Ollin DT Sacco demonstrated remarkable resilience in its transformative journey, achieving outstanding financial performance in 2024. The Sacco effectively navigated economic and regulatory challenges, enabling it to reward members with impressive annual returns.
During the recent 48th Annual General Meeting held at the Kirinyaga University grounds, the Sacco Board of Directors announced a dividend payment of 17.5% on shares and rebates of 12.2% on deposits. The rates are among the highest in the country. The Sacco distributed approximately Ksh 850 million to its members, an increase from Ksh 701 million the previous year.
The Sacco’s gross revenue increased phenomenally by 23.22%, reaching over Ksh 1.69 billion in 2024, up from Ksh 1.37 billion in 2023. This growth was fueled by a 15.5% rise in loan uptake, expanding the loan book to Ksh 8.93 billion in 2024 from Ksh 7.73 billion in 2023.
Ollin Sacco has maintained competitive loan rates for its members, supporting them in improving their economic status. To enhance service delivery, the management re-engineered products to better meet members’ needs and expectations and improved loan processing efficiency, achieving a turnaround time of less than 24 hours.
Additionally, the Sacco increased the utilization of alternative business channels and ensured prompt processing of salaries, pensions, and farm produce payouts, along with the swift settlement of members’ welfare and risk fund claims. These efforts contributed to a rise in members’ patronage of Sacco products, further boosting business and income.
The financial stability of the Sacco remained exceptionally strong, with share capital increasing by an impressive 41.35%, growing from Ksh 464.5 million in 2023 to Ksh 656.6 million in 2024. The Sacco total assets hit Ksh 11.67 billion as of December 31, 2024, up from Ksh 9.95 billion in 2023, a 17.39% growth. BOSA Deposits increased by 18.06%, reaching over Ksh 6 billion in 2024, compared to Ksh 5 billion in 2023, powered by a 21.50% growth in total membership, which rose to 35,198.
With technology driving Ollin operations and service delivery, the Sacco Board of Directors is planning to procure a new core banking software to enhance its mobile banking solutions. As the Sacco continues to leverage technology, the leadership is committed to bringing services closer to people by opening strategic branches in major towns across the country. Currently, the Sacco operates 11 fully functional branches and plans to open new offices in Kilgoris, Machakos, and Mombasa.
“At Ollin, we are defined by a culture of discipline, professionalism, hard work, performance excellence, and impeccable customer care. These values separate the best from the rest. We are the best.”
 ~ Mr John Gathige CEO.
50 Years of Excellent Service
“Ollin Sacco will celebrate its 50th anniversary on June 14, 2026. This will mark our Golden Jubilee celebrations. The Sacco will engage members in various ways to ensure the day is a success,” stated Mr. Cyrus Kabute, the Sacco Chairman.
He noted that the Sacco will expand its business horizons to attract more youthful members. “The Board is developing structures that will appeal to young members by initiating youth empowerment programs,” Mr. Kabute said.
The Sacco has also established the Olligen Insurance Agency to provide general insurance coverage for its members.
Ollin Expands Reach with New Branch in Kiambu Town
Good news for the residents of Kiambu County: Ollin DT Sacco has opened a new branch in Kiambu town, conveniently located at ACK Bishop Ranji House. This new branch marks a significant milestone, providing residents access to personalized savings accounts, affordable loan options, and profitable investment solutions.
For over 49 years, Ollin Sacco has established itself as a leading financial institution dedicated to delivering affordable financial services that empower members both socially and economically.
During the branch opening, the Sacco Chairman, Mr. Cyrus Kabute, highlighted that the expansion is part of Ollin’s strategic plan to bring services closer to members and enhance its market reach.
“We conducted a comprehensive feasibility study demonstrating that our Sacco has significant opportunities for business growth in the town. We’re committed to providing residents with exceptional customer care and innovative financial solutions that will truly empower them,” he stated.
Mr. John Gathige, Ollin Sacco CEO, hailed the opening of a new branch as another significant achievement in the organization’s mission to transform lives.
“We believe this is the Lord’s doing, and we are humbled as we dedicate all our efforts to God so our plans can succeed. The opening of this branch will allow people in this region to start benefiting from our innovative services,” he stated.
Ollin Sacco has been on an upward trajectory since opening its common bond in 2014. Established in 1976, the Society serves individuals from all walks of life and has experienced a successful transformation journey. It is regulated by the Sacco Society Regulatory Authority (SASRA) as a Tier-1 Deposit-Taking Sacco.
The institution has climbed the ranks to join the elite cooperatives’ club, growing exponentially over the last eight years with over Ksh 9 billion. “We project that by 2030, Ollin Sacco will be valued at over Ksh 30 billion. Our vision is to empower our members both socially and economically. We always emphasize that we do not conduct business with our members; we are also not in competition. Our primary goal is to transform lives, guided by our core values of integrity, professionalism, and teamwork. Together, we prosper, and every member is important to us,” said Mr Gathige.
Ollin Sacco boasts an extensive nationwide network comprising 11 physical branches and over 50 Sacco agents, ensuring that members access convenient banking services anytime, anywhere.
Its membership has steadily grown to around 40,000 active members, both locally and internationally, making it a prominent global financial institution.
The Sacco’s success over the years is attributed to its provision of affordable and accessible loans, attractive annual returns, commitment to Christian principles, strong governance structure, and a professional, competent staff.
Additionally, the Society has harnessed technology to offer innovative financial solutions, striving to remain relevant and competitive in the industry. Management continuously reviews the business model to adapt to a dynamic business environment.
“Ollin Sacco is a pacesetter in using technology to serve members, and our team is agile in creating a better future,” said Mr. Gathige.
The new Kiambu branch targets teachers, civil servants, county government employees, private sector workers, business people, and micro, small, and medium enterprises, as well as institutions. The Sacco plans to enhance members’ capacity by organizing member information days to promote financial literacy. The Sacco management is confident that the branch will achieve break-even status within this year.
This year, Ollin Sacco’s growth plan is centered around digital and operational efficiency, with a strong emphasis on customer centricity.
“We believe in our dreams. We are dreamers, and we have to work towards those dreams. It’s not enough to have policies on paper; we want to actively implement them to ensure that we continue transforming lives,” said Mr. Gathige.
A strong governance structure sets the Sacco apart from others. Governance is a key factor in management, ensuring ethical and sustainable practices to serve all stakeholders and drive desired growth.
Mr. Gathige expressed confidence in the Sacco team in Kiambu, stating that they are equal to the task of achieving ‘Widely Important Goals.’ “By June 2026, this branch should be out of the woods; we aim to achieve a break-even point and stay on a stable path,” he affirmed.
He urged the Sacco staff to visualize, actualize, and realize their targets. “Your strength will not come from winning; it will come from struggles and hardships. Embrace your full potential and maintain professional ruthlessness. In my 26 years in management, I’ve observed vast differences between what a group of people cannot achieve and what a cohesive team can achieve. Work together to exceed expectations. Together, we will achieve more,” he advised.
Mr. Gathige encouraged staff members to adapt to changes, embrace artificial intelligence, and adopt the right mindset. “At Ollin, we are defined by a culture of discipline, professionalism, hard work, performance excellence, and impeccable customer care. These values separate the best from the rest. We are the best,” he stated.
The Sacco plans to launch an aggressive marketing campaign in Kiambu as it seeks to recruit more members and forge partnerships with various stakeholders. “Successful people see opportunities in every difficulty rather than difficulties in every opportunity. At Ollin Sacco, we do not simply follow established paths; instead, we carve our own path and leave a trail,” Mr. Gathige remarked.
Prof. Paul Kibicho, the Sacco Brand Ambassador, urged members to adopt an open mindset and maximize Ollin’s excellent products to enhance their lives.
Mr. Peter Ndegwa, the Kiambu Cooperative Officer, welcomed the Sacco to the county, noting that its entry into the market will positively impact people’s lives, given its success in other counties.
17.5%
Dividends Rate
Ksh11.67
Total Assets
