Page 34 - SACCOStar Mag Vol 46 Press_txt.pdf
P. 34
SACCO NEWS
BANDARI SACCO INCOME HITS KSH1B MARK,
OPENS NAIROBI BRANCH
?^ŽuŽwŽYD?sYOs:?YsŽ? 1
1.02 billion in 2018; an increase of 26
percent. He however said, the gross
STQMNUDQ V@R @?DBSDC AX @M HMBQD@RD HM
administrative expenses.
7KH&KLHI([HFXWLYH2?FHU0U-RVHSK%HH 3GD 2 "". G@R RDS TO @ ETKKX ?DCFDC carry out product innovation and use
making his speech AQ@MBG NODM SN SGD /TAKHB VGHBG N?DQR technology to grow business.
both BOSA and FOSA services. “We are
Bandari SACCO’s income hit the proud to inform you that due to the The SACCO has received various awards
Kshs 1 billion mark following a growing membership and business including, Best Parastatal SACCO, Tier
steady growth in the last one year, ONSDMSH@K HM -@HQNAH SGD !N@QC @BPTHQDC one Coast region and Most preferred
the Society’s chairman Kenneth Sungu a bigger premise at the Nairobi ICD SACCO; Mombasa Business Awards
revealed. Speaking during the SACCO’s &QNTMC%KNNQVGHBGVHKKN?DQ@KK2 "". 2018 organized by KNCCI-Mombasa
44th Annual Delegates Meeting in Services to all its members including the County.
Mombasa, Mr. Sungu said the growth was FDMDQ@K/TAKHB
3GDN?BDHRDWODBSDCSN
@R @ QDRTKS NE BNMBDQSDC D?NQSR SNV@QC commence the FOSA services by March Bandari SACCO is well known for
loans recovery and investments. 2019,” said Mr. Sungu. creating wealth for its members. In
2018, the SACCO declared a Dividend
The chairman further reported that the The Society’s share capital increased by O@XNTSNE@MC(MSDQDRSNMCDONRHS
Society’s income increased steadily
ODQBDMS SN *RGR
LHKKHNM HM NE
from Kshs 993 million in 2017 to Kshs 2018 from Kshs 199.7 million in 2017
while total assets grew to Kshs 8.7 billion 2
in 2018, up from Kshs 7.9 billion in 2017.
“Our membership grew by 11 percent
from 11,676 in the year 2017 to 12,964
in 2018. This is a clear indication that
the marketing objectives and positive
publicity are bearing fruits as members
G@UDBNMSHMTDCSNG@UDBNM?CDMBDVHSG
the SACCO,” Sungu told delegates.
He urged delegates to steer forward
D?NQSR SN HLOKDLDMS SGD RSQ@SDFHB OK@M
by growing membership using agency
banking, social media and referrals,
34
Pic 1: The Chairman Mr. Ken Sungu makes his speech during an Annual Delegates Meeting
Pic 2: Most Preferred SACCO Trophy
Pic 3: Delegates listen keenly during an Annual Delegates Meeting
Pic 4: Bandari SACCO clinches the Most Preferred SACCO award during the Mombasa Business award ceremony 2018
32| SACCO Star Magazine
