Page 25 - SACCOStar Mag Vol 46 Press_txt.pdf
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SACCO NEWS
SIMBA CHAI SACCO RECORDS
SUBSTANTIAL GROWTH ?:ŽSY<sÐuswŽ
Mr. Joseph Mitei , Chairman.
Simba Chai SACCO
Simba Chai SACCO Delegates during the Annual Delegates Meeting Mr. Wesley Ngeno
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Simba Chai SACCO
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after thorough consultation and scrutiny, the Board of Directors
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%TQSGDQ proposes to pay members dividends totaling to Ksh 4.8 million
the more than 14,000 member co-operative recorded while interest on deposits is proposed to be Kshs 66 million,” said
a turnover of Kshs 170 million. The SACCO reported its Mitei.
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(ADM) held in Kericho Primary School. L@M@FDCSNL@HMS@HMSGDO@XNTSRSNLDLADQR@SHMANSGSGD
The SACCO recorded total assets amounting to Kshs 1.32 year 2017 and 2018.
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#DROHSD@M Among other income generating avenues, Mitei said that the
unsteady operating economic climate, the SACCO reported 2NBHDSXrR%.2 N?BDONRSDC@QDL@QJ@AKDFQNVSGSGQNTFGHSRRGNQS
that its performance exceeded expectations. term advances and salary processing. He added that these products
Speaking during the ADM, the chairman Mr. Joseph Mitei were introduced to meet the short term needs of members.
said that the Society reaped a handsome income from The Society scooped various awards both in the national and
HMSDQDRSRBG@QFDCNMKN@MR@ONQSENKHNSG@SODQENQLDCPTHSD county levels, including being awarded winner in the Champion
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NE &NUDQM@MBD ".& @V@QC AX SGD (MRSHSTSD NE "DQSH?DC /TAKHB
r+N@MTOS@JDQNRDHMSGD?QRSG@KENESGDXD@QCVHMCKDC Secretaries of Kenya, given after thorough scrutiny on governance.
slightly in the second half, but picked up by the close of Besides, the SACCO carried out a customer satisfaction survey in
the year. This brings the total loans disbursed to Kshs 947 2018, geared towards better understanding of its clientele for
LHKKHNM @KSGNTFG HS HR KNVDQ SG@M OQDUHNTR XD@QrR enhanced service delivery.
Kshs 1.087 billion.” Mitei explained that both internal and
DWSDQM@K E@BSNQR @?DBSDC SGD FQNVSG NE SGD KN@M ONQSENKHN The SACCO projects to leverage on its long-term strategies for
but said that it was steady as anticipated. sustainability with key focus on its shareholders.
23| SACCO Star Magazine
