DAVID KARANJA:  MY FRUITFUL JOURNEY WITH MENTOR SACCO

For over twenty six   years, David Karanja   has been an active and loyal member of Mentor Sacco. Joining in 1998, his journey with the Sacco has been marked by notable milestones, personal achievements, and unwavering trust in an institution he describes as:  “customer- focused and reliable.”

Karanja’s experience with Mentor Sacco paints a picture of consistent growth and improvement. He recalls a time when loan approvals could take up to eight   months. Today, Karanja   marvels as loans are  approved  and   processed within a record  time of  thirty  minutes. This efficiency, he notes has transformed the way members access financial support, allowing them to seize opportunities without unnecessary delays.

Efficiency and capacity

Beyond efficiency, Mentor Sacco has demonstrated remarkable progress in its lending capacity. “Previously, you couldn’t borrow more than Kshs 500,000,” Karanja  recalls. “Today, you can borrow as much as you’re able to repay, provided you have guarantors and all your income is channeled through Mentor Sacco.”

He   attributes much of his personal and financial growth to the Sacco’s support. Over the years, he has got   loans from Mentor Sacco to build his own permanent   house and acquire three acres of land. The land has become a source of income, enabling him to grow tea and coffee; ventures that have flourished thanks to the financial support of the Sacco. “Once you are guaranteed, Mentor Sacco has no limitations, they   will process your loan promptly,” Karanja   emphasizes. This dependable financial partnership has empowered him to pursue his dreams and build a stable future for his family.

Speaking on the sidelines of   Mentor Sacco’s 48^th AGM,   he   expressed his optimism   about the lender’s    future.  Going by the Sacco’s current growth trajectory,   its asset base is set to surpass a target  of    Kshs. 30 billion   within the next five years. Membership is also expected to grow significantly, reaching over 100,000, thanks to the trust and confidence it has cultivated among its members over the years.

Advice to current and prospective members

 Karanja encourages those who have not yet joined Mentor Sacco to reconsider, stating:  “They have missed a lot. Mentor is the Sacco to watch.”  Karanja   urges the current members to   save and borrow    more from   the Sacco in order to enhance its  growth . “If we can raise the minimum remittance from Ksh. 2,000 to Ksh. 3,000, we could achieve our growth target   even faster, possibly in less than ten years.”

For those   looking for a financial partner committed to their success, Karanja’s   story offers a compelling reason to consider Mentor Sacco. From financing personal projects to fostering economic empowerment, the Sacco has proven to be a reliable partner for its members. As Mentor Sacco continues to grow, it stands out   as a beacon of trust, efficiency, and financial empowerment for its members and the larger community.