The total membership of Kivuli Universal Savings and Cooperative Society, based in Kisumu County, has grown to 810, up from 656 the previous year. According to Chairman Kevin Jaoko, the financial year 2025 saw the registration of 171 new members, including 105 women and 66 men.
Delivering his report during the SACCO’s 8th Annual General Meeting at Pap Ndege in Nyakach Sub-County, Jaoko urged members to intensify recruitment drives. He announced that incentives will be introduced to reward those who bring in new members, reinforcing the society’s growth momentum.
Jaoko emphasized the importance of saving, noting that deposits had risen by 74 percent—from KSh 13,018,530 to KSh 22,650,882. He described this as a sign of trust in the leadership and unity among members.
“If we can improve it to 100 per cent in the financial year 2026, then we shall have our share in the cooperative movement not only in the county but also nationally and globally,” he said, unveiling the SACCO’s new slogan.
The chairman reported that contributions reached KSh 10,055,537 by December 31, 2025, compared to KSh 5,194,331 in 2024, marking a 93.59 per cent increase. He said members who had not reached the target of Kshs70, 000 by December 31st, 2025, voluntarily directed the SACCO to transfer their contributions to savings or share capital accounts or Kivuli Housing Cooperative.
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For continuity of the above noble services, he said they registered Kivuli Housing Cooperative Society to facilitate land acquisition and related development agenda, alongside housing cooperative strategic objectives.
He said those who achieved the targets will be shown their plots in or before August 2026.
Share capital contributions also grew, reaching KSh 1,815,836 in 2025 compared to KSh 1,578,743 in 2024, which was an increment of 15 percent. Jaoko encouraged members with the minimum share capital of KSh 5,000 to increase their stakes, strengthening the SACCO’s capital base for better dividends in the future.
On lending, Jaoko revealed that loans worth KSh 16,632,618 were disbursed in 2025. Combined with the 2024 loan balance of KSh 14,707,837, the total loan portfolio stood at KSh 31,340,455. Loan repayments amounted to KSh 12,543,432, leaving a balance of KSh 18,797,023 as of December 31, 2025. He attributed the improved repayment rates to enhanced financial literacy and management procedures and practices among members.
The SACCO also recorded growth in its Christmas account, with contributions rising to KSh 1,709,780 in 2025 from KSh 383,762 the previous year. Withdrawals for festive celebrations totalled KSh 916,580, leaving a balance of KSh 793,204. The year closed with an overall balance of KSh 284,972.
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Jaoko noted that arrears had reduced significantly compared to 2024, when non-performing loans (NPL) exceeded KSh 14 million.
He credited this improvement to stronger financial discipline and the adoption of new technology. Jaoko said the SACCO acquired and installed long-awaited data management software, enhancing efficiency and transparency. Members can now transact seamlessly through a mobile app, enabling them to manage their accounts at the press of a button.
“We report with appreciation that the long-awaited Sacco software for data management was acquired and installed to enhance and improve financial management efficiency.” He said.
In recognition of its progress, Kivuli Universal SACCO was declared the most innovative, most supportive, and best-managed cooperative in Kisumu County during the 2025 Ushirika Day celebrations. The event was attended by Kisumu County Cooperative Officer Dollyne Atieno, Nyakach Sub-County officer Lynda Ombidi, and county auditor Celestine Achieng.
By Fredrick Odiero
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