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SACCO INDUSTRY WATCH
KITE SACCO IMPLORES ON IMPROVING
MEMBERS’ SERVICES
The Chief Guest, Carilus Ademba awards one of the highest savers in KITE SACCO.
Kisumu Teachers SACCO (KITE) Loans disbursed to members amounted The retained earnings of the society
maintained its competitive to Ksh 357.8 million unlike Ksh 232.1 rose to Ksh 95 million while the net
edge in the county by million in the year 2016 while deposits operating income increased to Ksh
reporting growth in asset base grew to Ksh 624.7 million up from Ksh 65.5 million against Ksh 58.9 million in
2016.
amounting to Ksh 810 million 588.8 million in 2016.
against the previous years’ Ksh 731
million.
“The stellar performance is charted by
the prudent steering of the society by a
provident team of management and the
full involvement of the membership in
realizing the essence of existence of the
SACCO,” said Tom Onyona, the SACCO
Chairman.
The 6,980 member KITE SACCO urged
retiring teachers to remain as members
after retirement and channel their
pensions through the society’s FOSA.
Onyona said that this will bolster Tom Onyona, KITE SACCO Chairman addressing delegates of the 39th AGM, 2018
membership growth so as to grow the SACCO Star Magazine |43
financial stake for diversified investment
ventures by the society and hence
improve the living standards of members.
