Urithi Sacco, a Thika-based cooperative Sacco has approved an expenditure of Sh1.7 billion in its 2015/16 financial year to boost finance for its members.
Urithi sacco Chairman Samuel Maina spearheaded the approval after launching a five -year strategic economic plan on Monday in Thika town during the Sacco’s Annual General Meeting (AGM).
“The deliberations by the members of Urithi Sacco to approve the budgetary allocation will help the Sacco achieve its economic goals,” said Maina.
Maina said that the Sacco has witnessed exponential growth in its pursuit to create wealth, a fact he attributed to experience and dedicated management.
“Our staff have played a great role in the success of the Sacco. It has lined up a number of products that will go hand in hand in enhancing our growth,” said Maina.
He also said that the membership will be opened to non-members to consolidate its market share in the segment of cooperative movement in Kenya.
“Stating from next year, the Sacco will open doors to non-members to consolidate our market share to ensure we grow even further,” added Maina.
During then meeting, members welcomed the Sacco’s publication, the U-Magazine, which they said would play a great role in marketing the Sacco’s profile.