Page 7 - SACCO STAR ISSUE 43
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COVER STORY
LAVINGTON UNITED SACCO
Empowering Members For
Financial Prosperity!
By Erick Nyakundi
LLavington United SACCO CEO Raphael Kiptui (left) and the Chairman Zachary Kiprotich
avington United SACCO has over the years Addressing delegates during this year’s Annual General Meeting, the
grown steadily proving its resilience. Last SACCO’s national chairman Zachary Kiprotich attributed the growth to
year, the society previously dubbed Lavington good supervision from the top management and shareholder’s good
Security SACCO, posted growth despite the will.
prolonged electioneering period and the
interest rates capping which saw economic slowdown. “I am pleased by the show of commitment exhibited by you in
helping us attend to the affairs of the society. The SACCO continues
The SACCO which borrows its membership from to grow in membership and the management committee feels it as
security guards drawn from leading security firm good progress”, he said.
Lavington Security Company recorded an increase in
total assets to Ksh149.3 million as compared to that of The society registered an increment in member deposits to Ksh67.5
Ksh107.3 million posted in the year 2016. million in the year under review as compared to that of 43.4 million
realized in 2016.
The SACCO’s share capital also grew to Ksh 6.1 million
in 2017 up from Ksh5.3 million registered in the Loan disbursed to members rose from Ksh58.9 million in the
previous financial year. previous fiscal year to Ksh59 million in the year 2017.
SACCO Star Magazine |5
