Stima Sacco has recorded 21% growth in revenue to Sh8.96 billion for the financial ending December 31, 2023, compared to Sh7.5 billion the previous year.

The Sacco asset base grew by 10% to Ksh.59.1 billion from Ksh.53.8 billion in the previous year.

The loan book grew by 9.3 % to Ksh.45.2 billion from Ksh.41.3 billion in 2022.

"Our liquid assets against total deposits and long-term liabilities ratio increased from 78.98% in 2022 to 90.08% as at the end of 2023. These figures are well above the statutory required limit of 15%, marking our liquidity ratio as the highest in the market,” said Stima Sacco CEO Gamaliel Hassan

The Sacco Membership also increased by 26,000 to 200,145 representing a 13% growth. The Sacco now targets 30,000 additional members in 2024.

“Our assets under management have seen a substantial increase, reflecting the trust and confidence placed in us by our members. Our loan portfolio has expanded, enabling us to support more members in achieving their financial goals and aspirations. And our profitability remains robust, demonstrating our ability to navigate through challenges while delivering value to our stakeholders.” National Chairman Joseph Siror

Members are also set for a 15% dividend payout on shares and 11% on deposits, with total payout hitting 4.06B in2023

“The Board of Directors recommended the payment of a first and final dividend of 15% share on fully paid-up shares as of December 31, 2023,” said the Chairman