Vision Afrika Deposit-Taking (DT) SACCO has officially ascended to the prestigious Tier II status, marking a historic milestone in its 22-year journey. During the 22nd Annual Delegates Meeting (ADM) held in Nakuru, the SACCO unveiled a stellar financial performance for the year ending December 31, 2025.
The performance was headlined by a 21% growth in total assets, which grew to a staggering KSh 1.144 billion. This transition from a growth-focused entity to a governance-driven powerhouse was met with applause from regulators and stakeholders alike.
The Chief Guest, Madam Josephine Ngandu, the Nakuru County Director of Co-operatives, hailed the SACCO’s resilience and its role in promoting financial inclusion for Micro, Small, and Medium Enterprises (MSMEs). “We are hoping you will be able to progress in the next few years and join the big boys club. You have become a strong pillar of financial inclusion in this region, ” Madam Ngandu noted, acknowledging the SACCO’s newfound Tier II status. This sentiment was echoed by Kibet Kurgat, the ChiefOfficer for Co-operatives in Nakuru County, who applauded the institution’s asset strength.
“Vision Afrika has shown remarkable discipline in attaining Tier II status. Their asset value and institutional
strength are a testament to what sound cooperative management looks like,” Kurgat remarked.
The board of director’s report, presented by chairman Mr. Ayub Maingi, painted a picture of a SACCO that is no longer just growing, but maturing. Members’ deposits surged by 30% to reach Ksh 749.5
million, while the loan portfolio expanded to Ksh 969.9 million. Loan portfolio grew by 16% from KSh 836.1 million in the previous financial year to KSh 969.9 million during the same year under review.
The growth in loan and advances strengthened the SACCO assets from KSh 945 million to KSh 1.144 billion, representing a 21% growth. Vision Afrika SACCO maintained healthy returns, paying
out a 15% dividend on ordinary shares and 4% interest on members’ deposits.
Story Credit to: SACCO Trend Reporter