Univision Sacco solidifies it’s strength after its asset base expanded by Ksh 1.4 billion under the year in review
Thousands of members have expressed their overwhelming support to the sacco since it’s 12% dividends is unmatched
Kitui’s giant Sacco, Univision DT Society, has assured its members of the safety and growth of their savings during its 48th Annual General Meeting.
The hugely attended event was graced by Kitui County CECM for Trade and Cooperatives, Mr. Maragua (Director of Cooperatives), alongside representatives from KEPSHA, KUSCCO, CIC, and other dignitaries. The meeting highlighted the Sacco’s unwavering commitment to delivering value to its members, reinforcing its role as a pillar of financial empowerment.
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During the AGM, Univision Sacco celebrated a remarkable year of growth, with its asset base expanding from Ksh 10.1 billion to 11.5 billion. This strong performance reflects the institution’s financial stability and forward-looking strategy.
Members were thrilled to receive consistent dividends, with deposits earning 12% and share capital earning 14.5%, maintaining last year’s impressive returns. These figures underscore the Sacco’s ability to combine prudent investment practices with steady member rewards, building confidence among its stakeholders.
The meeting also provided an update on the ongoing construction of the Kitui headquarters plaza, a member-driven project proposed during the 46th AGM.
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This infrastructure initiative aims to address the growing operational needs of the Sacco as it scales its services. Members have shown overwhelming support, contributing Ksh 500 monthly for two years or a one-time payment of Ksh 12,000, treated as shares.
These contributions allow members to benefit directly from dividends while fostering a collective investment in the Sacco’s future. Guided by a transparent Bill of Quantities (BOQ) and an open tendering process, the project has so far seen contributions from 23,000 members, further solidifying trust in the Sacco’s governance.
Univision Sacco continues to prioritize transparency, ethical governance, and long-term member benefits. Its consistent asset growth, stable dividends, and forward-thinking projects reflect a dedication to empowering members and the community through sustainable financial practices.
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As it navigates challenges, the Sacco remains focused on protecting members’ savings while driving initiatives that enhance value and secure a prosperous future for all stakeholders.