Harambee Sacco Chief Executive Officer George Ochiri has said the Society was able to deliver robust financial performance for the financial year 2022.
Ochiri was speaking on Monday during the Harambee SACCO annual general meeting in Nairobi.
"Our total revenue grew from Sh4.22 billion to Sh5.01 billion in 2022," Ochiri said.
Ochiri said the Society also broke the ceiling in terms of total assets which stood at Sh34. 6 billion in 2021.
"But in a span of 12 months, we had grown to Sh37.01 billion," Ochiri said
He said the loans and advances sector also saw improvement. He termed loans and advances as the core of Society.
"From Sh24.38 billion in 2021, the Sacco gave members loans and advances worth Sh27.38 billion," he said.
He said the theme for the last financial year was 'Mteja Kwanza' and it helped push the performance as they had put the Sacco members at the fore of the business and operational focus.
Ochiri said the Society's net surplus before tax also grew from Sh396.7 million in 2021 to Sh532.7 million in 2022.
"Our strategic theme for 2023 is 'Towards living with dignity'," he said.
Ochiri said the Society walks into the new financial year with a strategic focus on institutional strengthening and eliminating waste.
The society will also align the structure to the new Harambee Sacco operating model and finally open the common bond.
" We will seek to recruit 15,000 new members, increase annual revenue to Sh6.5 billion and increase total assets to Sh40 billion," Ochiri said.
Ochiri expects to raise the customer and staff satisfaction index, and enhance the capacity of board, delegates, members and staff as society starts a new financial year.
