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SACCO INDUSTRY WATCH
SKYLINE SACCO MOVES OPERATIONS
TO NEW PLAZA
By Andrew Kiptanui
The Modern skyline SACCO Plaza in Eldama Ravine town
Skyline SACCO has now shifted its
operation to the newly constructed “We intend to boost this figure by 30% annually to indorse the steady
Skyrise Plaza at the society’s growth of the society’s deposits and to increase the loan portfolio from
headquarters in El-dama Ravine. the current Ksh 745 million for increased revenue,” he said.
The society also plans to grow its asset base to more than Ksh 4 billion in
William Buruett, the society’s chairman lauded the next two years.
stakeholders attending the 28th Annual
Delegates Meeting held at the new premises In order to meet SASRA’s standard of attractive and performing loans, the
dubbing it as a major milestone. The event was society urged members to invest on income generating activities for ease
graced by the Deputy President William Ruto. of repay of loans disbursed to them.
“I am happy to report to the society one the The management recommended payment of interest on deposits and
successful implementation of Skyrise Plaza to housing shares at the rate of 6% and interest rate on other deposits at
the latter as we now are running the institution’s the rate of 3%.
business from our own premises,” Buruett said.
The SACCO posted a leap in membership base by “The SACCO has banked on introduction of advanced products and
11% from 55,700 members in 2016 to a level services for a widened revenue base and offering stellar customer
new of 60,000 members due to refurbished and service delivery to remain robust in the Co-operative sector and to wade
affordable products and services. competition,” Allan Mitei, the SACCO Chief Executive Officer said.
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