UBRICA Co-operative Society

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UBRICA Co-operative Society
by UBRICA ONE - Tuesday, 31 May 2016, 8:18 AM

Ubrica Co-operative Society

The co-operative movement is an important player in the socio-economic development of this country. Co-operatives cut across all sectors of the economy and provide an important framework for mobilization of both human and capital resources. With a membership of over 8 million in 13,000 registered co-operative societies, the SACCO sub sector, in particular, has mobilized over Kes.230 billion. According to the Ministry of Co-operatives Development and Marketing Website co-operatives are believed to be playing an important role in the achievement of Kenya vision 2030 and the now Sustainable Development goals.

The United Nation General Assembly, as a clear affirmation that it supports co-operatives, declared the year 2012 as the international year of Co-operatives.

The co-operative movement has granted loans to their members of over kes.120 billion. These loans have been used for the purchase of land, farm inputs, housing, education, medication and development of various business ventures. About 200 co-operative societies have ventured into Front Office activities (FOSA). The FOSA offers bank like services, like withdrawable savings, deposits, debit cards, advances, money transfers etc.

Co-operatives are real agents of transformation because they are problem-solving, people-owned organizations. According to the International Cooperative Alliance (ICA) & CCA the Kenyan Financial Cooperative (referred to as the Savings and Credit Cooperatives –SACCO) sector is by far the largest SACCO sector in Africa. It plays a significant role in Kenya’s financial sector. Several of Kenya’s largest SACCOS have capital large enough to become banks. In, 2005 there were around 2,700 SACCOS with an estimated membership of 2.5 million.

These SACCOS together reported nearly US$ 1.66 billion in share capital and deposits, and US$ 1.24 billion in loans outstanding. The share capital and deposits in SACCOS accounted for over 24% of domestic savings.

Membership in cooperatives and savings and credit groups is very common. Nearly 79% of households had at least one member in such entities. Savings and credit groups were highly concentrated (over 70%) in low income zones which are generally less attractive to non-bank and bank financial institutions.

Cooperatives, as economic enterprises and as self-help organizations, play a meaningful role in uplifting the socio-economic conditions of their members and their local communities.

In terms of percentage of a country’s GDP attributable to cooperatives, the proportion is highest in Kenya at 45 per cent, New Zealand with 22 percent. Cooperatives account for more than 100 million jobs around the world.




·      Registration fees of US$ 5.

·      Minimum monthly contribution of US$10 only

·      Three months waiting period and Minimum savings of US$50 to qualify for loan

·      Attractive interest rates on member’ deposit

·      Minimum capital share US$1


UBRICA SACCO Limited is committed to giving personalized attention to all its members whilst ensuring professionalism and service delivery is maintained at all times.


Ubrica Sacco is founded on the values of self-help, mutual responsibility, equality and equity and aims to practice openness, honesty and social responsibility in all its activities.

Emergency Loan

To meet member emergency bills and other emergencies. Accessed at 50% savings.

Education Loan

Purpose to enable members to pay school fees. Worked out at three times savings.

Development Loan

Purpose to meet member development needs. Proceeds at 3times one’s savings.

Group Loan

A loan to enhance group development projects given at 3 times group’s savings of purchase price.

Vision: to be the leading co-operative society in Africa

Mission: to help our members gain economic freedom through judicious investment in UBRICA Projects

Philosophyexcellence, honesty, hard work

Values: self-help, self-responsibility, democracy, equality, equity and solidarity


·      Recruit 5 million people in 5 years, from January 2017- January 2022

·      Coordinate economic activities of the cooperative members living around the franchised UBRICA clinical centers through purchasing their produce at a profit and selling them at the multi-purpose clinical facilities from, January 2017- January 2022

·      Connect the community of professionals to the local members of the cooperative by utilizing the UBRICA clinical centers as a focus for community engagement, from January 2017- January 2022

·      Increase the health levels of the members of the cooperative through offering affordable health insurance plans and premiums as a result of being active members of the cooperative, from January 2017- January 2022

·      To increase the level of mission-driven, patient-centered, value-enhancing systems of care through giving incentives for physicians to practice in the UBRICA Retail Clinical Centers that are accountable to patients and consumers, from January 2017- January 2022


Significance of Ubrica Co-operative Society

Our cooperative will act as a tool for the creation of decent jobs and for the mobilization of resources for income generation. We will also circulate money locally and contribute to a sense of community or social cohesion. Our cooperative will make decisions that balance the need for profitability with the welfare of our members and the community, which we serve. Cooperatives accord members opportunity, protection and empowerment - essential elements in uplifting them from degradation and poverty. Our cooperative will be in the forefront of providing these elements.


Value Proposition to Stakeholders

The cooperative’s stakeholders include but are not limited to:

Medical Practitioners. We will offer loans for franchising of the UBRICA Retail Clinical Centers. This will enable the medical practitioners such as doctors, nurses, and pharmacists, among others to own what might be difficult for individuals to own by their efforts.

The community. We facilitate job creation to boost the economic condition of our communities.

Members. We will increase the bargaining power of our members by providing them among other benefits an additional source of income. These shareholders will invest their monies in our cooperative through their savings and buying shares therefore they will expect to get a return on their investments by getting dividends.

Board Members. These shareholders will maintain brand standards for the cooperative through quality management by being ISO 9000 certified.

Employees. We will provide our employees with the opportunities to upgrade their skills through workshops and relevant educational courses.

The National and County Government. We pay the necessary taxes. 

Competitors. The UBRICA Retail Clinical Center is a unique and new product in the Kenyan medical market. It is tailored to the medical professionals who wish to own their private clinics, therefore, getting monetary assistance from the cooperative. This creates a competitive edge over our competitors.  

Suppliers/ Service Providers. We will create business opportunities by having a solid business relationship with the suppliers/service providers hence enabling them to make profits. They will supply to us necessary products, materials and services which enable us to be productive.


Principles of Ubrica Co-operative

Provide Education

One of the principles of the cooperative is to provide education and training for our members, elected representatives, managers, and employees so they can contribute effectively to the development of our co-operative. They will continuously inform the general public, particularly young people and opinion leaders, about the nature and benefits of the co-operation.

Co-operation within the Co-operative

We will serve our members effectively and strengthen the co-operative movement by working together through local, national, regional and international structures.

Concern for Community

The Co-operative will work towards the sustainable development of its communities through policies approved by its members.


The Work of Ubrica Cooperative

Ubrica Co-operative helps people interested in URCC Franchise to obtain loans. It will recruit people to own the franchises. The two categories of people to be recruited are:

·      The community of medical professionals such as the doctors, nurses, pharmacists among others.

·        The people in the community who will reside near the clinics- this will ensure that the people will go to the clinics as well as participate as active members in the cooperative.


Ubrica Retail Clinical Centers

These centers shall have community space for people to gather together to network and wind down. They shall also have educational spaces for educating the local people on pressing health issues as well as engaging the community. The community health workers shall manage the community educational spaces.

The centers shall also have a community development office that will have community workers posted within them that will enroll people from the community to the cooperative as well as enlighten the people about the clinics and their overall benefits.


Marketing Strategy

The cooperative will use aggressive high profile marketing to sell the clinics in the Diaspora and within the Kenyan populace around the country. The marketing will include but will not be limited to:

·      The media including social media, radio, television advertisement, print media such as the local newspapers, publish articles, formal journals and reports that contain exhaustive information that appertains to UBRICA Cooperative and the SACCO.

·      Word of mouth, that is, door to door recruitment

·      Holding annual summits and conferences within Kenya and beyond

·      Holding annual walks around the country to sensitize people on the importance and benefits of joining the cooperative.

·      Holding roadshows and campaigns especially in the rural area in order to raise public awareness to make people more aware of the potential of Inukeni SACCO and for its current contribution both in social and economic terms.

·      Branding such as branding T-shirts, caps, books, pens, flasks, and vehicles, among others.

·      Flash mobs