Page 40 - Ramco JO SACCOStar _Vol 50.indd
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FINANCE AND INVESTMENTS
STIMA SACCO records SH5.6 BILLION in
TURNOVER
CEO Stima SACCO Mr. Chris Useki reading his speech during the ADM.
By J. Kulova “Our 2019 performance is a clear indication of the financial
health of our Society and the viability of the strategies adopted
Resilient Stima DT-SACCO Society met all annual set during the year. My applause goes to the management for
targets, recording increased turnover of Sh5.6 billion in steering our esteemed SACCO to a promising future, our staff
2019 against a set target of Sh5.2 billion. for working diligently to ensure our members were well served,
and the membership for investing their hard-earned cash in the
The growth from Sh4.6 billion the previous year was reported Society,” Miano said.
during the Society’s Annual Delegates Meeting.
She expressed confidence in the direction the Society had
The performance saw the giant DT-SACCO maintain its position undertaken, with the five-year strategic plan 2019/2024
in the sector as a top tier financial institution, setting pace in guiding pole towards the attainment of set goals.
improving the socio-economic wellbeing of members.
Miano reported that the strategic plan’s theme will be
Challenges in the operating environment notwithstanding, ‘Advancing Sustainable growth through governance, co-operative
Stima SACCO prides in providing seamless products and and operative principles’ and guided by three priorities of
services, with the core mandate of savings mobilization and business growth & brand equity, member value creation, and
provision of reliable and affordable loans to its membership capital & financial sustainability.
remaining the same 45 years down the line.
Speaking during the ADM, the Principal Secretary in the
The Society has continued to advance to remain afloat and Ministry of Agriculture, Livestock, Fisheries, and Co-operatives,
attractive in terms of service delivery, varied income generating Ali Noor, applauded the Society’s growth efforts and assured
channels, as well as rolling out of cutting-edge affordable the ministry’s effort in ensuring conducive environment and
products, aided by technology. policies for growth of co-operatives.
Speaking during the Annual Delegates Meeting (ADM), Stima “As a Ministry, we shall ensure proper governance and ethics in
SACCO Chairman Rebecca Miano acknowledged the strides our SACCOs as we currently strive to ensure SACCOs with an asset
made towards the growth registered in 2019, terming it as a base of more than Ksh100 million are under surveillance by the
milestone achievement. SACCO Societies Regulatory Authority to avoid loss of member
funds,” Noor said.
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