Verona Huruma Regulated Non-WDT Sacco Society Limited has demonstrated remarkable resilience in a turbulent economic landscape, reporting a significant upward trajectory across its key financial indicators for the year ended December 31, 2025. During the Society’s 2026 Annual General Meeting, the leadership unveiled a performance narrative defined by strategic discipline and member-centric expansion.
Addressing the delegates and stakeholders, the Sacco’s Board Chairman, William Odhiambo, painted a picture of an institution that has successfully navigated a “dynamic economic environment” characterized by both rapid technological shifts and global market pressures. Despite these challenges, the Sacco’s total revenue surged from KShs 416.7 million in 2024 to an impressive KShs 459.7 million in 2025, marking a growth of 10.32%.
“Our financial performance reflects disciplined management and a clear strategic direction. This has strengthened our core operations and improved efficiency as we continue to invest in areas that position the SACCO for long-term growth,” remarked Chairman William Odhiambo.
The Chairman’s optimistic sentiment was backed by a robust balance sheet. The Society’s total assets witnessed a 12.4% increase, moving from KShs 3.31 billion to KShs 3.72 billion within twelve months. This growth was mirrored in the Sacco’s deposit base, which climbed by 11.2% to reach KShs 2.88 billion, underscoring the deepening trust and commitment of its growing membership.
Perhaps the most striking metric was the surge in Share Capital, which grew by a staggering 38.4% to KShs 198.1 million. This injection of equity has significantly bolstered the Sacco’s internal capital buffers. The loan portfolio also saw healthy expansion, growing by 13.08% to KShs 1.21 billion, as the institution continued to fulfill its core mission of providing affordable credit to its members.
The Hon. Treasurer, Rosener Mumo, while presenting the financial statements, highlighted the operational efficiency that underpinned these results. Total expenses for the year stood at KShs 97.5 million, up from KShs 87.3 million in the previous year. Notably, despite the inflationary environment, the Treasurer managed to keep total expenses as a percentage of revenue nearly flat, moving slightly from 20.9% to 21.2%.
“This growth underscores our commitment to supporting our members and customers through access to credit whilst maintaining the institution’s critical role in driving the economic activities further empowering businesses and improving livelihoods,” stated Hon. Treasurer Rosener Mumo.
A detailed breakdown of the expenditure revealed that personnel costs remained the largest overhead at 39% of the total budget, followed by administration at 35%. Marketing and campaigns accounted for 14%, while governance costs were maintained at 11%. Notably, impairment charges on loans and advances saw a significant reduction from KShs 6.04 million in 2024 to KShs 1.3 million in 2025, suggesting a marked improvement in credit quality and recovery processes.
In a move that will surely delight the membership, the Board proposed a weighted average dividend on Share Capital of 20%, amounting to KShs 39.6 million. Furthermore, interest on non-withdrawable members’ deposits was proposed at 11%, totaling KShs 284.6 million. These payouts represent a tangible return on investment for the members who have stayed loyal to the cooperative movement.
On the membership front, Verona Huruma Sacco continues to expand its footprint. The year began with 20,607 members, and through aggressive outreach, welcomed 1,285 new entrants. After accounting for 285 withdrawals, the Society closed the year with a strong membership base of 21,607.
Looking toward the future, the leadership expressed unwavering confidence. With the approval of the revised 2026 budget and the proposed 2027 estimates, the Sacco is set to deepen its investment portfolio, which already stands at KShs 2.17 billion, and continue its digital transformation journey.
“We remain committed to identifying and pursuing strategic investment opportunities that will guarantee sustainable returns,” Chairman Odhiambo concluded.
