Blog

 It was pomp and color as Ardhi Sacco held its 52nd Annual Delegates Meeting (ADM) on 5th April, this year marking a remarkable milestone in the financial lending journey.

Delegates and invited guests arrived early, eagerly waiting to know how the Ardhi Sacco had performed in the financial year 2024.

 Indeed, the journey has been rewarding, with tremendous growth reported as share capital improved significantly. Furthermore, the share capital rose by 8.4%, while its turnover improved to 12.6% despite the harsh economic environment.

According to the Sacco Chairperson, Elinah Mwaiseghe, the impressive growth has seen share capital rise in the year under review.

“Every member contributes Ksh 200 monthly. This share is never refundable upon members withdrawal, but it’s transferable within membership,” Mwaiseghe said.

Speaking during the Society Annual Delegates Meeting(ADM), Mwaiseghe urged members to channel their salaries through the SACCO front office services, for the growth of the Sacco.

Mwaiseghe informed delegates that the SACCO loans and advances stood had recorded a significant growth of 8.9% in 2023.