Yetu Sacco has set aside a mouthwatering operational budget of Sh 1.4 billion for it next financial year.
The board of management came up with the historical 2025 operational budget which is slightly higher than the previous year that had hit a billion mark for the first time since its inception.
The budget estimates were presented and approved by members during a special annual general meeting held at Yetu Gardens in Nkubu Town.
Yetu Sacco CEO Dennis Kirimi said the 2025 operational budget was unanimously endorsed by the members. He said the Sh. 1.4 billion is a huge step towards the intended growth of 33 percent.
“We have approximated to look for about Sh. 1.4 billion with operational expenses of Sh.765 million. We are projecting a profit of Sh. 635 million of which Sh. 547 million will be shared among members as dividends,” said the CEO.
He said the operation budget is a clear sign that the Sacco is stable and growing in the right direction.
The CEO said the Sacco is building a signature head office in Nkubu Town as it seeks to improve customer experience and service delivery to its members. The office will have an underground parking becomes the first of its kind in Nkubu Town.
Kirimi also said the building will be completed at a cost of Sh. 195 million.
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He mentioned they have also formed Yetu Foundation in order to do corporate social responsibility (CSR) in the community where majority of their members come from. On festivities spending, the CEO urged members and all Kenyans to spend their money wisely to avoid inconveniences in January.
Kirimi urged youths to join Sacco’s in order to grow financially. He advised them to save in order to prosper in the future. “SASRA should also allow Sacco’s to give out loans to each other instead of them going to banks,” Kirimi said.
By John Majau.
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