About Us
GlaxoSmithKline (GSK) Savings and Credit Co-operative Society Ltd is regulated non-withdrawal deposit-taking SACCO, registration no. CS NO. 3244.
Our History
The initial name of the SACCO was Sterling Employees Savings and Credit Society Limited. It was formed by former employees of Sterling Health Ltd which later merged with other companies to form GlaxoSmithKline Ltd whose employees are the current members of the SACCO.
The society was registered in 1980. It acquired its current name GlaxoSmithKline (GSK) Co-operative Savings and Credit Society on 12th January, 2006. The SACCO opened its common bond to allow members of the public to join in the year 2022.Our Mission Statement
To empower members economically and socially through provision of high quality, affordable and diversified financial products and services.
Products and Services
GSK SACCO offers exciting savings products and loan services to our members.
Our portfolio is expanding to cater for our members growing needs.
Savings Products
Non Withdrawable Deposits - Save and earn rebates from your deposits at competitive interest every year. This also enable you to get loans three times your deposit at competitive rates.
Christmas Kitty - With a minimum deposit of Kshs. 1,000 per month it earns interest of 5% per year, payable every December.
Education Kitty - With a minimum deposit of Kshs. 1,000 per month save up for your children’s school fees needs and get your deposits back every December.
Loan Products
Development Loans - Borrow up to Kshs. 6M payable within 72 months at only 1% per month interest rate.
Emergency Loans - Borrow up to Kshs. 300,000 payable within 12 months at only 1% per month interest rate.
Education Loans - Borrow up to Kshs. 300,000 payable within 12 months at only 1% per month interest rate.
Short-Term Loans - Borrow up to Kshs. 200,000 payable within 3 months at competitive interest rates.
Jijenge Smart Instant Digital Loans - Borrow up to Kshs. 30,000 payable within 1 month at competitive interest rates. No guarantors required. Cash disbursed instantly to your mobile.
Become A Member
GSK SACCO is open to members of the public. Minimum contribution is Ksh 10,000 which includes the following:
1. Joining Fee - Ksh 1,500
2. Share Capital - Ksh 5,000
3. Deposits - Ksh 3,500
Our Team
Board of Management
Robert Miano
Chairman
Carol Agoi
Vice Chairperson
Bernard Matheka
Treasurer
Monica Waithaka
Honorary Secretary
Evans Lyambila
Committee Member
Peter Kabuka
Committee MemberCatherine Kagai
Committee MemberKevin Mutuma
Committee MemberSebastine Mutungi
Committee MemberOur Staff
Gideon Kipkirui Langat
Acting Chief Executive OfficerFrequently Asked Questions
Here are some of the most frequently asked questions from potential clients.
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What’s a SACCO?
Savings and Credit Cooperatives, or SACCOs, are a particular kind of cooperative that provide financial services with a primary focus on raising capital and giving members who are both owners and consumers of credit access to inexpensive credit.
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Is GSK SACCO open to the Public?
GSK SACCO is open to members of the public.
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What is the Registration Fee?
Joining fee is Kshs. 1,000, minimum share capital of Kshs. 50,000 payable in instalments, initial share capital Kshs. 20,000.
Gallery
Here are some of the company pictures.
