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Skyline DT Sacco revolutionizes member empowerment through asset finance

Skyline DT Sacco revolutionizes member empowerment through asset finance

By Caroline Machira

In a resounding success, Skyline DT Sacco unveiled its highly-anticipated Micro-Credit Loan Product on Friday, October 13, 2023, to empower groups of all sizes, enabling them to realize their dreams of acquiring valuable assets, including tanks, motorcycles, solar systems, and more. The grand reveal took place at the magnificent Skyline DT Sacco Headquarters, at the heart of Skyrise Plaza, Eldama Ravine.

The event attracted enthusiastic and forward-thinking stakeholders with a quest for investment. By facilitating this revelation, Skyline DT Sacco has put the future of group finance within reach. Attendees had the chance not only to witness the unveiling of this groundbreaking initiative but also to participate in insightful discussions on the transformative potential of asset acquisition.

Financial inclusion

The Sacco’s commitment to financial empowerment extends far beyond the mere provision of services. Their innovative initiative reflects a deep-seated belief in democratizing access to financial resources for all. Traditionally, several barriers have hindered groups from accessing essential capital for asset acquisition. However, Skyline DT Sacco is determined to dismantle these obstacles and usher in a new era of inclusivity and opportunity.

Skyline DT Sacco Chairman William Kipyegon Boruett said that the institution understands that when groups gain access to essential capital for asset acquisition, it’s not just about unlocking opportunities; it’s about catalysing growth and progress.

“The driving force behind this innovative initiative is the belief that financial empowerment should be accessible to all.  With this innovative initiative, we not only providing financial support but also fostering a sense of self-reliance and self-sufficiency within the communities it serves. It’s about putting the power of financial independence into the hands of groups, allowing them to take control of their aspirations and turn them into tangible achievements. We aim to arm groups with the means to transform their aspirations into reality,” said Mr Kipyegon.

The Sacco has partnered with STIHL East to offer a wide array of top-quality products, including sawing and cutting tools, mowing and planting equipment, and cleaning and tidying tools. STIHL is a renowned German outdoor power equipment manufacturer specializing in chainsaws, power saws, leaf blowers, and various other tools for forestry, landscaping, and agriculture.

Skyline Chief Executive Officer (CEO) Allan Kiplagat Miteirevealed that thispartnership adds another dimension to the extensive range of assets now accessible through Skyline DT Sacco’s Micro-Credit Loan Product. These assets open up a world of possibilities for groups looking to enhance their capabilities and productivity.

“With the Micro-Credit Loan Product offered by Skyline DT Sacco, groups can now acquire these assets and more. This marks a significant step forward in empowering communities with the tools they need to seize new opportunities, enhance their livelihoods, and create a brighter future. The possibilities are limitless, and your journey to progress starts here,” said Kiplagat.

Unlocking Opportunities with Asset Finance

Assets like water tanks, motorcycles, and solar systems are more than just possessions; they are vehicles for unlocking the door to opportunities. A water tank can signify a stable water supply for entire communities, while a motorcycle offers expedited access to education, healthcare, and markets.

Simultaneously, a solar system provides reliable energy and illuminates the path to brighter prospects. This Micro-Credit Loan Product signifies a monumental leap toward groups scripting their success stories.

The introduction of assets like water tanks, motorcycles, and solar systems through the Micro-Credit Loan Product is set to be a game-changer for Skyline DT Sacco members, significantly elevating their livelihoods.

Water Tanks: For Sacco members living in areas with inconsistent water access, owning a water tank ensures a regular, clean, and reliable water supply. This means less time spent on arduous journeys to collect water, allowing individuals to redirect their energy and time toward more productive pursuits. For example, women who previously spent hours fetching water can now engage in income-generating activities or skill development. Moreover, the availability of clean water promotes better hygiene, reduces the risk of waterborne diseases, and ultimately leads to healthier and more productive lives.

Motorcycles: The introduction of motorcycles presents an array of opportunities for Skyine Sacco members. Students can attend schools and colleges located far from their homes, widening their horizons and enhancing their educational prospects. For the business-minded, owning a motorcycle will unlock new markets, improve supply chain logistics, and increase overall business efficiency. Improved access to healthcare facilities is another significant advantage, as it ensures timely medical attention in emergencies, safeguarding the health of Sacco members and their families.

Solar Systems: Solar systems bring reliable and sustainable energy solutions to Sacco members. Access to electricity facilitates better lighting for studying and working during evening hours, extending productivity into the night. Moreover, these systems are a source of power for small businesses, from phone charging stations to operating appliances, thereby boosting economic activities within the community. The opportunity to own and use a solar system also contributes to environmental sustainability, reducing the reliance on fossil fuels and minimizing the carbon footprint of members’ households.

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