23, 2019

By Boniface Mulu

The board of the Kitui Teachers Savings and Credit Cooperative Society Limited and the members have met and agreed that the society’s name will remain.

The agreement was reached during the society’s special annual general meeting held at the Kitui Multipurpose Development Training Institute on Saturday, April 6, 2019.

The board called the special annual general meeting following the premature ending of the society’s 42nd annual general meeting at the Kitui Multipurpose Development Training Institute on Saturday, February 9, 2019 after the board with some of the members differed with the other members over the changing of the society’s name.

Knut secretary general- kitui branch Mr Simon Nding’o Addressing Speacial meeting at kitui multipurpose hall

The board and some of the members had proposed t to rebrand and change the society’s name to the Unity with Vision Savings and Credit Cooperative Society Limited.

The society currently has a total of more than 15,000 members. In his speech, the society’s chairman, Dr. Joseph M.Kithome highly thanked the members for turning up for the special annual general meeting. And he assured them that they (the board) will continue serving them effectively and efficiently. “During our 42nd annual general meeting on February 9, 2019 there were problems over the proposal by the board and some of the members to change the society’s name.

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There was misunderstanding between the board, some members and other leaders over the proposal,” Kithome said. “I am happy because the today’s meeting went well and was peaceful,” the chairman added.

During the special annual general meeting, the board and members agreed to continue with the society’s annual general meetings at the Kitui County’s headquarters in Kitui Town.

The Kitui Teachers Savings and Credit Cooperative Society Limited, whose headquarters is in Kitui Town, has several branches including Mwingi, Kyuso, Mutomo and Mutitu in Kitui County and Makindu in Makueni County.

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Kithome disclosed that their society’s current capital base is 4.8 billion shillings. “And we are expecting it to stand at 5 billion shillings at the end of the year and to be 10 billion shillings in the next five years,” he added.

“All our society’s reports are known by the Commissioner of Cooperatives and the Savings Societies Regulatory Authority (SASRA) and nothing is done without the knowledge of them,” Kithome also said. “I expect every teacher and every member to grow,” the society leader said.

The Kenya National Union of Teachers (KNUT) Kitui County Executive Secretary, Simon Mutunga Nding’o who also addressed the function, highly thanked Kithome for calling the special annual general meeting.

“We are glad to you chairman because you have adhered to our advice,” the KNUT official said. “We must have “the Railas” in this sacco for the oversight. “The Railas” must be there.

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The handshakes also must be there,” Nding’o further said. He announced that they the KNUT Kitui County Burial Benevolent Scheme (BBS) members are the Kitui Teachers Savings and Credit Cooperative Society’s members. The unionist congratulated the board of the Kitui Teachers Savings and Credit Cooperative Society Limited for the peaceful meeting. “We have confirmed that our society’s name remains the Kitui Teachers Savings and Credit Cooperative Society Limited,” Nding’o said.

We thank our Governor Charity Kaluki Ngilu because we have met her because of the issue, he added. Nding’o asked the society’s board to reduce the expenditures where he said that the expenditures are quite extremely high.

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