Loans from retrenched members were not recoverable from retrenchment package but management enhanced recovery procedures which were very successful and no bad debts were declared. On recovery process management adopted other governance strategies particularly:
- Member recruitment drive
- Fixed percentage of share contribution rate
- Improved service delivery
The above strategies along with others have successfully seen the Society membership grow close to 6273 as at today. Our operations and financial status are stable with total Deposits of Ksh. 1.8B and a loan portfolio of Ksh. 2.1B.
Members are encourage to contribute monthly deposit of 10% of their gross salary as the minimum.
SHARE CAPITAL: Minimum for each member is Kshs 25,000 which is build in two yearly installments.The first Installment was implemented on 30th June 2015.