Stima SACCO Kenya Limited has announced the yearly dividends and profits for the year ending 2021. The Sacco has announced pays out dividends and interests rebates on Share capital and Alpha deposit at the rate of 14 % and 10.75% respectively for the 2021 financial year
The Sacco turnover grew by 16% to Kshs 6.86 billion in 2021 from Kshs. 5.89 billion in 2020. The Sacco balance sheet grew by 13% from Ksh. 41.06 billion to an asset bae of Ksh 46.48 billion.
The Sacco National chairperson madam Rebecca Miano while speaking on 25th February during the Annual General Meeting AGM attributed the good performance to aggressive growth in the loan portfolio, product enlargement, lending reforms and improved liquidity.
Sacco members can withdraw dividends through M-Pawa APP, USSD *489#, PESALINK, over the counter in any Stima SACCO branches, through Saccolink ATM card, from any Stima Mlangoni Agent or do an EFT/RTGS to another Bank Account.
During the event, Stima Sacco CEO Dr. Gamaliel Hassan revealed that the Sacco currently has over 150,000 members across the country.
Apart from the savings products, the sacco has gone a head and diversified in products among them investment options, access to credit, insurance, mortgage facilities, sharia products and Diaspora services as well.