Page 41 - SACCO STAR ISSUE 43

SACCO INDUSTRY WATCH

BORESHA’S ASSETS GROWTH PLACES
IT AS A TIER ONE SACCO

By P.K Chebii

From Left: Boresha SACCO Chairman Mr. Albert Chebiegon welcomes Baringo Governor Stanley Kiptis during the Annual Delegates
Meeting.
Boresha SACCO total assets base leaped to Ksh 5.8
billion from previous year’s Ksh 4.9 billion, placing “I urge all delegates, to be at the forefront in educating
it at tier one category. members to desire to contribute more than the pegged
monthly contribution amount of Ksh 2,000. It is important
to note that research indicates that at retirement, most

In addition, the Baringo County based SACCO’s retirees regret not saving enough while in service. This

loans and advances to members stood at Ksh 4.49 billion a reiterates that savings and deposits are individual future

growth from Ksh 3.77 billion in 2016. Member’s deposits and key investments,” advised Albert Chebiegon, the SACCO’s

savings skipped to Ksh 3.4 billion from the previous year’s chairman.

Ksh 2.8 billion.

The SACCO’s membership stood at 85,531, an increment of

The society’s core capital was recorded at Ksh 966 million 8,317 new members. This happens in the background of the

exhibiting an increment from Ksh 820 million while the share SACCO having an open membership policy, encompassing

capital included a growth to Ksh 325 million from 2016’s Ksh salaried and non-salaried individuals alike.

285 million.

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