Post on 02-Jan-2016
description
OPERATIONS AND HUMAN RESOURCE
Year 2008 2009 2010 2011 2012
Active Membership 2,873 3,446
4,125
4,697
5,531
Employees 6 8
8
13
17
Members Deposits 607,579,750 809,234,230
1,070,927,590
1,376,867,603
1,782,390,657
Loans to Members 640,758,930 807,266,755
1,058,460,998 1,421,100,258
1,862,006,719
Total Assets Base 704,361,408 939,016,050
1,233,251,820
1,597,952,594
2,084,163,027
AUDIT AND RISK COMMITTEE
• Committee constituted in line with SASRA requirements.
• Responsible for reviewing financial conditions of the Society, internal controls and findings of the internal auditor.
• Recommends monthly remedial actions.
MEMBERSHIP GROWTH
• 1665 new members recruited in 2012
• Active members increased from 4,697 in 2011 to 5,531 in 2012.
• This is a 17.8% growth.
• 51 new organizations recruited in 2012
TURN OVER AND PROFITABILITY
• Turnover in 2012 at Ksh.218,480,325 compared to Ksh.157,194,678 in 2011.
• This is a remarkable 39% growth
CAPITAL AND RESERVES
• Capitalization at Ksh.67,128,730 (Share Capital, Statutory Reserve, Investment Reserve and Revenue Reserve) as at 31st December 2012.
• This is in line with 2011 – 2015 Strategic Plan to double capital base from Ksh.35,879,337 in 2010 to Ksh.71,758,674 in 2013.
• 93% has been achieved.
CORPORATE SOCIAL RESPONSIBILITY
• Ksh.80,000 cash to National Spinal Injury Hospital along Lenana road Nairobi towards completion of a hydrotherapy pool.
• Ksh.80,000 to Ahadi Kenya Trust to aid in anti-jigger campaign in Thika.
• Ksh.40,000 worth of learning materials to Magodo Children’s Home, Uhuru Estate, Nairobi.
• Ksh.40,000 worth of assorted baby items to Abandoned Baby Center, Dagoretti.
• Ksh.50,000 worth of sanitary provisions to Binti Pamoja Initiative, Kibera Slums.
FUTURE PLANS
• Web portal
• FOSA
• Governance-Sacco to consider changing from AGM to ADM(Annual Delegates Meeting) where each organization will send a representative