Page 53 - SACCO STAR ISSUE 43
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SACCO INDUSTRY WATCH
JOINAS SACCO CONTINUES TO REPORT
FINANCIAL STABILITY
Mr Leonard Kanari Karanja, the SACCO Chairman addressing members of the 18th AGM
Kiambu based Joinas SACCO
posted remarkable increase The SACCO’s chairman Leonard Kanari Karanja said that the SACCO has teamed
in key factors of growth Karanja said that membership to the up with the Co-operative Bank of
during this year’s AGM with SACCO stood at 5,111 members, with Kenya to issue to members SACCOlink
an increment of 570 members being ATM cards meant to offer effective,
accessible and sufficient front office
deposits in the FOSA bank recruited during the year. services activities.
increasing to Ksh17.2 million shillings Mr Kanari informed the members on
the Mobile bankingservices which
with savings of 21.1 million. “This notable growth trend depicts the were launched year 2017 to enhance
servicedelivery. He requested them
SACCO’s stability and future viability to embrace it due to its convenience
hence allmembers were requested
In addition, member’s share capital and the members’ unwavering trust to to register to enjoy the service.
rose by 15.5% to stand at Ksh 24.9 transact with the financial institution,”
million while members’ deposits were he said.
indicated to have grown by 14.5% to
Ksh 126.9 million. The management implored members to
continue trading on the FOSA savings
The loan portfolio registered a leap to using paybill 317150 and SACCOlink
Ksh 186.2 million of which Ksh 118.7 ATM that members have enjoyed since
million were aptly disbursed. last year.
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