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SACCO INDUSTRY WATCH

WAKENYA PAMOJA:

THE FASTEST GROWING SACCO IN KISII COUNTY

Wakenya Pamoja SACCO Board of Directors

By Noah Amunga

Kisii based Wakenya Pamoja SACCO has recorded a 28
per cent growth in pretax earnings from Sh32 million in
2017 to Sh41 million by the close of 2018.

This was revealed in the financial “Following the reported growth rate, the support the membership accorded to the
reports for the year ended December board proposes to pay Sh11 million as leadership over the years as well as good
2018 released during the SACCO’s 28th dividends to all members with a minimum corporate governance.
Annual Delegates Meeting held at the of ten shares and above at a rate of Sh5
Gusii Institute of Technology. per share up from Sh4 per share paid The event, attended by key decision
in the previous year,” said Mr Hezekiah makers in Nyamira and Kisii County
In addition, the loan portfolio grew by a Nyasamba, the Society’s chairman while Ministries of Industry, Trade and Co-
paltry 2.4 per cent from Sh636 million in addressing delegates during the event. operatives, was a platform for the
2017 to Sh652 million in the year 2018. leadership and members of the Society
Membership has also increased by 5.6 Nyasamba pinned the continued success to review past performance and find
per cent. of the Society to the unity and the new ways of strengthening the SACCO
operations for continued growth.

26| SACCO Star Magazine