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Financial Information

The SACCO’s asset base closed year 2015 at Kshs 11,008,833,272= up from 8,550,627,577=, representing a 29.19% growth rate. During the same period, the SACCO’s net loan book closed at Kshs 9,418,959,641= up from Kshs 7,255,037,324= representing a 32.05% growth rate.

The Board of Directors recommended payment of first and final dividend of Kshs 0.19 per share in 2016 (2015, Kshs 0.1825 per share). They also recommended interest on members’ deposit at a rate of 11.5% (2015, 11.25%).

The following are financial highlights to the financial statements projections for the period ending 31st December 2016

INCOME ANALYSIS 2016 2015 %
TOTAL INCOME 1,920,260,148 1,227,499,577 56.42%
EXPENDITURE ANALYSIS      
TOTAL EXPENDITURE 1,295,537,697 945,397,143 37.04%
TOTAL SURPLUS 372,096,280 282,102,434  
FINANCIAL POSITION ANALYSIS      
Asset Base (total assets) 11,046,896,929 8,550,627,577 29.19%
Intangible assets 18,254,182 20,214,575  
Property, Plant and Equipment 232,425,177 232,116,211  
Investments 98,707,629 89,848,180  
Member/Customer deposits 5,827,037,481 4,777,870,785 21.96%
Interest bearing liabilities 1,765,718,041= 1,077,007,034=  
Share capital 568,214,517 506,915,782 12.09%
Core Capital 1,411,653,467 1,044,592,990  
Institutional capital 843,438,950 537,677,208  
Interest on members’ deposits (@ 11.25%: 2015)   368,065,335  
Dividends (@ 18%: 2014)   93,779,420 46.94%
Core Capital/Total Assets Ratio 13% 12% 10.00%
Institutional Capital/Total Assets Ratio 8% 6.3% 8.00%
Core Capital/Deposits Ratio 22% 21.9% 8.00%
Head Office Kiambu Branch Kimathi Branch Thika Branch Limuru Branch Kisumu Branch Bungoma Branch Nakuru Branch

Chai House

Ground Floor,

Koinange Street

P.O. Box 5684 - 00100,

Nairobi.

Tel: 020 - 8050993/4

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Community Centre

Opposite Kahawa House,

P.O. Box 871 - 00900

Kiambu,

Tel: 066 - 2022468/ 2022581/

2022514

Fax: 2022007

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Kimathi House

Upper Ground Floor,

Nairobi.

Tel: 020 8050993/4

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Marafique Plaza

Along Kenyatta Highway,

Tel: 067 - 21382/30691

Thika.

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Gitungo House

Limuru,

Ngenia road,

Tel: 020 - 2378200

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Swan Centre

Oginga Odinga Road,

P.O. Box 3905 - 40100,

Kisumu.

Tel: 057 - 2023781.

Mobile: 0737 - 797382

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Chewai Plaza

Off Moi Avenue

P.O. box 2696 - 50200

Tel: 0737 - 428890

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Masters Plaza

Along Kenyatta Ave.

Nakuru.

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