Sacco’s asset size jumps by 15.56 per cent to reach Ksh 3.6 billion
The Sacco Board of Directors declared a dividend payout at a rate of 14.5 per cent and interest on members’ deposits at a rate of 10 percent.
According to Sacco’s annual report and financial statements for the fiscal year 2020, it had a total income of Ksh 420 million. The Share capital increased from Ksh 206.6 million in 2019 to Ksh 229.1 million in 2020, while members’ deposits rose to Ksh 2.4 billion to Ksh 2.77 billion in 2020. The Sacco loan book grew by 10.87 per cent from Ksh 2.45 billion in 2019 to Ksh 2.75 billion.
