Features & Sacco Leadership

Who owns 2NK Sacco? a pioneer in matatu transport services

Who owns 2NK Sacco?

2NK Sacco Ltd stands as a prominent player in the matatu transport sector, providing efficient passenger services to various destinations. Established in 1994, the Sacco was founded by matatu owners from Nyeri and Karatina during a period when Kenya’s transport sector faced significant challenges and disorder. Perhaps you could be wondering, who owns 2NK Sacco: here is the detail.

Who owns 2NK Sacco?

The leadership of 2NK Sacco is guided by Chairman James Kahiro, overseeing its strategic direction, with Anne Nyawira serving as the Chief Executive Officer (CEO). Working in tandem with the Sacco’s board of directors, Kahiro and Nyawira have played pivotal roles in its growth and success.

Originally starting with 30 members, 2NK Sacco has expanded significantly and currently boasts over 800 matatus. The Sacco’s assets are valued at an impressive over KSh 240 million, attesting to its robust financial standing.

Anne Nyawira sheds light on the membership process, stating, “The first requirement is to have a new matatu (Toyota Hiace), the latest registration number or the immediate previous number because we understand delaying in registration. One person can own up to seven matatus according to the by-laws.”

When was 2NK Sacco established?

2NK SACCO, headquartered in Nyeri Town, operates as a transport-focused cooperative society. Formed in 1994 by matatu owners from Nyeri and Karatina, the SACCO emerged during a time when the matatu industry was notorious for its disorderly conduct. Driven by a collective zeal to bring order and discipline, a group of matatu owners pursued the incorporation and registration of 2NK SACCO under the Cooperatives Society Act Cap 490.

2NK Sacco Shuttles

Over the years, 2NK SACCO has garnered popularity across the country for its reliable transport services, catering to both ordinary fourteen-passenger vans and executive shuttles, along with parcel deliveries. The SACCO facilitates daily trips to Nairobi from major towns, including Nyeri, Karatina, Kerugoya, Nakuru, Eldoret, Thika, Nanyuki, Kitale, Kisii, and Bungoma.

Also Read: How to choose a Sacco in Kenya

The SACCO remains committed to its core objectives, emphasizing savings mobilization to provide affordable loans for members, enabling them to engage in profitable businesses and improve their livelihoods.

How to join 2NK Sacco

  1. Class A: Individuals in possession of a new matatu, specifically the Toyota Hiace model, can join under this category. Notably, ownership is limited to seven vehicles, aligning with the Sacco’s provisions.
  2. Class B: This category allows individuals who do not own matatus to join, focusing on saving and accessing loans, thereby fostering inclusivity and community participation within 2NK Sacco.
Andrew Walyaula
Author: Andrew Walyaula

Andrew Walyaula is a seasoned multimedia journalist. waliaulaandrew0@gmail.com

Andrew Walyaula

About Author

Andrew Walyaula is a seasoned multimedia journalist. waliaulaandrew0@gmail.com

Leave a Reply

You may also like

Factors to consider before taking a loan in Kenya: The risks of being a guarantor: what you need to know: SACCO Loan Requirements
Features & Sacco Leadership

Factors to consider before taking a loan in Kenya

The surge in borrowing activities across Kenya highlights a growing inclination towards loans among its populace. With an array of
What is the importance of credit policy in Saccos: Benefits of Sacco membership for small business owners: How to increase Sacco membership: Why Sacco loans are cheaper: Factors contributing to member exits from SACCOs: How to exit from a SACCO
Features & Sacco Leadership

Why Sacco loans are cheaper and more accessible

Kenyan individuals and households are increasingly turning to Saving and Credit Cooperative Organisations (Saccos) and microfinance banks for loans, rather
error: Content is protected !!
×