Mentor Sacco AGM proposes Ksh1.64 billion member returns

Mentor Sacco members following proceedings during the 49th Annual General Meeting.

Mentor Sacco Society Limited has proposed member returns totaling Ksh1.64 billion, including a 15 per cent dividend on share capital and 12.5 per cent interest on non-withdrawable deposits, following a strong financial performance in 2025.

The proposal was announced during the Sacco’s 49th Annual General Meeting (AGM) held on January 31, 2026, in Murang’a, where members reviewed the Society’s financial results for the year ended December 31, 2025.

The Sacco reported an improved surplus before tax of Ksh391.9 million, up from Ksh318 million in 2024, supported by growth in lending and member deposits. Total revenue rose by 18.2 per cent to Ksh2.55 billion, driven largely by interest income.

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Mentor Sacco’s total assets expanded by 17.2 per cent to Ksh18.47 billion, while loans and advances to members increased by 21 per cent to Ksh14.09 billion, maintaining a healthy loan-to-deposit ratio of about 100 per cent.

Membership grew to 51,531 in 2025 from 44,083 the previous year. Asset quality also improved, with loan delinquency declining from 5.9 per cent to 3.75 per cent.

The AGM noted that capital adequacy ratios remained above regulatory requirements, underscoring the Sacco’s financial stability despite prevailing economic pressures.

By Felix Njenga

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