Overview

Chasco Sacco was founded in year 2012 as a project of another organization called Changoi Out Growers Self Help Group. The core membership of the parent organization formed the founding membership of Chasco Sacco and a loan of Ksh.10 Million was given as the seed funds to start off operationalization of the society.

Members then were encouraged to have part of their tea proceeds deducted by Williamson Tea (k) Ltd as contribution to both Share Capital and saving contributions. As of today, that has risen to over Ksh.70 Million with a total capitalization of just over 120 Million in her eight -year history.
Apart from Williamson Tea being the main partner, Chasco Sacco also in the recent past entered into a memorandum of understanding with Korara Highlands Tea Factory, Bureti Tea Factory, TET Tea factory, Mau Tea Factory and lately Evergreen and Sasini. This was meant to enhance efficient service delivery to members and widen the market by responding to the member’s needs.

The society has grown through the partnership with Williamson Tea which over time has maintained stability in their pricing therefore ensuring Chasco Sacco growth in membership due to member retention. Chasco entered into an MOU with Williamson Tea since the inception on the check off system that required the member to contribute the shares as well as paying loans deduction through Williamson Tea. This has been the state of affairs and has since enable growth in the general performance and income.
Apart from Williamson Tea being the main partner, Chasco Sacco also in the recent past entered into a memorandum of understanding with Korara Highlands Factory, Bureti Tea Factory, TET Tea factory, Mau Tea Factory and lately Evergreen. This was meant to enhance efficient service delivery to members and widen the market by responding to the member’s needs.
Since the initiation of Chasco, many lives and livelihood has been changed positively. Members has been able to pay school fees, afford decent living, seen growth in development, hospital bills cleared, employed many people directly and indirectly, afford attachments and internship to many young people etc. members also have been able to secure their future by savings which they have built for overtime.