Stima DT Sacco sees 15% revenue growth of Kes11.9Billion by Year End  

By Steve UMIDHA

Stima DT Sacco expects to grow its total turnover on gross revenue earnings by 15 percent to Ksh11.9Billion this year from Ksh10.2Billion it reported in 12 months to December 31, 2024.

To achieve that, the firm will heavily invest on digitisation of its internal infrastructure and processes, boost its membership drive by simplifying the onboarding process, offer competitive interest rates on loans and savings as well as diversify its financial products.

Speaking during the Investors’ Briefing in Nairobi, the Chief Executive Officer (CEO) of Stima DT Sacco Gamaliel Hassan said the company will also aim to meet environment and sustainability goals (ESG principles) in its product offerings this year.

“We will focus on financial prudency, aggressive membership as well as consolidate our deposits to achieve that target,” said Hassan.

Further adding that, the company seeks to embrace younger population and its Credit-Scoring module for efficient loan allocation.

Stima Sacco returned a solid financial performance in 2024, announcing a total income growth of KSh 10.3 billion, up from KSh 9 billion in 2023 – representing a 15% year-over-year growth.

The growth was primarily fueled by a 55% surge in investment income to KSh 1.7 billion and a 7% increase in interest income to KSh 7.9 billion.

Its total assets grew 12% to KSh 66.4 billion, driven by an 11% expansion in loans and advances to KSh 50.2 billion, while deposits increased 8% to KSh 46.7 billion. The institution allocated 38% of its revenue to interest on rebates and 6% to dividends, retained 15% as earning, and used 21% for administrative and staff costs.

Stima Sacco’s membership base grew by 10% to 220,650 in 2024, and it aims to expand it further to 260,650 by 2025, an 18% increase. Share capital, a measure of members’ equity in the Sacco, saw the most significant percentage jump, increasing 22% to KSh 4.4 billion.

Stima Sacco’s core capital to total assets ratio grew from 17.22% in 2022 to 20.22% in 2024, surpassing its target of 18.80%. Institutional capital to total assets has also improved, reaching 13.54% in 2024, exceeding the projected 12.30%. Meanwhile, the core capital to total deposits ratio surged from 20% in 2022 to 28.7% in 2024, significantly above the 10% regulatory minimum

For 2025, the institution projects a further 12% growth in lending, aiming to push its loan portfolio to KSh 56 billion.