Building Financial Security Since 2010
Soma Sacco Society Limited is a registered Savings and Credit Cooperative Society (SACCO) under the Sacco Societies framework in Kenya. Established in 2010, the Sacco began with a small membership drawn primarily from the support staff in the education sector in the coast region.
Originally known as BOG Sacco (Board of Governors Sacco), the organization underwent a strategic transformation in 2014, changing its name to Soma Sacco Society Limited. This change marked a new chapter in its growth, as membership was opened to the general public while maintaining its commitment to serving the education community.
As a member-owned financial cooperative, Soma Sacco has been empowering individuals through a culture of savings and by providing affordable credit facilities since its inception. The Sacco was founded on the belief that collective savings, financial discipline, and mutual support are powerful tools for improving the economic well-being of its members. Today, Soma Sacco continues to promote financial inclusion by offering reliable, member-focused financial solutions that help individuals achieve their personal and economic goals.
In 2014, the Sacco changed its name to Soma Sacco and opened its doors to the Public, since then, Soma Sacco has grown from a workplace-based cooperative into an inclusive financial institution that now welcomes members from the wider public. While remaining true to its roots and cooperative principles, the Sacco has expanded its reach to provide individuals, families, and entrepreneurs with accessible financial solutions that promote stability, opportunity, and long-term prosperity.
Today, Soma Sacco proudly serves a growing membership of over 600 members, providing a wide range of affordable loan products tailored to meet diverse financial needs. These include education, emergency, family welfare, personal development, and investment loans. Every product and service is thoughtfully designed with one primary objective: to improve the financial well-being and quality of life of our members through responsible, accessible, and sustainable financial solutions.
At Soma Sacco, we believe that financial empowerment begins with a culture of disciplined saving. By encouraging consistent savings and providing affordable, member-focused credit facilities, we empower our members to achieve their aspirations, finance their children’s education, grow businesses, acquire valuable assets, respond to unexpected financial needs, and build long-term financial security. Through these efforts, we remain committed to enhancing the economic prosperity of our members and the communities we serve.
Our success is founded on the core values of integrity, professionalism, accountability, innovation, teamwork, and member focus. These principles guide our leadership, strengthen our governance, and shape every interaction with our members. As a member-owned cooperative society, we are committed to upholding the highest standards of transparency, ethical conduct, and prudent financial management while delivering innovative, reliable, and member-centric financial services that respond to the evolving needs and aspirations of our members.
Driven by these values, Soma Sacco continues to foster trust, promote financial inclusion, and create sustainable value for its members through sound governance, responsible lending, and a steadfast commitment to excellence.
As we look to the future, Soma Sacco remains dedicated to sustainable growth, continuous innovation, and expanding access to quality financial services. By embracing technology, strengthening governance, and fostering strategic partnerships, we aim to become the preferred financial partner for our members and a leading cooperative society in Kenya.