Mentor Sacco Society Limited has once again demonstrated the resilience of the cooperative movement, posting a year of "robust" f inancial expansion and a surge in membership despite a biting economic climate.
The Sacco’s upward trajectory was the centerpiece of its 49th Annual General Meeting (AGM) held on Saturday, January 31, 2026, at the Catholic Cathedral Grounds in Murang’a. Addressing a gathering of members, county officials, and industry regulators, the Sacco leadership painted a picture of a stable institution successfully navigating inflationary pressures through digital innovation and fiscal discipline.
In his keynote address, Chairman Mr. Eliud Mbugua attributed the Sacco’s success to the "unwavering trust" of its members. The Society saw its membership jump from 44,083 in 2024 to 51,531 in 2025—a notable 27.4% cumulative growth over two years. However, the Chairman struck a note of caution regarding account activity. “While our numbers are growing, we are seeing a rise in dormant accounts,” Mr. Mbugua noted. “I urge all members to remain active participants and serve as ambassadors for the Sacco to ensure we maintain this momentum.” True to its member-centric philosophy, the Board proposed a total return of KShs 1.64 billion. This translates to a competitive 12.5% interest on non-withdrawable deposits and a 15% dividend on share capital. These payouts represent over 64% of the Sacco’s total revenue, reinforcing its commitment to wealth creation for its members. CEO Ms. Joyce W. Ndegwa highlighted that the Sacco's survival in a high-cost
"Our focus has been on accelerating automation," Ms. Ndegwa stated. "The increased adoption of digital platforms has not only improved convenience for our members but has significantly reduced our service delivery costs." The Supervisory Committee, led by Mr. Peter Njenga Mwangi, further lauded the management for reducing loan delinquency from 5.9% to 3.75%. This improvement in asset quality suggests that members are borrowing more responsibly despite the tough economy. The AGM also touched on KShs 11.72 Billion KShs 391.9 Million 18.2%. 21.0% 16.3% 23.2% a significant regulatory shift. Following directives for large cooperative societies, Mentor Sacco is preparing to transition from its traditional AGM system to a delegate-based model. -5 -6 The Board assured members that this transition would be transparent, ensuring that every member’s voice continues to be heard under the new structure. As the meeting closed, the mood remained optimistic. With a focus on youth engagement and product diversification, Mentor Sacco appears well positioned to remain a titan in Kenya’s cooperative sector throughout 2026 and beyond.
