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Kimisitu Sacco
#21 Posted : Thursday, October 04, 2018 11:44:01 PM
Rank: New-farer

Joined: 7/6/2018
Posts: 48
Location: Kinshasa
Trouble at Kimisitu Sacco!!! After a stormy AGM earlier this year, the Board has finally managed to kick out the Sacco CEO. In a memo addressed to members today, the Chairman has appointed a former loans officer to the position of Acting CEO. Insider information indicate Board infighting and a fall out between CEO and Board due to Board interference in management/operational issues, e.g members double guaranteeing others for loans the do not qualify for. Sacco is also not paying exiting members their monies in good time and sometimes unexplained charges are levied on your dues and you end up receiving less money than expected.


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