Mentor Savings and Credit Cooperative Society has recorded a strong financial performance for the year ended 2025, underscoring its resilience, growing member confidence, and commitment to sustainable value creation amid a challenging operating environment.
Speaking during the Sacco’s 49th Annual General Meeting (AGM), the leadership announced that total assets grew by an impressive 17.2 per cent, rising from KSh 15.75 billion in 2024 to KSh 18.47 billion in 2025. The growth reflects robust asset accumulation, prudent financial management, and the Sacco’s strengthening capacity to support members’ economic needs.
Member confidence remained high throughout the year, as evidenced by accelerated growth in ordinary deposits, which rose from 16.8 per cent in 2024 to 18.1 per cent in 2025. This steady increase highlights members’ trust in Mentor Sacco as a reliable and secure financial partner.
Notably, the Sacco’s specially tailored deposit products posted exceptional performance. The Mazao Deposit Account recorded a growth rate of 37.2 per cent, while the Golden Deposit Account grew by an outstanding 83.6 per cent. According to the Sacco’s performance report, these gains are largely attributable to sustained member education and awareness on alternative investment options available within the institution.
“These results are a direct outcome of extensive member education and effective communication on the Sacco’s diversified savings and investment products,” Mentor Sacco board chairman Eliud Mbugua, noted, emphasizing the importance of informed membership in driving institutional growth.
Mentor Sacco also maintained strong capital adequacy levels, remaining fully compliant with the minimum requirements set by the Sacco Societies Regulatory Authority (SASRA). This compliance reinforces the institution’s financial stability and its ability to safeguard members’ deposits over the long term.
In recognition of the strong performance, members were rewarded with a 15 per cent dividend on shares and interest on deposits at a rate of 12.5 per cent. The payout reflects the Sacco’s commitment to sharing value with members while maintaining a solid capital base for future growth.
The year 2025 was marked by increased member participation and enhanced institutional stability. Membership grew by 16.5 per cent, further expanding the Sacco’s portfolio and strengthening its capacity to serve a growing and diverse membership base.
The Chairman reiterated the institution’s core mission of mobilizing savings, providing affordable credit, and promoting the economic welfare of members in a sustainable manner.
“Mentor Sacco exists to empower its members economically by mobilizing savings, offering affordable credit, and ensuring long-term sustainability,” said Mbugua. He credited the strong performance to collective effort, sound governance, and unwavering member support.
The AGM also addressed emerging regulatory developments in the cooperative sector. The Sacco is preparing to comply with a directive from the Ministry of Cooperatives requiring societies with a membership of 5,000 and above to transition from Annual General Meetings (AGMs) to Annual Delegates Meetings (ADMs).
“We must approach this transition thoughtfully and positively. Your voices will shape how we respond to this directive,” Mbugua told members. He reaffirmed the Board’s commitment to transparency, accountability, ethical leadership, and effective oversight of management throughout the transition process.
The operating environment during the year was characterized by significant challenges, including rising operational costs, high inflation, and evolving cooperative regulatory frameworks. Despite these headwinds, Mentor Sacco demonstrated resilience, supported by strong member participation, disciplined operations, and prudent management.
To enhance efficiency and reduce service delivery costs, the Sacco accelerated the adoption of technology-driven platforms. These initiatives enabled the reallocation of resources towards improved member value, operational sustainability, and long-term growth.
Chief Executive Officer Joyce W. Ndegwa emphasized the Sacco’s digital transformation agenda, noting that technology remains central to its future strategy.
“We shall continue introducing more user-friendly online products and services until we become a fully paperless Sacco,” said Ndegwa. She added that increased use of digital services will enhance service continuity, convenience, and member engagement—key pillars for long-term competitiveness and retention.
Looking ahead, Mentor Sacco plans to deepen its digital footprint while aligning operations with approved strategic plans, regulatory expectations, and emerging best practices within the cooperative sector.
“These measures are essential for safeguarding members’ deposits and ensuring long-term institutional stability through the strong foundation we are gradually building,” Ndegwa said.
The Supervisory Committee commended the Board of Management, staff, and members for their collective efforts during the year. In a statement read at the AGM, the committee reaffirmed its commitment to its oversight role and recommended continued support to strengthen the Sacco’s growth, capacity, and competitiveness.
As Mentor Sacco marked its 49th AGM, the strong financial results, growing membership, and forward-looking digital strategy position the institution as a resilient and member-focused cooperative, well-equipped to navigate regulatory changes and deliver sustained value in the years ahead.
