IMARISHA SACCO RECORDS 12.07% ON ASSETS

Imarisha Sacco Chairman Mr.Mathew Ruto addressing delegates

Imarisha Sacco Society Limited has recorded an impressive increase of 12.07% in asset growth to 9,251,602,383.20 and 13.08% in deposits to a tune of Ksh.5,848,789,639.82 as at 31st December 2017, the society’s chairman Mr. Mathew Ruto said this on Friday 20th when he unveiled the 29th Annual Delegate Conference at the Kericho primary school.
Mr. Ruto disclosed that payments of interests on members deposit was at rate of 10.58% and payment of dividends on share capital at rate of 9.92%.

Delegates follow proceedings on chair report and financial statements.

Loan products

New products to boost growth in asset base and income

The Chairman further announced that the Sacco has introduced new loan products among them Pamoja, Chapchap, Soko, Muwa , Kilimo, Chama, Binafsi, Daraja loans. He said that new products would boost the society’s asset base and income.
Technology
The society has  adopted modern technology which includes the introduction of E-loan dubbed M-Ima loan, Agency banking, Digital Cyber centre, E-guarantors and Bio metric system to improve on efficiency and service delivery to its members.

Saving culture

The CEO Imarisha Sacco Mr.Mathew Rotich.Awards the best saver. Parrot account.

To promote the culture of saving and investments, the society  recognized best savers which are in its FOSA and BOSA services. The categories include public servants, teachers, Diaspora, corporate members, parrot and fixed deposits.

Fosa Senior citizen’s account
The Sacco at the same time launched a savings account that will enable its members save while still in service. This savings will cushion them as they wait for their pension which normally takes long after retirement.
 Marketing outlets
To increase its market base, Ruto announced the opening of  new marketing outlets in Eldoret and Narok ,it will soon open similar outlets in Nairobi, Nakuru, Narok, Kilgoris and other target areas.
The delegates in the meeting adopted the chair report and the financial statements.