Thamani Sacco share capital up by 32 per cent


Mar 20, 2017

By Kiptanui Rutto

Thamani Sacco Share Capital grew from Sh22.35 million in 2015 to Sh29.52 million in 2016 resulting to an increase by 32 per cent, the Sacco Chairman has said.
Speaking during the Annual General Meeting (AGM) held in Chuka, the Chairman, Jackson Ireri Abidan said the Sacco recorded an impressive improvement amid the climate change challenges. He said the member deposit grew from Sh136.44 million in 2015 to Sh153.86 million in 2016.
He said the Sacco received Sh.321.14 million from Kenya Tea Development Authority (KTDA) as bonus payout for year 2015/2016 and most of the members were able to pay their loan installment as per the agreement.
“We received an increase of Sh107.42 million as bonus payout for the Financial Year 2015/2016 from Sh.213.72 million in the previous Financial Year,” he said.
On her part, the Sacco CEO, Rose Kithinji urged members to fully utilize their branches in Chogoria Town, Marima and Chuka town saying plans of setting wings to other towns within the County are underway.

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