The Board of Directors of Stima Sacco has announced the payments of dividends for its members following the announcement of audited accounts for the year ended December 21, 2023.
The board announced the payment of the dividend will be 15 per cent per share and interest on member's deposits at 11 per cent.
On the other hand, it was indicated that the Sacco posted positive results despite a challenging economic year marked by high inflation as well as high taxes.
"The consolidated deposits increased by 9.4 per cent from Ksh39.43 billion in 2022 to Ksh43.13 billion in 2023. The loan book grew by 9.3% from Ksh41.3 billion to Ksh45.2 billion. The Sacco’s balance sheet grew by 10 per cent from Ksh53.8 billion in 2022 to Ksh59.15 billion in 2023," Albert Mugo, National Chairman of the Board of Directors announced.