Page 21 - SACCOStar Mag Vol 46 Press_txt.pdf
P. 21
SACCO NEWS
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Kshs 34 Million
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Kimbilio Daima SACCO recorded an upward growth trajectory as
deposits rose to Kshs 184.66 million in 2018 from Kshs 166.03
million in 2017.
Speaking during the 2019 Annual Delegates Meeting (ADM) the institution’s
chairman Mr. Cheruiyot Bii said that membership had increased from
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“Let me take this opportunity to applaud the SACCO membership for
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institution,” Bii said.
The Society disbursed loans to members
amounting to Kshs 136.63 million during
the year under review relative to Kshs
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of account holders with the Society rose
to 20,637 in 2018 from 18,887 accounts
held in 2017, whereas the surplus increased in 2018 to stand at Kshs 34 million from Kshs 28.06 million held in the year
2017.
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in order to increase the total income. On this note, the Society’s management plans to develop the purchased plot measuring
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projects and has others lined up for the current year.
Among the completed ones includes gate construction to Chebangang Day Secondary School, and water tanks to Kabaibai and
Kimulot Secondary School. Some of the projects awaiting completion include gates construction to Kebumbur and Kenygoro
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19| SACCO Star Magazine
