Formation & Purpose
Why CTS Was Formed ?
CTS was formed to bring the Muslim community into the formal financial infrastructure through the cooperative movement.
It was structured to serve rural and base-of-pyramid populations i.e farmers, pastoralists, traders, and the urban poor.
The SACCO is community driven: owned by members, benefits stay within the community, and services are designed to meet local needs.
Our Model
Hybrid Product Model
CTS combines cooperative principles with microfinance delivery to offer Shariah compliant financial products in a straight forward manner.
The model incorporates both profit and loss sharing mechanisms and cost-plus or benevolent financing structures depending on the product.
ASAL Focus
100% Focus on ASAL Counties
CTS is the only financial institution wholly focused on developing the ASAL counties.
The financial landscape in these regions presents specific challenges: 99% non-titled community land, high poverty and illiteracy rates (22% female literacy versus 59% male), and an 82% youth population.
Financial institutions avoid these regions, resulting in 87% of funding coming from government and NGOs.
CTS provides the majority of private financing exceeding KES 100,000. 90% of all cooperative membership in Wajir is with CTS.
Digital Reach
CTS Digital SACCO
We are progressively developing a digital platform to reach and serve members across all ASAL counties, augmenting our branch-based operations
Our Track Record
Accountable Partner
CTS has a positive experience managing fiduciary funds from development partners, including USAID Kenya Investment Mechanism, Mercy Corps, and DAI, posting excellent outcomes at least cost.
We are concluding partnership negotiations with Mercy Corps for Isiolo, Samburu, and Marsabit Counties, with KDC for wholesale financing, and with the World Bank DRIVE Project for the launch of the MKK Livestock Value Chain product in Wajir.