Kenpipe SACCO Society Ltd was established in 1981 by employees of Kenya Pipeline Company Limited as a welfare organization with less than 140 members, each contributing a registration fee of kshs.20 and a minimum monthly contribution of kshs.50. At the end of 2010, the SACCO had a membership of 1,338.The registration fees for members are Kshs. 1000/- and minimum contribution of 10% of the basic salary.
The SACCO’s Head Office is situated at the Kenya Pipeline Company headquarters in Industrial Area, 10km from the City Centre. Other service centres of the SACCO which are served by delegates are; Nairobi Terminal, Ngema , Morendat, Nakuru(2),Eldoret, Kisumu, Embakasi, Sultan Hamud, Mtito Andei ,Maungu ,Kipevu, Moi and Mombasa, Konza, Samburu, Makindu , Manyani, Sinendet and Burnt Forest. The Society operates a BOSA and FOSA.
The core business of the society is to provide a savings avenue to members and advancing loans to them. This is still the focus of the society. Diversification opportunities will be looked into within the context of the core business. The feeling of the society is that success will come from concentrating on this initial core business.
Kenpipe’ SACCO offers savings and credit services to members countrywide. The Society has currently substantive membership from Kenya Pipeline Company Limited but has expanded its common bond. The potential membership of the Society is government officers, private institutions and persons of various entrepreneurships. Specifically, the huge potential members under Micro savings and credit are the entrepreneurs, self help groups, farmer groups and others in the community.
Micro savings and credit products and services is provided through organized associations, groups and the informal merry go round groups who are involved in valuable forms of savings mobilization for a common group purpose and alleviating member's financial burdens. These include women and youth groups and retirees groups. These organized grassroots associations constitute the market/clientele of the Society.