Tuskys and Safaricom Sacco have signed a retail partnership agreement that will allow the telco’s employees and other sacco members to acquire discounted high value items on credit basis at the retailers 52 stores countrywide.
Under the partnership, Safaricom Sacco members will get a Local Purchase Order (LPO) from the Sacco offices and present the same to any Tuskys Supermarket after which the items will be released to them within 48 hours. The retailer will bill the Sacco once for all LPOs received within a month.
Speaking at the Hilton Hotel, Nairobi when the two organizations inked the deal, Tuskys CEO Dan Githua said the supermarket had taken a deliberate step to differentiate the on-credit shopping experience for the Safaricom Sacco members at its stores following a longstanding relationship. “This is part of Tuskys supermarkets expansion strategy that focuses on deepening partnerships with our corporate partners to drive business growth. Our partnership with this leading Sacco will ensure that as many members as possible have access to easy credit based means with which to acquire high value items,” Mr. Githua said.
Safaricom Sacco CEO George Ochiri said the partnership was a welcome development for its members and would add to the options its members have in acquiring household items. “We have continuously sought partnerships that especially enrich the local shopping experience for our members. We are delighted to note that our members can now enjoy discounts, credit and deliveries while shopping at Tuskys,” he said.
Safaricom Sacco, which was founded in 2001 to serve the common bond of Safaricom employees, has an asset base of Kshs 3.3 billion and presently caters for 9,000 members. The Sacco is implementing a strategic plan targeting to grow its business fourfold by 2018.
Tuskys said its strategy in deepening partnerships with corporate partners was geared towards boosting sales volumes for household goods such as Sofa sets, assorted furniture, TVs, fridges and other electronics.
The retailer has a similar partnership with Ukombozi Sacco, the umbrella Sacco for Deliverance Churches in Kenya that has 7000 members countrywide.
Tuskys is pursuing similar partnerships with reputable licensed SACCOs and corporate partners across the country to enable more people access items of their choice conveniently.
Safaricom Sacco Ltd was founded in May 2001 to serve the common bond Safaricom Ltd Employees. After the opening of the common bond, membership has continued to grow over the years and now stands slightly above 9,000 members. The membership widened to include family members of already present members, employees from related technology companies and also individual membership outside the common bond.
In the 2011, Safaricom Sacco was licensed by SASRA to operate FOSA. The emergence of FOSA has led the Sacco not only to focus on individual memberships but Chama’s, groups, Corporates and Mergers with small Sacco’s. FOSA has boosted the Sacco’s liquidity level through introduction minimum shareholding to members and several unique products which are in line with the current technological trends.