Kiliifi based Imarika Sacco recorded a net profit of KSh323.8 million for the year ending December 31, 2023. A year earlier it posted a net profit of KSh397 million.
Total assets for the Sacco rose from KSh13 billion as compared to KSh11 billion in 2022.
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In itd financial statement published in a local daily on February 24, the proposed dividends to members increased from KSh105 million to KSh140 million in 2023.
The Sacco with over 100,000 members realised a comprehensive income of KSh320 million in the year under review while in 2022 the income was KSh395 million.
Then known as Malindi Teachers Sacco in 1972 during its inception, it has grown to become – a steady and reliable financial institution — has become a beacon of hope and stability for people in Kilifi and beyond.
By Sacco Review Reporter
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