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 ET/Vol.II/2010/1047 10th August, 2010 The Chairman ……………….. SACCO Society Limited …………………… Dear Sir/Madam, RE: NATIONAL SEMINARS FOR SEPTEMBER, 2010 ________________________________________________________________________ We hereby inform you that our programmed National Board and Staff seminars for the month of September will take place as indicated below. SEMINAR TITLE : FOSA OPERATIONS AND MANAGEMENT TARGET GROUP : FOSA COMMITTEE DATE : 14TH-17TH September, 2010 Reporting: Monday evening 13th September 2010. Departure: Friday morning 17th September 2010 after breakfast. VENUE : Garden Hotel – Machakos SEMINAR OBJECTIVE: Participants will be expected to understand the basic FOSA Operations and challenges that include legal requirements for FOSA Operations. COURSE CONTENT - Definition and background of the FOSA activity.
- Overview of FOSA Operations
- Legal requirements for FOSA Operations (Under CAP 490,SACCO Act 2008 and Regulations 2010)
- Development and Pricing of FOSA Products
- Customer care and retention in FOSA Operations(Customer Relationship Management)
- Risks associated with FOSA
The Union will charge a modest fee of Kshs.45,000/ VAT inclusive per participant to cater for full board, accommodation, facilitation, certificates and study materials.
NATIONAL STAFF SEMINARS
I.SEMINAR TITLE : CORPORATE LIQUIDITY MANAGEMENT AND COST CONTROL TARGET GROUP : ACCOUNTANTS/FINANCE MANAGERS DATE : 6th– 10th September, 2010 Reporting – Monday evening 6th September, 2010 Departure – Friday 10th September, 2010 after breakfast VENUE : REEF HOTEL - MOMBASA
SEMINAR OBJECTIVE: Every credit organization needs to put in place a liquidity management system that would address the delicate act of balancing loans, reserves and budgets both capital and revenue expenditure. It is in this regard that participants will be expected to understand the most effective means of controlling costs and managing liquidity. COURSE CONTENT - Introduction: Defining Liquidity.
: Liquidity management system. - The Role of and need for reserves. Understanding causes of diminishing liquidity.
- Loan Administration/Documentation and securities
- Budgets and controls, capital vs. Revenue expenditure.
- Investments-Longterm vs. Quick return.
The Union will charge a modest fee of Kshs.45, 000/ VAT inclusive per participant to cater for full board, accommodation, facilitation, certificate and study materials. II.SEMINAR TITLE : TODAY’S PROFFESSIONAL TELLER TARGET GROUP : TELLERS / CASHIERS DATE : 20TH – 24TH SEPTEMBER, 2010 Reporting – Monday evening 20th September, 2010 Departure – Friday morning 24th September, 2010 after breakfast VENUE : SEASONS HOTEL – NAROK
SEMINAR OBJECTIVE: To enhance service delivery through adopting faster, efficient and effective cash handling processes. COURSE CONTENT - Maintaining successful Customer Relationship.
- Cash handling
- Detecting and preventing fraud and forgeries
- End of day procedures – balancing day’s work and tracing differences
- Maintaining the teller work station
- Public relations
- Integrity and ethical standards
Charges:- KES. 25,000/ incl. VAT to cater for fullboard accommodation, facilitation / study materials only. Methodology:- PowerPoint presentation, Lectures, group exercises. Kindly confirm your participation by filling in the attached form and forwarding them to the undersigned 7 days before start of the seminar. Ensure that your cheques are made out in the name of ‘KUSCCO Education Services’.
Note:- KUSCCO Ltd is duly registered with the DIRECTORATE OF INDUSTRIAL TRAINING as a training provider Ref. DIT/TRN/405 With Co-operative regards, James Ole Nkiti EDUCATION AND TRAINING MANAGER ET/Vol.II/2010/1049 10th August, 2010 The Chairman ……………….. SACCO Society Limited …………………… Dear Sir/Madam, RE: AUDIT COMMITTEE ORIENTATION COURSE 
As one of the compliance requirements of the SACCO SOCIETIES ACT No. 14 of 2008 as stipulated in regulation No 57 of the SACCO SOCIETIES (DEPOSIT TAKING SACCO BUSINESS) REGULATIONS 2010, SACCO societies operating front offices are now required to constitute an audit committee within the board. This committee will be expected to amongst others, review the financial conditions of the SACCO society, its internal controls, performance and findings of the internal auditor and to recommend remedial actions at least once in every three months. In order to ensure that the new sub committee fits into the existing organization structure without causing any inter or intra role conflicts in the performance of its duties, KUSCCO limited has planned for an induction course to take the members through the following areas: - Audit and investigation-An overview of the audit function.
- Composition of the audit committee.
- Roles and responsibilities of the audit committee.
- Relationship between the audit and supervisory committee.
- The roles and functions of the internal auditor
- SACCO internal controls.
- SACCO Act 2008 Regulatory requirements.
The course will be held from 6th September to 10th September, 2010 at the Reef Hotel, Mombasa. Reporting date is the evening of 6th September 2010 and departure will be 10th September 2010 after breakfast. Kindly send your three nominees of the audit committee to attend this very important course. The cost per participant will be Kshs 45,000 to cater for full board accommodation, facilitation, training materials and certification only. With Co-operative regards, JAMES OLE NKITI EDUCATION AND TRAINING MANAGER ET/SEMINARS/INDIA/1108 9th August 2010 The Chairman …………………….. SACCO Society Limited ………………….. Dear Sir/Madam, EDUCATION STUDY VISIT TO INDIA – 22ND – 29TH SEPTEMBER 2010 Kenya Union of Savings and Credit Co-operatives (KUSCCO) Limited is pleased to invite you to participate in the International Education visit to India from Wednesday, 22nd September to Monday, 29th September 2010. India is a fast developing nation that has made strides on issues pertaining to co-operative development right from pre-independence days in the early 1940’s. The main objective of our International Educational tours is to expose Kenya SACCO Leaders and Managers to the governance, leaderships and management practices as experienced in other countries for the benefit of Kenya SACCO Movement. This tour will enable Kenyan Cooperators share their experiences, compare notes, exchange ideas, technologies and perspectives with their Indian counterparts. The Education Study visit shall be appropriate for Committee members and Managers of SACCO Societies. The participation fees shall be Kshs.250,000/- per participant to cover visa fee, air travel, accommodation, meals, official local travel in India. Out of pocket allowance and other incidental expenses shall be borne by the individual SACCO Societies. Kindly forward your cheque together with the following documents to KUSCCO Headquarters as a matter of priority: · Original Passport · 2 Coloured Passport size photographs · Yellow fever vaccination card (less than 1 month). Yours faithfully, James Ole Nkiti EDUCATION AND TRAINING MANAGER 
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