Mafanikio DT Sacco has announced a projected total income of Ksh 316 million for the 2026 financial year, an increase from the Ksh 268.4 million turnover anticipated in 2025.
Speaking during the Sacco’s 50th Special General Meeting (SGM), the Sacco Board Chairman Mr. Cosmus Mutinda attributed the positive outlook to a surge in membership and increased loan disbursements. He noted that the Sacco maintained strong performance throughout the first three quarters of 2025, setting a solid foundation for the year ahead.
Meanwhile, the Sacco is set for a major governance shift. Starting in 2026, the Society will transition to a Delegate System following member approval at the SGM. This move complies with the government mandate requiring Saccos with over 5,000 members to adopt a representative structure.
“This system enhances representation, accountability, and inclusivity, while also reducing the logistical burden of hosting very large meetings,” said Mr Mutinda. “It will strengthen our governance and position the society for sustainable growth.”
Under the new structure, members will elect delegates from seven defined electoral zones to represent them at Annual and Special General Meetings. These delegates will vote on behalf of their constituents and relay board resolutions back to the grassroots level.
Mr. Nelson Nyoro, the County Director for Cooperatives, commended the transition as a “noble and progressive step.”
“The delegate system is embraced by all leading Saccos because of its ability to produce good leaders from the grassroots to the top, fostering sound management and prosperity,” Mr Nyoro stated.
