SACCO Reports Strong Growth in Assets, Membership and Revenue for 2025

By Mbungu Harrison

Email, thecoastnewspaper@gmail.com

Tabasuri DT SACCO has posted robust financial and membership growth for the year ending December 31, 2025 underscoring rising member confidence and improved operational performance.

According to the Chairman’s Report presented during the SACCO’s 37th Annual Delegates Meeting held in Nyali, Mombasa total revenue grew by 14.8 percent to Ksh129.1 million up from Ksh112.4 million in 2024.

Reserves increased by 6.8 percent to Ksh61.6 million, reflecting strengthened financial stability, while total assets rose by 10.2 percent to Ksh614.3 million from Ksh557.2 million the previous year.

Member deposits climbed to Ksh406.6 million, providing a stronger base to support lending, as the loan portfolio expanded to Ksh435.3 million, signaling increased uptake of credit facilities.

Chairman Gilbert Atuga attributed the growth to sound financial management and sustained member confidence.

“The performance has been very promising and it has been moving on a positive trajectory. Our total asset base has grown by 10.2 percent from about Ksh0.5 billion to Ksh0.6 billion,” said Atuga.

Membership growth remained strong, with active members increasing by 22.7 percent to 18,036. Dormant accounts declined by 10.7 percent, indicating improved engagement, while overall membership rose by 14.3 percent to 22,409.

Atuga noted that the SACCO, which began in 1980 as a Kenya Marine and Fisheries Research Institute-based entity, has since expanded its footprint nationwide, growing its membership from 19,000 to over 22,000.

The meeting also approved dividends and outlined new strategies for 2026 aimed at enhancing growth and member value.

On governance and security, board member David Obiero assured members that their savings remain protected following upgrades to the SACCO’s systems.

“We have a new system that is more sophisticated to ensure that we are free from cyber-attacks,” Obiero said.

Loan performance improved significantly, with the Portfolio at Risk (PAR) dropping to 5.5 percent in 2025 from 12.16 percent in 2024 and 17.93 percent in 2022. The SACCO attributed this to enhanced credit appraisal processes, improved monitoring, and strengthened recovery strategies.

The institution now aims to reduce the PAR ratio further to below 2 percent by 2026.

Share capital grew by 16.5 percent to Ksh97 million, while core capital rose by 12.5 percent to Ksh158.6 million. Institutional capital recorded the highest growth, increasing by 35.9 percent to Ksh71 million.

The SACCO maintained strong compliance with prudential standards set by the Sacco Societies Regulatory Authority (SASRA), with key ratios exceeding minimum requirements.

Core capital to total assets stood at 25.83 percent, well above the 10 percent threshold, while core capital to total deposits was 39.03 percent. Institutional capital to total assets reached 11.56 percent against the required minimum of 8 percent.

Liquidity also improved significantly to 19.79 percent, surpassing the 15 percent regulatory benchmark, reflecting the SACCO’s enhanced capacity to meet short-term obligations.

“The SACCO remained well capitalised, liquid, and fully compliant with regulatory requirements,” the report noted.

The performance comes amid steady economic conditions, with Kenya’s economy estimated to have grown by 4.9 percent in 2025 and inflation remaining within the Central Bank’s target range.

Looking ahead, Tabasuri DT SACCO has outlined an ambitious 2025–2029 strategic plan focused on strengthening governance, enhancing service delivery, and expanding access to financial services.

The officials say the SACCO is positioning itself as a key player in Kenya’s cooperative sector, which manages assets exceeding Ksh1 trillion and serves more than 7.4 million members nationwide.