Page 49 - SACCO STAR ISSUE 43
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SACCO INDUSTRY WATCH
TNT SACCO GAINS FROM INCREASED
LOANS UPTAKE
Trans National Times SACCO Chairman Mr. Robert Omari giving his remarks during the ADM.
Trans-National Times SACCO “As the demand for loans increases, while new members joining the society
(TNT) portrayed an upward I appeal to you members to uphold went up by 14% to 9,000 members.
trajectory while releasing the the saving culture and patronage the
2017 financial report during society’s products and services to Omari promised national training and
the 27th Annual Delegates boost income generation to enable our education, aggressive marketing and
Meeting held at Kenya Ministry Training financial independence and shield us improved customer service standards in
Institute in Kakamega County. from the risk of external borrowing,” order to woe more members to register,
advised Robert Omari, the SACCO’s new save, invest and grow their finances
For five years in a row, the SACCO has chairman. with the SACCO.
continued to post steady growth. The
loan portfolio went up by 19% in 2017 The management proposed to pay “Remedial measures are proceeding to
to an amount of Ksh 718 million in members interest on their deposits at a enhance rapid and stable membership
2017 from Ksh 480 million in 2013 rate of 11%. growth to ensure growth of our SACCO’s
with interest on loans growing to Ksh key factors and consequently lead to
147 million unlike Ksh 135 million in Deposits to the SACCO increased by institutional ratios compliance,” he said.
2016. 7% to stand at Ksh 736 million from
an amount of Ksh 685 million in 2016
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