Page 27 - Ramco JO SACCOStar _Vol 50.indd

FINANCE AND INVESTMENTS

Delegates follow proceedings during the Annual Delegates Meeting

“It is our proposition as the board, to pay The SACCO is implementing a new five- Peter Munya Mr David Mategwa
members a total Sh346 million as dividends year strategic plan 2020/2024 and Cabinet Secretary Kenya Police SACCO
to members at the rate of 17 per cent and projects to grow to even greater heights Chairman
Sh1.94 billion as interest on member financially. The strategic plan will be Mr Solomon Atsiaya
deposits at the rate of 10.5 per cent to bring guided by three key areas of corporate Kenya Police SACCO Mr Edward Mbugua
the gross total to Sh2.3 billion,” Mr Mategwa governance, membership and service CEO Deputy Inspector
reported. excellence and institutional capacity General of Police
development. Mr Ali Noor Ismail
This is unlike a gross total of Sh1.97 Principal Secretary
billion paid to members in the year On the Society’s corporate social
ended 2018 representing an increase of responsibility front, nine classrooms
16 per cent on a pro-rata basis. were constructed at a fee of Sh25 million
in Utumishi Girls secondary school in
This, therefore painted a clear picture of addition to visiting several children’s
the Society’s growth that the SACCO has homes with foodstuffs.
been reporting over the two years. This is
in line with the Society’s implementation Several police sports teams were also
of a five-year strategic plan 2015/2019 supported by a donation of sports
that ended last year. jerseys, with the National Police Service
Commission, selected police stations
Speaking during the event, the chief guest, and field camps benefiting from TV sets
Hon Peter Munya applauded the Society’s and DSTV connection.
efforts in ensuring its membership’s
financial wellbeing and therefore
improving many families nationally.

“I urge the management as well as the staff
to uphold good governance and integrity
at all levels and ensure goodwill in all
the SACCO dealings to ensure continued
growth,” Hon. Munya said.

The impressive growth also included CS Hon Peter Munya receives a copy of the SACCO's Strategic Plan from Mr David Mategwa.
expansion of the Society to reach its
clientele countrywide. This was achieved
with the opening of two more branches
in Nakuru and Kakamega, bringing the
total number to eight nationally.

SACCO Star Magazine | 25