…towards a prosperous future together
Stima Sacco Hosts 3rd Investors Briefing
Stima DT Sacco has taken a bold step in bolstering its engagement with members and stakeholders by hosting its third Investors Briefing 2025. This pivotal event underscored the Sacco’s unwavering commitment to keeping its members well-informed while upholding principles of accountability and transparency in all its operations.
It has fostered an inclusive environment where every member is empowered to contribute to the growth of the Sacco.
The Society’s strong governance structure and steadfast accountability to members and partners have facilitated impressive growth and success in its service delivery.
Through engagement, the Sacco leadership has enhanced stakeholders’ trust and empowered members to actively participate in the journey towards a prosperous future together. The Investors Briefing forum served as a platform for meaningful dialogue, strengthening the bonds within the Sacco community and setting the stage for future accomplishments.
To the Sacco leadership, members’ feedback, engagement, and trust are invaluable in delivering greater value and impact. In 2024, Stima Sacco advanced its financial literacy through webinars, training and community programs.
Representing Dr. Eng. Joseph Siror, Stima DT Sacco National Chairman, at the colourful event, director Geoffrey Mulli reaffirmed the institution’s commitment to financial stability and member-focused growth.
“The Board is committed to exemplary governance, sustainable success, and maximizing value for all stakeholders. We believe that our strength lies in collective effort and teamwork, and we are dedicated to uniting our efforts as we journey towards a prosperous future together. We will continue to actively engage our members and enhance our financial literacy programs,” said Mr. Mulli.
He stated that Stima Sacco remains resilient and innovative in delivering value to its members, emphasizing the Board’s readiness to redefine sustainable socio-economic wellness for members.
The Society recently held its annual delegates meeting, celebrating a stellar financial performance for the year ending 31st December 2024. Financial reports indicate that the Sacco achieved remarkable growth across all the key performance indicators.
“The Sacco continues to scale new heights with tremendous growth year after year. In 2024, our deposits increased by 8%, rising from Ksh 43.13 billion in 2023 to Ksh 46.69 billion. Our loan portfolio also grew by 11%, expanding from Ksh 45.15 billion in 2023 to Ksh 50.24 billion in 2024,” Mr. Mulli told the investors forum.
As the country’s second-wealthiest DT Sacco, the Society recorded a 12% increase in its balance sheet size, reaching Ksh 66.44 billion in 2024. Its total revenue also surged from Ksh 8.95 billion in 2023 to Ksh 10.26 billion, bolstered by Ksh 1.8 billion from investment income.
“The strong financial performance reflects our commitment to sound management, prudent risk practices, and delivering value to our members,” stated Mr. Mulli.
The Sacco aims to grow its total assets to over Ksh 74 billion and achieve a turnover of Ksh 12 billion in 2025. Additionally, the management plans to recruit 40,000 new members this year. Last year, its membership increased from 200,145 to 220,650, driven by the Society’s commitment to providing tailored financial solutions that effectively meet the needs of its members, empowering them for life in areas such as home ownership, education, and business growth.
Stima Sacco has maintained a strong financial muscle, with its core capital increasing from Ksh 10.6 billion to Ksh 13.4 billion in 2024, ensuring financial security for members. The Society’s liquidity ratio also improved from 90.08% to 94.95, closing the year with a cash and cash equivalent totaling over Ksh9 billion.
The Society has diversified its revenue streams, boasting an investment portfolio that exceeds Ksh8 billion.
Owing to these exemplary financial results, Stima Sacco distributed a total payout of Ksh 4.57 billion to members, up from Ksh 4.06 billion in 2023. Members enjoyed an attractive dividend of 16% on shares and an 11% interest rebate on their deposits
“As a Depositing Taking Sacco deeply rooted in the principles of mutual support and collective prosperity, we understand that our success is intrinsically linked to the well-being of our members, the communities we serve, and the environment we all depend on.”
~ Dr. Eng. Joseph Siror,NATIONAL CHAIRMAN.
AWARDS
The Sacco received several prestigious awards affirming its leadership and excellence in 2024. It received the Top Star Brand award for the best Sacco 2024, the Most Preferred Sacco in Mombasa Business Awards, the 2024 Digital Tech Award, the Best Sacco in Property Finance Solution 2024 in Real Estates Awards, and 1st Runners up as Best Insured Cooperative Society and Winner, Highest Shareholding Category Parastatal in Cooperative Insurance Society awards. The Sacco was also ranked the best cooperative in the Nairobi International Trade Fair. The awards crowned the Sacco’s 50 years of financial service excellence since 1974.
“Our focus is to ensure sustainable growth, embracing technology and deepening member engagement. We reaffirm our commitment to strong governance, accountability, transparency, ensuring that Stima Sacco remain a trusted institution. Our priority remains ensuring customer experience and industry leadership,” said Mr Mulli.
The Sacco National Treasurer, CPA Mary Maalu, affirmed Stima’s ability to continue to deliver strong financial performance, remaining compliant with all regulatory requirements and business success for its shareholders.
Dr. Gamaliel Hassan, Ph.D, the Sacco CEO, stated that they have built a strong foundation for the next 50 years.
“We are committed to safeguarding members’ deposits while delivering competitive returns. Our commitment to financial sustainability and strict adherence to regulatory requirements continues to drive our success,” said Dr Hassan.
From humble beginnings, the Sacco has grown into a pillar of resilience, a catalyst for economic empowerment, and the leader in the cooperative movement. “We are not just a financial institution, we are a movement, a force for change and a partner in the prosperity for over 220,000 of our members,” Dr Hassan stated.
The CEO described the year 2024 as a defining chapter in Stima DT Sacco’s history, highlighting its strength, agility, and unwavering commitment to members.
“Our growth numbers are not just statistics. They represent dreams fulfilled, businesses funded, homes built and futures secured. They represent the power of collective progress,” he said.
STRATEGIC DIRECTION
Stima Sacco leads in innovation and service excellence, adopting the best technology to deliver accessible and convenient financial services. The Sacco has embraced AI and data-driven services, enhancing accessibility and inclusivity and ensuring all members benefit from its services regardless of location.
Under its new Strategic Plan for 2025 to 2029, the Sacco is embarking on a transformative journey anchored on four key pillars. The first pillar, Business Development, aims to expand the Sacco’s reach and enhance its impact in the community. The second pillar focuses on Operational and Service Excellence, with a commitment to harnessing technology to revolutionize digital services. This will be achieved through AI-driven solutions and seamless online platforms that improve customer experience. The third financial sustainability focuses on building a future-ready Sacco, and the fourth pillar centers on people and culture by investing in talent development and nurturing a culture of high performance and excellence through rewarding innovation to drive continuous improvement.
“We will generate sustainable surpluses while keeping loan rates affordable. We will expand our balance sheet with prudent financial resource management and enhance liquidity and investment for the long term stability,” said Dr Hassan.
Beyond financial growth, Sacco recognizes its responsibility to society and the environment and has embraced environmental, social, and governance (ESG) principles.
In 2024, the Sacco took bold steps to empower MSMEs and youth entrepreneurs, disbursing over Ksh3.5 billion to them.
The Sacco also promoted affordable housing and green energy, investing Ksh 1.7 billion in housing, water, and electricity projects.
“Our purpose is to build wealth responsibly, to uplift communities and to champion financial inclusion to all,” said Dr Hassan, who was recently recognized among the 50 Most Influential and Inspirational Muslim CEOs in Kenya (2024/2025).
With unwavering commitment, unshakable unity, and an unrelenting drive for excellence, Stima Sacco is redefining financial empowerment.
“We are not just a financial institution, we are a movement, a force for change and a partner in the prosperity for over 220,000 of our members.”
~ Dr. Gamaliel Hassan, Ph.D, CEO.
