Tabasuri DT Sacco has earned high praise from the insurance sector for its transition into a highly organized, inclusive, and financially stable institution. Speaking as the Guest of Honor during the Sacco’s 37th Annual Delegates Meeting (ADM), Mr. Dan Kalani, CIC Insurance Regional Manager for Coast and North Eastern, lauded the Sacco’s governance and its successful expansion beyond its original membership.
A Model of Inclusivity and Governance.
Mr. Kalani highlighted the Sacco’s evolution from an entity serving only KEMFRI staff to one that now empowers the wider community. He noted that this growth is a direct result of a “vibrant delegate system” that fosters transparency and ensures every member is represented.
“This growth is a testament to your vision, inclusivity, and commitment to financial empowerment,” Kalani told the delegates. “It is a mark of good governance and forward-looking leadership”.
Impressive Financial Vitality.
While reviewing the Sacco’s latest performance, the CIC Regional Manager expressed immense confidence in the institution’s current direction, comparing its upward trajectory to the rapid development seen in global hubs.
“All indicators are showing that Tabasuri is headed in the right direction, if not ‘Singapore’,” Kalani said, referencing the Southeast Asian city-state often cited by Kenyan leaders as a model of rapid economic transformation. He cited several “evident” markers of Tabasuri Sacco’s stability:
Asset Expansion: the Sacco’s Total assets grew by a solid 10.2%.
Member Loyalty: Deposits increased by 7.8%, a figure Kalani attributed to deep-seated member trust.
Credit Accessibility: Loans to members saw an upward trend of 11.7%.
Sustainable Growth: the Sacco’s Membership numbers continue to rise year-on-year.
Strengthening Financial Resilience.
As a strategic partner and shareholder, CIC Insurance reiterated its commitment to building “financial resilience and security” alongside the Sacco. To support the evolving needs of the membership, Mr. Kalani introduced a suite of upcoming welfare solutions.
These include specialized medical insurance, cybersecurity protection for the Sacco’s digital assets, and comprehensive annuity plans designed to provide retiring employees with a secure and stable income for the future.
A Partnership for Prosperity.
Closing his address, Mr. Kalani assured the Board and the delegates of his personal and corporate support in safeguarding the future of the Sacco’s members.
“Together we can strengthen the financial well-being of your members, safeguard their future, and build a legacy of prosperity for the wider community,” he concluded.
