This archive report was first published on 7 July 2019.
On July 7, 2019, Premier Sacco Chairman Pius Thuku called on Sacco members to change their saving patterns by increasing their monthly deposits to be eligible for favorable loans.
According to Thuku, the Sacco's deposits went up by 31.2% in 2018, reaching Ksh 423,558,628, up from Ksh 322,805,918 in the previous year.
Thuku emphasized the importance of increasing monthly contributions, saying it is the only way to make sound investments and secure future financial security.
He also highlighted the Sacco's growth, with membership rising from 7,364 in 2017 to 8,965 in 2018, an increment of 21.8%.
Thuku thanked members for their contribution to the Sacco's success despite market challenges and encouraged them to save and borrow, as it is the core business of the organization.
He also announced that the Sacco has been able to offer members various loan products, ranging from personal to development loans, with repayment periods ranging from 1 year to 4 years.
Currently, membership stands at 8,965, with an estimated Ksh 442,390,979.00 already out loaned to members.
