Unison remained buoyant in the financial year 2020 maintaining an upward growth trajectory and adequately meeting customers’ financial needs throughout the period.
“The increase was as a result of the confidence our members have on the Sacco. The management also took drastic measures to grow our business channels,” said the Sacco Board of Directors chairman James Muhandi. He spoke during the 43rd Annual General Meeting held at Wiyumiririe Primary School.
According to financial statements presented to members during the AGM, Unison Sacco maintained good performance in most key growth areas.Â
Its Total Asset base increased by 13.54 per cent to Ksh 4.32 billion last year compared to Ksh 3.81 billion in the previous year.
The Sacco loan book went up by 12.33 per cent to reach Ksh 3.65 billion during the year, while the total revenue grew by nine per cent to Ksh 617.5 million.
The Sacco Board of Directors announced the payment of rebates on members’ deposits at 12.2 per cent and dividends on shares at 15 per cent.
Members’ deposits registered an impressive growth last year from Ksh 1.86 billion in 2019 to Ksh 2.22 billion, representing a growth of 19.41 per cent.
