UN Deposit-Taking Sacco has recorded a 10.6% increase in the size of its loan book, to stand at KSh 11.096 billion at the end of 31st December 2023.
- •UN Sacco saw its total revenue grow by 13 percent to KSh 2.197 Billion boosted by an increase in interest on loans and advances as well as investment income.
- •Interest expense on member deposits increased by 5 per cent to KSh 1.29 Billion driven by the 9% growth in member deposits.
- •A total of KSh 1.3 Billion will be disbursed to members in the form of interest on deposits and dividends.
The Society’s membership increased by 9.7 percent to 6,916 members. Members’ deposits grew by almost 9 percent to KSh 13.7 Billion while total assets grew from KSh 16.16 bn in 2022 to KSh 17.97 Billion in 2023.
To boost revenue while mitigating risk, the Society has now diversified its investment portfolio to include investment in government instruments including treasury bills and bonds that offer better returns at a lower risk.
The Society was started in 1975 with at least 131 members and serves UN staff, their immediate family members, as well as staff members UN-affiliate bodies.
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