Downloadable Resource
Vision Afrika SACCO
Strategic Plan 2022 – 2024
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Vision Afrika Sacco Ltd (VAS), formerly known as Gilgil Traders Savings and Credit Cooperative Society, was registered on November 22, 2004 (CS No. 10624) as a rural-based Sacco. Initially, it served traders in Gilgil town, Nakuru County, who were excluded from formal financial institutions. Its founding members included traders, farmers, Jua Kali artisans, transporters, bodaboda operators, shop owners, and others. The Sacco began by mobilizing resources to provide savings and credit services on a small scale. Over time, these efforts enabled the establishment of Front Office Services (FOSA), offering members convenient access to financial services.
To sustain growth and broaden its impact, the Sacco expanded its common bond beyond the Gilgil region to include residents from neighboring areas. This transition, marked by a name change to Vision Afrika Sacco in 2010, signaled the start of an ambitious expansion journey. Today, VAS serves over 36,000 members from diverse regions and economic sectors across Nakuru County, neighboring counties, and the diaspora.
The Sacco employs a hybrid service delivery model, combining brick-and-mortar branches with digital financial solutions. Members can access services through five branches located in Nakuru, Gilgil, Naivasha, Molo and Njoro. In 2020, digital services were enhanced, including mobile money platforms and Point of Sale (POS) devices operated by Sacco agents, driving significant savings mobilization. However, ATM services remain underutilized, presenting an area for further improvement.
Licensed and regulated by the Sacco Societies Regulatory Authority (SASRA), VAS has successfully navigated the evolving financial landscape. The youngest branch being Njoro, launched in 28th February 2025.
In recognition of the critical role of technology, VAS replaced its core banking system in 2024, transitioning from ValueMis to the more versatile Esoft system by Ecom Technologies. This upgrade addressed vulnerabilities identified in an audit and improved data control and transaction security, reinforcing the Sacco’s commitment to operational excellence.