investment income - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

United Nations Sacco posts KSh2.2 billion income in 2023 enhanced by affordable loans

Sacco ReviewMay 31, 202403 mins

United Nations Sacco posted remarkable financial results in 2023 with the firm’s total revenue increasing by 13 per cent, hitting a record KSh2.197 billion. This was achieved as a result of increase in interest on loans and advances, reduced expenditure and investment income. A total of KSh1.3 billion was given to members in the form…

Ollin Sacco posts KSh8.8 million profit in 2023

Sacco ReviewMay 3, 202403 mins

The Ollin Savings and Credit Society Limited closed the 2023 with a notable growth of more than KSh8.8 million surplus compared to the previous year. According to the report, the surplus after taxation for the year 2022 was KSh1, 108, 246, but grew to KSh1, 301,427,544 by the end of last year. Revenue additions in…