Tower SACCO Society Limited celebrated its Golden Jubilee at Ol’Kalou Catholic Parish Grounds, Nyandarua County, during its 50th Annual General Meeting (AGM), which also connected members in the diaspora virtually.
The SACCO reported remarkable financial and membership growth despite economic challenges, with active members rising by 29 per cent to 247,858 and share capital and deposits increasing to Ksh27.8 billion, up 23 per cent from 2024.
Loans disbursed reached Ksh21.5 billion, with total assets growing by 23 per cent to Ksh34.56 billion, placing Tower SACCO among Kenya’s top five deposit-taking SACCOs.
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Total revenue rose to Ksh5.28 billion, while surplus before tax climbed to Ksh1.29 billion. Members were approved dividends of Ksh20 per share and 13 per cent rebates on non-withdrawable deposits.
The Sacco noted that new branches in Thika, Nyeri, and Mwisho wa Lami boosted membership, deposits, and loan uptake. It also emphasized digitization, financial inclusion, and social impact, noting a 100 per cent university transition rate for sponsored students.
By Felix Njenga
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