Imarika Savings and Credit Co-operative Society Limited has announced a landmark year of financial success and operational resilience, according to official reports released for the fiscal year ended 31st December 2025. Despite a complex macroeconomic environment characterized by inflationary pressures and shifting fiscal policies, the Sacco recorded double-digit growth in earnings and a significant strengthening of its balance sheet, cementing its position as a leading financial pillar in the region.
Robust Financial Performance Amidst Economic Headwinds.
The Sacco’s total earnings for the year climbed to Kshs. 2,488,164,025 million representing a 10% increase from the previous year. This growth was primarily fuelled by a 12% rise in loan interest income, which reached Kshs. 2,050,429,065, demonstrating the high demand for credit among the Sacco’s diverse membership. In a show of member confidence, the Sacco’s asset base grew by 11%, while members’ deposits saw a healthy 12% uptick.
Chairman John K. Ziro (ADE), delivering the Chairman’s Report, attributed this success to the Sacco’s unwavering commitment to its strategic mandate.
“Our mandate to run the affairs of the Sacco is derived from the members and we remain focused on the fulfilment of the Sacco’s vision and mission… It is partly in the discharging of this mandate that we endorse and present this report,” stated Chairman Ziro.
The Sacco achieved these results despite an operating environment where the Kenyan economy grew by 4.9% in Q3 2025, but was tempered by high taxes and the implementation of the NSSF Act 2013, which reduced household disposable income.
The cooperative’s Share Capital increased during the year from Ksh. 962,451,240 to Ksh. 1, 168,823,308 million.
Imarika DT Sacco rewarded its members a dividend payment of 15% on share capital and 10. 25% interest on member deposits.
Cooperative Director Mary Mkare representing Kilifi County, expressed her gratitude for the continued patronage of the Sacco’s growing membership and highlighted the strength of the institution’s financial health.
“I want to thank the members for the support they have given to this Sacco. As you have seen from the report of the Chairman, the Sacco has performed very well. We have seen an increase in the assets, we have seen an increase in the deposits, and also the loans. This is all because of your support,” Director Mary noted.
She further encouraged members to embrace the Sacco’s modern banking tools to enhance their financial flexibility.
“I also want to encourage those who have not registered for mobile banking to do so, so that you can be able to access your money and also pay your loans at the comfort of your home,” she added.
Reymond Ngala, the CEC in charge of Cooperatives in Kilifi County, lauded the Sacco’s professional management and its role in the local economy.
“The growth of 10% in earnings and 11% in assets is a clear indication that the Sacco is being managed professionally. I want to commend the board and the management for this great work,” said Ngala.
He reaffirmed the county government’s support for the cooperative sector:
“As a department, we are committed to providing a conducive environment for cooperatives to thrive. We are working closely with Saccos like Imarika to ensure that the members’ interests are protected and that they continue to get value for their money”.
The Supervisory Committee’s report provided a transparent look into the Sacco’s operations, highlighting key milestones and areas for improvement. A major highlight was the improvement in the Portfolio at Risk (PAR), which dropped from 5.66% in 2024 to 5.2% in 2025. The committee also noted the Sacco’s commitment to member welfare, having settled 184 deceased claims totalling over Kshs. 87 million.
However, the committee remained vigilant, urging the credit department to intensify loan recovery efforts as loss provisions had increased. They also recommended a “share deposit campaign” to bridge the gap in the loan-to-deposit ratio.
Regarding democratic processes, Ngala touched on the 29 by-elections mentioned in the report, emphasizing the need for timely communication.
“It is important for the Sacco to ensure that communication reaches all members in good time to allow for full participation in the democratic processes,” he advised.
Looking Ahead: Innovation and Expansion in 2026.
As Imarika Sacco transitions into 2026, the focus is shifting toward digital excellence and sustainable expansion. The Sacco is preparing to launch a new five-year strategic plan, emphasizing “improved digital strategies, branch expansion, and revamping of our Micro-savings activities”.
Chairman Ziro expressed optimism for the future, noting:
“As we look towards a productive 2026, we plan to keep on serving our esteemed members and growing our business. We shall also be introducing more cost-cutting measures in several areas including the installation of solar solutions at our Kilifi office”.
The Sacco is also prioritizing technical enhancements to its mobile banking services to ensure secure, real-time transactions for all members, addressing concerns raised regarding USSD effectiveness. With the anticipated opening of the Hola Branch and the recent expansion of the Bamba Site Office, Imarika DT Sacco is poised to remain a leading financial partner for the people of Kenya.
