By Tsozungu Kombe.
Ushuru Sacco Society has disbursed Sh 2.4 billion in loans to its members as at the close of financial year ending 31st December, 2016.
Speaking during the Ushuru Sacco Annual Delegates Meeting (ADM), held at Flamingoes Beach Hotel, Mombasa County recently, Chief Executive Officer William Pudha said the society’s total assets stood at Sh3.0 billion.
Ushuru Sacco is currently constructing its own office complex in Nairobi where staff, directors and members will be able to operate under a more conducive atmosphere, Pudha said.
“With a membership of more than 5,390, Ushuru Sacco’s members’ deposits stand at Sh 2.5 billion while its core capital is Sh 310.4 million,” he added.
Currently, Ushuru Sacco has branches in Mombasa, Eldoret, Kisumu with the head office in Nairobi.
“Interest rates capping law has not adversely affected our loan products which still remain competitive,” said Ushuru Sacco Board National Chairman Isaac Kiprop.