For the first time in its 33-year history, Yetu DT Sacco, Meru County has hit the Sh1billion profit mark with an historic membership registration drive.
In recent times, the Sacco has recorded a surge in membership, overshadowing their peers, with at least over 20,000 new entrants being enlisted over the last one year, pushing the figures to 104,159 people.
To crown this success, members will enjoy the highest-ever, and probably the highest dividends payout in the country, of 19 percent per share, reaffirming their strength and commitment to financial growth.
Speaking during their annual general meeting in Meru, the Sacco's Chief Executive Officer (CEO) Denis Kirimi said the milestone including 23 percent growth in assets, underscores the organization's resilience and commitment to wealth creation for its shareholders. "I am pleased to report that the Sacco stands on solid ground today having strengthened our balance sheet, enhanced risk management and controls, ensured sufficient liquidity, and sustainable profitability," said Kirimi.
