The Mt Kenya Times 
The incoming Gusii Mwalimu Sacco CEO Jared Omwenga photo /Elizabeth Angira
By Elizabeth Angira
Charles Okerio Omwansa, the retiring Chief Executive Officer (CEO) of Gusii Mwalimu Sacco, recently celebrated his 30-year tenure and shared his journey from a bookkeeper to the CEO position.
Speaking during the celebration of his retirement at Kisii County, Omwansa expressed pride in his achievements and the growth of the Sacco, which now has five branches spread across five regions, six buildings, including a magnificent hotel, and 70 staff members, up from 28 when he first started as CEO.
During his tenure, Omwansa oversaw the implementation of a fully functional core banking system, enabling members to access financial resources from the comfort of their homes through their mobile gadgets.
He also introduced two ATM machines that are connected to all commercial banks and accept verve-enabled cards from other Saccos or financial institutions with similar cards.
Additionally, he implemented an E-loan system, allowing members to apply for loans online using their mobile gadgets.
Under Omwansa’s leadership, the Sacco’s loan portfolio increased from Ksh 441 million in 1993 to Ksh 11.5 billion currently. The Sacco’s share capital also grew from Ksh 14 million to Ksh 697 million, with a membership increase from 35% to 38,751.
Moreover, the share deposits rose from Ksh 523 million to over Ksh 9 billion, with the payout rate for dividend/interest on deposits increasing from 3% to 14% on share capital and 12%.
Omwansa advised other Saccos to embrace proper succession planning to enhance their institutions’ growth to benefit members.
David Ogega, the Sacco’s Board Chairman, praised Omwansa for his visionary leadership that inspired staff to foster quality services and the Sacco’s growth.
“To this growth Mr. Omwansa has been critical part of the matrix, he has been an inspiration to us all,” he said.
The incoming CEO, Jared Moenga, promised to take the Sacco to greater heights and acknowledged Omwansa’s critical role in the growth and expansion of the Sacco.
“He has been sharply focused and determined to ensure that the institution grows to higher heights in terms of member drive, asset base and liquidity, product development, service to membership, regulatory and legal compliance, he said.
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- Mt Kenya Times ePAPER June 24, 2026
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