Superior Hotels Sacco
Our Mission
To provide society members with an opportunity to save, then borrow, to better their lives and those of their families now, and in future by pooling resources together, and maximize on shareholders’ value.
Vision
To mobilize deposits and provide all-inclusive financial services to our members at competitive terms
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Our Core Values
Operating Principles
Out of commitment and concern for members’ welfare, the Society has adopted several operating principles that will guide it in its relationship with its members. These practices are in line with core co-operative values that are shared and nurtured by the co-operative movement worldwide. Our operating principles include among others the following:-
The Society’s doors are open for membership to all who wish to join it as long as they are within the accepted common bond. Members are free to withdraw their membership if they so wish provided they do not have outstanding obligations with the Society.
The members enjoy rights to vote and participate in making decisions affecting the Society through their elected delegates. A member is valued for who he/she is and not what he/she own in terms of material possession. Regardless of the amount of shares the member may have in the Society, he has a right to one vote in the general meeting.
The spirit that reigns in our Society is one of Unity and harmony. The Society does not discriminate against members on account of their political, religious, race and gender diversities.
The Society pursues the goal of rendering services to the members. Maximizing profits is not among its prime objectives. Interest paid on savings and shares is limited and in proportion to the interest charged on loans.
The society shall operate on mutually acceptable terms with its stakeholders who will ensure its autonomy and independence.
At the end of every year, the Society will distribute the surplus earned in proportion to the level of savings.
Superior Hotels Co-operative believes that the key to success is founded on a well-informed membership. The Society thus pursues a policy of ensuring that the general membership is fully educated on the Society’s status and the co-operative philosophy.
The Society recognizes the necessity of strengthening its bond with other affiliate Co-operative organizations. This is based on the value of solidarity. By cementing strong bonds of co-operation with other co-operatives, the Society will achieve more.
