Amica Sacco eyes an asset base of over Kes12 billion by December 2026

Amica Credit and Savings Limited (Sacco) is projecting a significant asset growth of Kes12billion in the next 9 months, driven by digitalisation, membership expansion, and strategic investment plans like integrating Environmental, Social, and Governance (ESG) principles into its growth strategies to enhance long-term sustainability, attract impact investors, and mitigate risks.

Speaking during the institution’s Annual Delegates Meeting (ADM) in Maragua, Murang’a County, Chief Executive Officer (CEO) Dr. James Mbui said the Sacco was on course to achieve the target, having already attained Kes 11 billion as of March.

“We are on course to meet that target, and probably, slightly surpass it,” said Mbui.

The Sacco’s financial standing shows that its total assets stood at Kes 10.78billion as of December 2025, up from the Kes 2.8 billion asset base it held in 2016, after rebranding from Murata Sacco. It spent Sh300 million to modernise its image, increase visibility, and attract youth.

Amica Sacco, a top-tier Kenyan Sacco, reported strong growth in net revenues of Kes1.59 billion by the end of December 2025, up from Kes 485 million it posted in 2016, representing a 3.5 percent growth rate over the last decade.

Similarly, the firm’s loan book has also grown over that period, jumping to Kes9.2billion as of December last year, from Kes 1.7billion it held in 2016, meaning the Muranga – based Sacco has increased the total value of outstanding loans and advances it has issued to customers over that period by over fivefold.

Loan book is lenders’ core income-generating asset, growing through new lending and shrinking via repayments or defaults, and is crucial for measuring profitability and risk.

That growth, according to Mbui, signifies an increase in the core asset of the Sacco, which has generally led to higher interest income, but it also indicates potential shifts in risk management and market strategy for the lender, which had an outstanding net loss of Kes 76.9billion 10 years ago, before rebounding to a profit – making entity.

The Sacco registered a Kes327million net profit in the year ended December 2025, growing its membership to 211,935, up from 167,905 members in 2016, a bulk of whom were coffee farmers.

“That growth has been necessitated by the need to bolster our core banking system when we took the rebranding and restructuring measures at the time,” said Mbui.