Loan Book Crosses the Billion Mark
Centenary Sacco has announced a period of remarkable financial growth for the year ending December 31, 2025, signaling a new era of stability and member-centric prosperity. Backed by unwavering member trust and a diverse portfolio of financial solutions, the Sacco’s key performance indicators all trended upward, culminating in a generous dividend declaration.
The Sacco significantly bolstered its financial muscle, reporting a 15.3% growth in core capital and an impressive 31% surge in institutional capital. Share capital also grew by 7.9%, while member deposits rose by 10% to reach Ksh1.2 billion, up from Ksh1.09 billion in 2024. This steady trajectory reflects a healthy institution committed to long-term value creation.
“These results highlight tremendous growth for our Society. We continue to encourage our members to save consistently, not only for high annual returns but also to increase their eligibility for larger credit facilities,” said Joseph Magambo, the Sacco Chairman, during the 22nd Annual Delegates Meeting.
Turning Dreams into Reality
Beyond the balance sheets, Centenary Sacco’s true success lies in its ability to uplift the socio-economic status of its members.
Consider the story of Beatrice Mukami, a small-scale farmer in Nkubu. For years, Beatrice struggled to expand her dairy farm due to a lack of capital. Through Centenary Sacco, she secured an affordable development loan that allowed her to purchase three high-yield cows and install a modern milking system. Today, her daily milk production has tripled, and she has used her increased earnings to pay school fees for her children and diversify her farming.
“Centenary didn’t just give me a loan; they gave me a lifeline,” Beatrice says. “The process was fast, and the interest rates allowed me to grow my business without the stress of predatory lending.”
Empowering Members through Flexible Credit
The Sacco remains a pillar of affordable credit. In 2025, loan disbursements grew by 9%, totaling Ksh858.9 million compared to Ksh789 million the previous year. This pushed the Sacco’s gross loan book to a new milestone of Ksh1.125 billion.
To ensure inclusivity, the Sacco has introduced flexible collateral options. Members are no longer limited to using guarantors; they can now secure large-scale or long-term loans using personal property such as logbooks, title deeds, and fixed deposit receipts.
“We offer tailor-made, affordable loan facilities designed to meet the diverse financial needs of our members. This reinforces our commitment to financial empowerment and sustainable growth,” Mr. Magambo noted.
The Sacco’s total assets jumped by 11% to reach Ksh1.71 billion, while total revenue grew significantly to Ksh258.61 million. As a result of this stellar performance, the Board declared a 12% dividend on Share Capital and 10% interest on Deposits.
“Your trust is our foundation. Thank you for being part of a Sacco that truly makes a difference in your financial journey. Invest more, save more, and you will earn more,” Mr. Magambo told the delegates.
Governance and Innovation
The Sacco’s Supervisory Committee expressed satisfaction with the Society’s management, confirming that proper books of account were maintained and that internal controls remain robust. Currently, the Sacco serves over 69,500 members across seven branches: Meru, Chuka, Kinoro, Mutuati, Marimanti, Timau, and Nkubu.
The Chief Guest, Meru County Director of Cooperatives Zachary Njeru, commended the Sacco’s resilience. “Good governance is the cornerstone of every thriving institution. Centenary Sacco has proven its resilience against economic headwinds and should continue to innovate to provide modern financial services,” he said.
Through the Centenary Foundation, the Sacco already supports students in national schools and universities, but the next frontier is technological.
As a future-ready institution, the Sacco is leaning heavily into digital transformation. Phineas Kithinji, the Sacco Chief Executive Officer, emphasized that the Sacco is leveraging technology to serve members nationwide and beyond. “We are a future-ready institution. Our goal is to ensure members get fast, secure, and convenient financial services anywhere, anytime. We are constantly researching to develop products that stay in sync with our members’ evolving needs,” Mr Kithinji said.
Founded in 1999 to provide efficient and accessible financial services, Centenary Sacco welcomes individuals from all walks of life—from civil servants and entrepreneurs to small-scale farmers and casual laborers. The Sacco’s objective remains to provide affordable credit and financial management skills that drive members toward economic prosperity.
Mission
To efficiently mobilize resources, provide market-led financial solutions to our members with a strong commitment to a
positive socio-economic change
Vision
To be the leading SACCO nationally in providing financial services.
