Gusii Mwalimu DT Sacco has recorded impressive growth across key financial indicators, with total assets rising from Ksh16.2 billion in 2024 to Ksh18.4 billion in 2025, representing an increase of 13.3 per cent.
The Sacco also registered steady growth in deposits, loans, revenue and membership, underscoring its strong position within Kenya’s co-operative movement and its commitment to empowering members through accessible financial services.
The impressive performance was highlighted during the Sacco’s Annual Delegates Meeting held at Itibo Resort in Kisii County, on February 25, 2026 where leaders attributed the growth to prudent financial management, strategic expansion and continued support from members.
According to a report presented by then Vice Chairman Timothy Machana, the Sacco’s total members’ deposits grew from Ksh11.1 billion in 2024 to Ksh12.5 billion in 2025, representing a growth of 12.1 per cent.
The Sacco’s loan portfolio also expanded significantly during the period under review, rising from Ksh14.03 billion to Ksh16.9 billion, representing a growth of 20.9 per cent. Total revenue also increased from Ksh2.6 billion to Ksh2.9 billion, representing a 14 per cent increase.
Machana noted that the growth demonstrates Sacco’s continued commitment to supporting members through affordable and accessible loan products designed to improve their economic wellbeing.
He added that the Sacco continues to strengthen its financial base while expanding services to meet the evolving needs of its growing membership. The Sacco also recorded growth in its capital base, with core capital increasing from Ksh3.3 billion to Ksh3.6 billion, representing growth of 8.7 per cent.
Institutional capital also rose from Ksh2.5 billion to Ksh2.7 billion, representing an increase of 8.8 per cent. Machana noted that the strong capital base places the Sacco in a stable position to sustain its growth trajectory while remaining compliant with regulatory requirements set by the Sacco Societies Regulatory Authority (SASRA).
Membership within the Sacco also continued to grow steadily during the year under review. A total of 8,403 new members were recruited during the year, which saw membership increasing from 31,502 members in 2024 to 34,839 members in 2025, representing growth of 11 per cent.
Machana explained that this indicates some members who joined Sacco have not fully utilized its financial products and services. He therefore encouraged members to actively patronize Sacco services in order to maximize the benefits of membership.
Expansion
The Sacco has also continued to expand its physical presence in order to bring services closer to members. During the year under review, Sacco opened satellite offices in Migori, Homabay and Narok counties. Machana said the expansion has enhanced recruitment of new members while improving service delivery both physically and through digital platforms.
“The satellite offices have fostered recruitment of new members and enhanced service delivery both physically and technologically while strengthening collaboration with other stakeholders,” the report stated.
The Sacco also maintained strong compliance with regulatory requirements. According to the report, Sacco’s core capital to asset ratio stood at 19.8 per cent compared to 20.6 percent in 2024, remaining well above the statutory minimum requirement of 10 per cent.
Beyond financial services, the Sacco has also continued to invest in members’ welfare. The management has proposed increasing retirement and benevolent insurance coverage under the Co-operative Insurance Company (CIC) from Ksh10,000 to Ksh50,000 starting March 1.
The proposal aims to help families meet funeral expenses and other emergencies affecting members. Leaders noted that failure by some members to enroll in the scheme has made it difficult for the Sacco to assist them during times of crisis.
Recognition for good governance
Meanwhile, the Sacco continues to receive recognition for strong governance and management.
According to the Supervisory Committee report presented by George Nyamosi, the Sacco was ranked 11th nationally among deposit-taking Saccos regulated by the Sacco Societies Regulatory Authority (SASRA).
The ranking reflects strong governance structures, prudent financial management and high levels of member confidence. Nyamosi confirmed that the Sacco complied with all statutory and regulatory requirements during the year under review.
These include compliance with the Income Tax Act, the Sacco Societies Act 2008, Deposit Taking Regulations and SASRA prudential guidelines on capital adequacy, liquidity, asset quality and governance standards.
He also noted that Sacco has invested heavily in cyber security systems including firewalls and digital platforms to safeguard members’ funds and data. Members can now conveniently access services such as checking account balances and obtaining statements through Sacco’s USSD platform *879#.
Nyamosi encouraged members to utilize the digital platforms for faster and more convenient financial services.
Speaking during the ADM, Commissioner for Co-operatives Development David Obonyo urged Saccos to prioritize affordable credit for members instead of competing through high dividend payouts.
“I appeal to Saccos to invest in technology, strengthen regulatory systems and avoid competing on dividend payouts,” Obonyo said. He noted that although dividends remain an important incentive for members, the long-term sustainability of Saccos depends on strong lending portfolios, sound governance and adoption of modern technology.
He also revealed that the Sacco Societies (Amendment) Bill 2025 is currently pending in Parliament. The proposed legislation seeks to strengthen regulation of the Sacco sector and enhance protection of members’ savings once enacted. He urged Sacco leaders and stakeholders to comply with the provisions of the law once it is passed in order to enhance stability and accountability within the cooperative sector.
Kisii County Director of Cooperatives Dr Tom Nyakweba also cautioned members against defaulting on loans obtained from Saccos. He revealed that some borrowers secure loans and later travel abroad without repaying them, forcing guarantors to bear the repayment burden.
Nyakweba urged members to honour their financial obligations in order to protect guarantors and strengthen trust within the co-operative movement. “I challenge members who secure loans from Saccos to be fair to their guarantors and meet their obligations to avoid conflicts,” Nyakweba said.
By Emmanuel Gwakoi
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