Page 15 - SACCOStar Mag Vol 46 Press_txt.pdf

SACCO NEWS

Kenya Police SACCO National Chairman Mr David Mategwa, The board recommended disbursement of Kshs 284.46
OGW, ICUDE giving his remarks during the SACCO ADM LHKKHNM@RCHUHCDMCRNMRG@QDB@OHS@K@SSGDQ@SDNE@MC
interest on deposits amounting to Kshs 1.66 billion at a rate
The investment arm has ongoing projects in Kiserian, Nakuru NE

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and Eldoret where land is sourced and subdivided to members. unlike Kshs 1.66 billion pay-outs to members in 2017.
However, the management intends to diversify income
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HM KHMD VHSG SGD FNUDQMLDMSrR !HF %NTQ FDMC@ NM @?NQC@AKD to an end this year, the Society’s board carried out an
housing. evaluation and review of the strategy, in a bid to identify
“Let us patronize the few remaining plots in the project areas, priority areas of focus in the last year of its implementation.
as well as other products and services provided by our Society. r3GD AN@QC @MC L@M@FDLDMS VHKK AD VQHSHMF @ MDV ?UD
3GHR VHKK DMRTQD ?M@MBH@K RTRS@HM@AHKHSX NE ANSG NTQ 2 "". @R year strategy for the period 2020-2024 with key focus
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2NKNLNM on steering the Society to greater growth heights,” said
Mategwa.
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In the meantime, the Society made milestones in the
Delegates of Kenya Police SACCO voting during the ADM year ended 2018, with trophies of awards won in various
categories. For instance, the institution received four
trophies respectively for being in the third position in Tier 1
SACCOs as; best managed countrywide, best managed, best
in credit management, as well as best in capitalization. The
SACCO also emerged as the second best in risk management
in Tier 1 SACCOs during the 2018 Ushirika Day celebrations.

The 47 years old institution has plans on course to open
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complete and as the chairman announced, will be opening
up doors for operation by the end of March this year.

The 2019 ADM was graced by the chief guest, Hon. Dr.
Fred Matiang’i, Cabinet Secretary Ministry of Interior
and Coordination of National Government who was
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Inspector General Joseph Boinnet and Deputy Inspector
General Kenya Police Service, Edward Mbugua. The CS and
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and stability. Dr. Matiang’i took the opportunity to direct
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have mismanaged members’ funds case in point being the
troubled Ekeza SACCO.

Interior CS Fred Mating’i, former IG Joseph Boinnet, National Chairman Kenya Police SACCO
Mr. David Mategwa and board members together with invited guests during the ADM
13| SACCO Star Magazine