The Launch of the Benevolent Fund at All Saints’ Cathedral SACCO
On 5th October 2024, All Saints’ Cathedral SACCO marked a significant milestone in its mission to serve its members with the launch of a Benevolent Fund. This fund, designed to provide financial relief during challenging times, is a testament to the SACCO’s commitment to fostering a sense of community and mutual support among its members.
Purpose of the Benevolent Fund
The Benevolent Fund was created to address unforeseen emergencies and provide financial assistance during times of need, such as bereavements, medical emergencies, or other critical situations. By pooling resources, members can access financial support to ease their burdens and navigate through life’s uncertainties.
Key Features of the Fund
1. Eligibility: The fund is open to all active SACCO members.
2. Contribution: Members contribute a set amount yearly, ensuring the sustainability of the fund.
3. Disbursement: Funds are disbursed promptly upon approval of claims, ensuring members receive support when they need it most.
4. Transparency: The SACCO has committed to maintaining transparent processes in fund management, with regular updates to members on contributions and disbursements.
Event Highlights
The launch event, held virtually, was attended by board members, staff, and SACCO members. The SACCO Education committee Chairperson delivered a keynote address, emphasizing the importance of community and shared responsibility in building financial resilience.
In her remarks, the SACCO Education Committee Chairperson highlighted the need for such a fund, saying:
“The Benevolent Fund is not just about money; it is about standing together as a family in times of need. It is a reflection of our shared values and commitment to one another.”
How to Join the Benevolent Fund
Members interested in joining the fund can sign up at their SACCO offices or through the SACCO’s digital platforms.
Contributions can be made directly via mobile money or bank transfers, making it convenient for all members.
Looking Ahead
The launch of the Benevolent Fund is a stepping stone toward building a more supportive and resilient SACCO community. It aligns with the SACCO’s vision to enhance the welfare of its members, promote financial inclusivity and offer support in critical times of need.
Members are encouraged to join the Benevolent Fund and actively participate in its growth to ensure it continues to serve as a lifeline in times of need.
For more details, visit the SACCO offices or contact the customer service team at 0720025362 or email info@ascsacco.org
Together, let’s build a brighter, more secure future! In line with our motto, ‘Building Prosperity Together.’