estimate budget 2020 - unison sacco society ltd...2019/12/11 · unison sacco society ltd income...
TRANSCRIPT
ESTIMATE BUDGET2020
OUR VISIONTo be the leading financial service provider contributing to community economic
empowerment in Kenya
OUR MISSIONTo mobilise resources for the provision of quality,
affordable and efficient financial services to our clientsand other stakeholders
OUR CORE VALUES1. Quality service.
2. Initiative and proactive.3. Team work.
4. Accountability and transparency.5. Partnership and collaboration6. Environmental sustainability.
DATE: 16TH November 2019, TIME: 10.00AM,VENUE: Wiyumirire Primary School.
Always There For You 42 Years of Transforming lives
Other agents comingsoon at your door step
Nanyuki Branch Agent is located opposite 2NK stage next to Kula Centre Hotel
42 Years of Transforming Lives
Over 42 years of transforming lives SPECIAL GENERAL MEETING 2019 1
Over 42 years of transforming livesSPECIAL GENERAL MEETING 20192
We as the unison fraternity do hereby welcome you to this important day in our society. This is the time we come here to discuss and approve the year 2020 budget. Dear members we kindly ask you to deliberate this budget soberly and do add your input for our society’s growth.
OPERATING BUDGET We have proposed a budget with a total income of Ksh.677.6 million.
SOCIETY ASSET BASEThe society’s asset base has increased from ksh.3.1 billion as of December 2018 to Ksh 3.7 billion as of 31st October 2019.
SAVINGS AND DEPOSITSThe savings and members deposits have increased from ksh2.1 Billion to ksh2.6 Billion as at 31st October 2019.
LOANS TO MEMBERSThe loan portfolio has increased from Ksh. 2.5 Billion in the year 2018 to Ksh. 3.2 billion as at 31st October 2019. We intend to grow the loan book to ksh. 3.9 billion in 2020.
MEMBERSHIPThe membership has increased to 28,153 by 31st October 2019.This number includes all classes of membership.
PRIMACY INSURANCE AGENCY.We now have a fully registered Insurance Agency which we intend to be fully operational in January 2020, we urge our members to insure through Primacy Insurance Agency which is a subsidiary of the Sacco.
BUSINESS EXPANSION.We have a Marketing Office in Mararal which we wish to upgrade to a branch in the year 2020.We also intend to open a branch in isiolo in the year 2020.
ACHIEVEMENTSWiyumirie Branch ExpansionWe are glad to inform you that we have fully rebranded and expanded our Wiyumiririe branch to enable us meet our customers need.
Top Tax Payer AwardUnison Sacco was nominated for the 2019 top tax payer award where we were awarded by his Excellency the president on 5th November 2019.Ask show awardUnison Sacco was rated as the best Sacco during the ask show Nanyuki for the last three years, this shows consistency in our service delivery
Dividend AdvanceMembers can now access dividend advance through our uni-cash mobile banking services, this service was made available since June 2019. Currently with a disbursement of 39,547,259.
INVESTMENTSWe are glad to say that our Desai Estate Investment is complete and title deeds issued to the investors, Taji estate is in progress and the survey work has already started. We call upon everyone to be part of Unison Sacco Investment ventures so as to reap the future benefits.As the year ends the Directors and entire Unison staff wish you a Merry Christmas and a prosperous year 2020. As you travel back home, we wish you journey mercies. May the almighty God bless you all.Long live Unison Sacco, long live Unison members.Yours Faithfully
MUHANDI JAMESFOR UNISON BOARD OF DIRECTORS.
BOARD OF DIRECTORS REPORT DURING THE SPECIAL GENERAL MEETING HELD ON 16TH NOVEMBER 2019 AT WIYUMIRIRIE PRMARY SCHOOL.
Over 42 years of transforming lives SPECIAL GENERAL MEETING 2019 3
MINUTES OF A SPECIAL GENERAL MEETING HELD ON 24TH NOVEMBER 2018 AT WIYUMIRIRIE PRIMARY SCHOOL
MEMBERS PRESENT
The meeting was attended by 229 members.
IN ATTENDANCE
Ag Cooperative director, Madam Ngugi
Co-operative Officers
Preamble.
The meeting started at 12.40pm with prayers led by Mr. Wambugu.
AGENDA
1. Reading and confirmation of the previous minutes.
2. Matters arising.
3. BOD of Directors’ report to the SGM.
4. Income and Expenditure Budget Estimates for the year 2019.
5. Any Other Business
MIN 1/24/11/2018: READING AND CONFIRMATION OF THE PREVIOUS MINUTES
The minutes were read by the Hon. Secretary. They were proposed by Mno1359 and seconded by Mno 2336 as a true record of the agenda.
MIN 2/24/11/2018: MATTERS ARISING
No matters arose from the minutes.
MIN 3/24/11/2018: BOD OF DIRECTORS’ REPORT TO THE SGM
The report was read by the Hon. Secretary. It was approved through a proposal by Mno 4727 and seconded by Mno 2431.
MIN 4/24/11/2018: INCOME AND EXPENDITURE ESTIMATES FOR THE YEAR 2019
The estimates were presented to the SGM by the treasurer, Mr Kirabi Joseph.
Ksh. Ksh.
Total Income 569,329,071.07
Less; interest expense on savings and deposits 213,017,583.37
Cost of external loans 31, 848,716.83 244,866,300.20
Gross Income 324,462,770.86
Less; operating expenses 274,485,585.29
Surplus/loss 49,977,185.58
Over 42 years of transforming livesSPECIAL GENERAL MEETING 20194
Capital budget
The total capital budget was estimated at Ksh. 34,805,000.00
The budget was approved without amendments through a proposal by Mno 2825 and seconded by Mno 2144.
MIN 5/24/11/2018: ANY OTHER BUSINESS
Balloting on Narumoru Desai was announced to be on 7/12/2018
The meeting ended at 2.50pm with prayers by Madam Mbithi.
Minutes recorded by………………………………………………………… Mr. Gichimu
Hon. Secretary
Minutes Confirmed by…………………………………………………………Mr. Muhandi
Chairman
Over 42 years of transforming lives SPECIAL GENERAL MEETING 2019 5
FINA
NCIA
L & O
THER
INCO
MES
1st Q
uart
er
2nd
Quar
ter
3rd
Quar
ter
4th
Quar
ter
Tota
l In
tere
st In
com
e O
n Lo
ans
149
,815
,355
.21
149
,815
,355
.21
149
,815
,355
.21
149
,815
,355
.21
599
,261
,420
.82
Inco
me
From
Inve
stm
ents
2,0
37,9
76.4
8 4
,850
,796
.91
2,8
09,9
91.9
6 2
,998
,305
.61
12,
697,
070.
97
Oth
er O
pera
ting
Inco
mes
16,
271,
967.
86
16,
271,
967.
86
16,
271,
967.
86
16,
271,
967.
86
65,
087,
871.
46
Rent
al In
com
e 1
44,0
00.0
0 1
44,0
00.0
0 1
44,0
00.0
0 1
44,0
00.0
0 5
76,0
00.0
0 To
tal I
ncom
e 1
68,2
69,2
99.5
5 1
71,0
82,1
19.9
8 1
69,0
41,3
15.0
3 1
69,2
29,6
28.6
8 6
77,6
22,3
63.2
5 Le
ss; F
inan
cial
Exp
ense
sIn
tere
st E
xpen
se o
n Sa
ving
s & D
epos
its 6
5,64
2,15
6.10
6
5,64
2,15
6.10
6
5,64
2,15
6.10
6
5,64
2,15
6.10
2
62,5
68,6
24.3
8 C
ost o
f Ext
erna
l Bor
row
ing
8,2
64,9
11.3
5 6
,198
,683
.51
4,1
32,4
55.6
8 2
,066
,227
.84
20,
662,
278.
38
Gro
ss In
com
e 9
4,36
2,23
2.10
9
9,24
1,28
0.37
9
9,26
6,70
3.26
1
01,5
21,2
44.7
5 3
94,3
91,4
60.4
9 Le
ss; O
pera
ting
Expe
nses
Bank
Cha
rges
287
,500
.00
287
,500
.00
287
,500
.00
287
,500
.00
1,1
50,0
00.0
0 C
harg
es O
r Fee
s On
Exte
rnal
Loa
ns -
- 2
,184
,275
.00
2,1
84,2
75.0
0 4
,368
,550
.00
Prov
ision
For
Loa
n Lo
ss 9
,891
,838
.04
9,8
91,8
38.0
4 9
,891
,838
.04
9,8
91,8
38.0
4 3
9,56
7,35
2.16
St
aff S
alar
ies A
nd A
llow
ance
s 1
1,88
9,99
0.09
1
1,88
9,99
0.09
1
1,88
9,99
0.09
1
1,88
9,99
0.09
4
7,55
9,96
0.35
St
aff P
ensio
n Fu
nd E
xpen
se 8
10,6
57.6
4 8
10,6
57.6
4 8
10,6
57.6
4 8
10,6
57.6
4 3
,242
,630
.56
Nat
iona
l Soc
ial S
ecur
ity F
und
Expe
nse
44,
400.
00
44,
400.
00
44,
400.
00
44,
400.
00
177
,600
.00
Staff
Tra
inin
g, E
duca
tion
& S
emin
ars
1,6
99,0
00.0
0 1
,699
,000
.00
3,3
98,0
00.0
0 1
,699
,000
.00
8,4
95,0
00.0
0 G
over
nanc
e A
llow
ance
s 5
,133
,943
.50
5,1
33,9
43.5
0 5
,133
,943
.50
5,1
33,9
43.5
0 2
0,53
5,77
4.00
G
over
nanc
e Ed
ucat
ion
(dire
ctor
s) 6
24,0
00.0
0 9
36,0
00.0
0 1
,248
,000
.00
312
,000
.00
3,1
20,0
00.0
0 M
arke
ting
Expe
nses
3,0
21,8
00.0
0 3
,021
,800
.00
5,2
88,1
50.0
0 3
,777
,250
.00
15,
109,
000.
00
Adv
ertis
ing
& P
ublic
ity 5
2,50
0.00
1
05,0
00.0
0 1
83,7
50.0
0 1
83,7
50.0
0 5
25,0
00.0
0 Su
bscr
iptio
ns E
xpen
ses
200
,000
.00
- -
- 2
00,0
00.0
0 Au
dit F
ees
- -
- 3
70,0
40.0
0 3
70,0
40.0
0 Pr
ofes
siona
l & C
onsu
ltanc
y Se
rvic
es 2
34,5
60.0
0 4
69,1
20.0
0 8
20,9
60.0
0 8
20,9
60.0
0 2
,345
,600
.00
Busin
ess L
icen
ce F
ees
366
,080
.00
- -
- 3
66,0
80.0
0 Sa
sra
Ope
ratin
g Li
cenc
es 1
93,0
00.0
0 -
- -
193
,000
.00
Ope
ratin
g So
ftwar
e Li
cenc
e 2
,786
,856
.91
- -
- 2
,786
,856
.91
Cas
h In
Tra
nsit
330
,673
.20
330
,673
.20
330
,673
.20
330
,673
.20
1,3
22,6
92.7
9 C
orpo
rate
Soc
ial R
espo
nsib
ility
115
,000
.00
115
,000
.00
460
,000
.00
460
,000
.00
1,1
50,0
00.0
0 C
redi
t Ref
eren
ce B
urea
u Ex
pens
es 4
6,20
0.00
4
6,20
0.00
4
6,20
0.00
4
6,20
0.00
1
84,8
00.0
0 D
ata
Link
Com
mun
icat
ion
Expe
nses
1,2
07,2
30.6
8 1
,207
,230
.68
1,2
07,2
30.6
8 1
,207
,230
.68
4,8
28,9
22.7
2 D
onat
ions
21,
006.
67
21,
006.
67
84,
026.
67
84,
026.
67
210
,066
.67
UN
ISO
N S
AC
CO
SO
CIE
TY
LTD
INC
OM
E &
EX
PEN
DIT
UR
E ES
TIM
ATES
YEA
R 2
020
Over 42 years of transforming livesSPECIAL GENERAL MEETING 20196
Mem
bers
Edu
catio
n 3
,465
,400
.00
- -
- 3
,465
,400
.00
Elec
tric
ity E
xpen
ses
594
,981
.60
594
,981
.60
594
,981
.60
594
,981
.60
2,3
79,9
26.4
0 En
tert
ainm
ent
248
,494
.60
248
,494
.60
248
,494
.60
248
,494
.60
993
,978
.39
Gen
eral
Mee
tings
488
,875
.20
488
,875
.20
162
,958
.40
488
,875
.20
1,6
29,5
84.0
0 G
ovm
nt T
rans
actio
n C
harg
es (
By-p
rodu
cts)
476
,616
.84
476
,616
.84
476
,616
.84
476
,616
.84
1,9
06,4
67.3
6 G
ener
ator
Run
ning
Exp
ense
s 2
88,2
17.6
0 2
88,2
17.6
0 2
88,2
17.6
0 2
88,2
17.6
0 1
,152
,870
.40
Cor
pora
tion
Tax
1,4
36,1
95.3
0 1
,436
,195
.30
1,4
36,1
95.3
0 1
,436
,195
.30
5,7
44,7
81.2
1 In
sura
nce
Expe
nses
935
,832
.44
1,8
71,6
64.8
8 2
,807
,497
.33
3,7
43,3
29.7
7 9
,358
,324
.42
Land
Ren
t And
Rat
es 6
0,00
0.00
-
- -
60,
000.
00
Lega
l Exp
ense
s 3
41,3
53.3
3 3
41,3
53.3
3 3
41,3
53.3
3 3
41,3
53.3
3 1
,365
,413
.33
Mic
ro F
inan
ce E
xpen
ses
345
,339
.76
345
,339
.76
1,3
81,3
59.0
4 1
,381
,359
.04
3,4
53,3
97.6
0 O
ffice
Rep
air &
Mai
nten
ace
280
,637
.97
280
,637
.97
280
,637
.97
280
,637
.97
1,1
22,5
51.8
7 Ta
x Au
dit
Expe
nses
3
7,00
4.00
3
7,00
4.00
1
48,0
16.0
0 1
48,0
16.0
0 3
70,0
40.0
0 C
ompu
ter R
epai
r & M
aint
enan
ce 3
84,3
00.0
0 3
84,3
00.0
0 3
84,3
00.0
0 3
84,3
00.0
0 1
,537
,200
.00
Post
Offi
ce B
ox R
ent
12,
000.
00
- -
- 1
2,00
0.00
Po
stag
e Ex
pens
es 1
08,9
65.0
7 1
08,9
65.0
7 1
08,9
65.0
7 1
08,9
65.0
7 4
35,8
60.2
7 O
ffice
Tea
& R
efre
shm
ents
396
,015
.80
396
,015
.80
396
,015
.80
396
,015
.80
1,5
84,0
63.2
1 Re
nt E
xpen
ses K
inam
ba 1
50,0
00.0
0 1
50,0
00.0
0 1
50,0
00.0
0 1
50,0
00.0
0 6
00,0
00.0
0 D
epos
it Le
vy S
asra
2,7
86,8
56.9
1 -
- -
2,7
86,8
56.9
1 C
asua
l Lab
our
112
,689
.15
112
,689
.15
112
,689
.15
112
,689
.15
450
,756
.61
Secu
rity
Expe
nses
3,3
32,4
82.0
1 3
,332
,482
.01
3,3
32,4
82.0
1 3
,332
,482
.01
13,
329,
928.
04
Shor
t Mes
sage
Ser
vise
s (sm
s) E
xpen
ses
23,
403.
60
23,
403.
60
23,
403.
60
23,
403.
60
93,
614.
40
Offi
ce C
lean
ing
Expe
nses
154
,838
.72
154
,838
.72
154
,838
.72
154
,838
.72
619
,354
.87
Stra
tegi
c Pla
n Ex
pens
es 7
20,0
00.0
0 5
40,0
00.0
0 3
60,0
00.0
0 1
80,0
00.0
0 1
,800
,000
.00
Tele
phon
e Ex
pens
es 1
70,0
35.1
0 1
70,0
35.1
0 1
70,0
35.1
0 1
70,0
35.1
0 6
80,1
40.3
9 Tr
aini
ng L
evy
11,
100.
00
11,
100.
00
11,
100.
00
11,
100.
00
44,
400.
00
Tran
spor
t Exp
ense
s 2
5,00
0.00
2
5,00
0.00
2
5,00
0.00
2
5,00
0.00
1
00,0
00.0
0 W
ater
Exp
ense
s 8
7,55
8.07
8
7,55
8.07
8
7,55
8.07
8
7,55
8.07
3
50,2
32.2
7 Tr
avel
ling
& S
ubsis
tenc
e (s
taff)
1,1
20,4
57.2
5 1
,120
,457
.25
1,1
20,4
57.2
5 1
,120
,457
.25
4,4
81,8
29.0
0 C
ic S
emin
ars
150
,000
.00
150
,000
.00
600
,000
.00
600
,000
.00
1,5
00,0
00.0
0 C
o-op
erat
ive
Lead
ers W
orks
hop
160
,000
.00
160
,000
.00
640
,000
.00
640
,000
.00
1,6
00,0
00.0
0 C
ount
y Le
ader
s Wor
ksho
p 1
10,0
00.0
0 1
10,0
00.0
0 4
40,0
00.0
0 4
40,0
00.0
0 1
,100
,000
.00
Keny
a Te
ache
rs S
acco
Ass
ocia
tion
100
,000
.00
100
,000
.00
400
,000
.00
400
,000
.00
1,0
00,0
00.0
0
UN
ISO
N S
AC
CO
SO
CIE
TY
LTD
INC
OM
E &
EX
PEN
DIT
UR
E ES
TIM
ATES
YEA
R 2
020
Over 42 years of transforming lives SPECIAL GENERAL MEETING 2019 7
Kusc
co S
emin
ars
200
,000
.00
200
,000
.00
800
,000
.00
800
,000
.00
2,0
00,0
00.0
0 M
t Ken
ya R
egio
n A
ssoc
iatio
n 1
00,0
00.0
0 1
00,0
00.0
0 4
00,0
00.0
0 4
00,0
00.0
0 1
,000
,000
.00
Sasr
a Se
min
ars
100
,000
.00
100
,000
.00
400
,000
.00
400
,000
.00
1,0
00,0
00.0
0 W
occu
Sem
inar
s 1
60,0
00.0
0 3
20,0
00.0
0 1
60,0
00.0
0 1
60,0
00.0
0 8
00,0
00.0
0 Re
tire
And
Bur
ial P
acka
ge E
xpen
se 6
24,9
31.2
5 6
24,9
31.2
5 6
24,9
31.2
5 6
24,9
31.2
5 2
,499
,725
.00
Co-
oper
ativ
e Ba
nk S
emin
ars
200
,000
.00
200
,000
.00
800
,000
.00
800
,000
.00
2,0
00,0
00.0
0 Pr
intin
g &
Sta
tiona
ry 1
,945
,096
.05
1,9
45,0
96.0
5 1
,945
,096
.05
1,9
45,0
96.0
5 7
,780
,384
.20
Staff
Wel
fare
Exp
ense
s 1
24,7
25.5
0 1
24,7
25.5
0 1
24,7
25.5
0 1
24,7
25.5
0 4
98,9
02.0
0 Re
pair
& M
aint
enan
ce F
urni
ture
& E
qpm
ts 2
2,00
4.72
2
2,00
4.72
2
2,00
4.72
2
2,00
4.72
8
8,01
8.87
Re
nt E
xpen
ses N
aro
Mor
u 6
6,00
0.00
6
6,00
0.00
6
6,00
0.00
6
6,00
0.00
2
64,0
00.0
0 Re
nt E
xpen
ses R
umur
uti
120
,000
.00
120
,000
.00
120
,000
.00
120
,000
.00
480
,000
.00
Rent
Exp
ense
s Sip
ili 5
6,10
0.00
5
6,10
0.00
5
6,10
0.00
5
6,10
0.00
2
24,4
00.0
0 Re
nt E
xpen
ses T
imau
120
,000
.00
120
,000
.00
120
,000
.00
120
,000
.00
480
,000
.00
Rent
Exp
ense
s Wiy
umiri
rie 1
26,0
00.0
0 1
26,0
00.0
0 1
26,0
00.0
0 1
26,0
00.0
0 5
04,0
00.0
0 Re
sear
ch &
Dev
elop
men
t 1
50,0
00.0
0 3
00,0
00.0
0 6
00,0
00.0
0 4
50,0
00.0
0 1
,500
,000
.00
Rent
Exp
ense
s - M
aral
al 4
7,52
0.00
4
7,52
0.00
4
7,52
0.00
4
7,52
0.00
1
90,0
80.0
0 In
form
atio
n Sy
stem
s Sec
urity
Aud
it 7
50,0
00.0
0 7
50,0
00.0
0 7
50,0
00.0
0 7
50,0
00.0
0 3
,000
,000
.00
Acc
osca
Sem
inar
s -
- 1
,000
,000
.00
- 1
,000
,000
.00
Dep
reci
atio
n O
ffice
Fur
nitu
re 2
,288
,454
.58
2,2
88,4
54.5
8 2
,288
,454
.58
2,2
88,4
54.5
8 9
,153
,818
.31
Dep
reci
atio
n Te
leph
one
Equi
pmen
ts 4
,044
.23
4,0
44.2
3 4
,044
.23
4,0
44.2
3 1
6,17
6.90
D
epre
ciat
ion
Offi
ce E
quip
men
ts 4
17,9
72.2
0 4
17,9
72.2
0 4
17,9
72.2
0 4
17,9
72.2
0 1
,671
,888
.80
Dep
reci
atio
n Se
curit
y Sy
stem
& A
cces
sorie
s 6
06,3
10.4
1 6
06,3
10.4
1 6
06,3
10.4
1 6
06,3
10.4
1 2
,425
,241
.64
Dep
reci
atio
n M
otor
Bik
es 6
17.7
2 6
17.7
2 6
17.7
2 6
17.7
2 2
,470
.88
Dep
reci
atio
n C
ompu
ter &
Acc
esso
ries
931
,024
.58
931
,024
.58
931
,024
.58
931
,024
.58
3,7
24,0
98.3
4 D
epre
ciat
ion
Mot
or V
ehic
les
56,
582.
34
56,
582.
34
56,
582.
34
56,
582.
34
226
,329
.38
Dep
reci
atio
n Bu
ildin
g 2
31,7
14.8
4 2
31,7
14.8
4 2
31,7
14.8
4 2
31,7
14.8
4 9
26,8
59.3
8 A
mm
ortis
atio
n C
ompu
ter S
oftw
are
742
,412
.63
742
,412
.63
742
,412
.63
742
,412
.63
2,9
69,6
50.5
1 TO
TAL
EXPE
ND
ITU
RE
68,
224,
898.
09
60,
019,
596.
70
73,
396,
778.
63
69,
552,
667.
87
271
,193
,941
.28
Estim
ated
Sur
plus
For
The
Year
26,
137,
334.
02
39,
221,
683.
67
25,
869,
924.
63
31,
968,
576.
88
123
,197
,519
.21
Surp
lus A
ppro
pria
tions
For
The
Year
Estim
ated
Sur
plus
For
The
Year
123
,197
,519
.21
E
stim
ated
Div
iden
ds F
or Th
e Ye
ar 2
5,08
8,38
6.64
T
rans
fer T
o R
etai
ned
Earn
ings
98,
109,
132.
56
UN
ISO
N S
AC
CO
SO
CIE
TY
LTD
INC
OM
E &
EX
PEN
DIT
UR
E ES
TIM
ATES
YEA
R 2
020
Over 42 years of transforming livesSPECIAL GENERAL MEETING 20198
DET
AIL
S 1
ST Q
UA
RTER
2
ND
QU
ART
ER
3R
D Q
UA
RTER
4
TH Q
UA
RTER
T
OTA
L C
ASH
INFL
OW
1M
EMBE
RS S
AVIN
GS
37,
091,
388.
70
37,
091,
388.
70
37,
091,
388.
70
37,
091,
388.
70
148
,365
,554
.80
2M
EMBE
RS D
EPO
SITS
7
4,31
6,18
4.33
7
4,31
6,18
4.33
7
4,31
6,18
4.33
7
4,31
6,18
4.33
2
97,2
64,7
37.3
3 3
SHA
RE C
API
TAL
4,7
11,2
28.1
1 4
,711
,228
.11
4,7
11,2
28.1
1 4
,711
,228
.11
18,
844,
912.
44
4FI
NA
NC
IAL
INC
OM
E FR
OM
INV
ESTM
ENTS
2,0
37,9
76.4
8 4
,850
,796
.91
2,8
09,9
91.9
6 2
,998
,305
.61
12,
697,
070.
97
5C
ASH
FRO
M IN
VES
TMEN
TS 5
7,00
0,00
0.00
-
- -
57,
000,
000.
00
6RE
NTA
L IN
CO
ME
144
,000
.00
144
,000
.00
144
,000
.00
144
,000
.00
576
,000
.00
7FI
NA
NC
IAL
INC
OM
E FR
OM
LO
AN
S 1
34,1
76,4
51.9
2 1
38,1
86,0
86.2
5 1
44,6
69,7
36.8
8 1
50,1
44,9
26.4
4 5
67,1
77,2
01.4
9 8
OTH
ER O
PERA
TIN
G IN
CO
ME
16,
271,
967.
86
16,
271,
967.
86
16,
271,
967.
86
16,
271,
967.
86
65,
087,
871.
46
9M
EMBE
RS L
OA
N R
EPAY
MEN
T 6
53,6
60,3
27.8
2 6
53,6
60,3
27.8
2 6
53,6
60,3
27.8
2 6
53,6
60,3
27.8
2 2
,614
,641
,311
.27
10LO
AN
PRE
MIU
MS
28,
939,
359.
36
28,
939,
359.
36
28,
939,
359.
36
28,
939,
359.
36
115
,757
,437
.42
TOTA
L C
ASH
INFL
OW
1,0
08,3
48,8
84.5
7 9
58,1
71,3
39.3
4 9
62,6
14,1
85.0
2 9
68,2
77,6
88.2
3 3
,897
,412
,097
.17
CA
SH-O
UTF
LOW
11LO
AN
S TO
MEM
BERS
826
,498
,538
.89
826
,498
,538
.89
826
,498
,538
.89
826
,498
,538
.89
3,3
05,9
94,1
55.5
6 12
EXTE
RNA
L LO
AN
REP
AYM
ENT
25,
556,
578.
03
23,
490,
350.
19
21,
424,
122.
36
19,
357,
894.
52
89,
828,
945.
10
13PE
RSO
NN
EL E
XPE
ND
ITU
RE 1
4,44
4,04
7.73
1
4,44
4,04
7.73
1
6,14
3,04
7.73
1
4,44
4,04
7.73
5
9,47
5,19
0.90
14
GO
VER
NA
NC
E EX
PEN
SES
5,7
57,9
43.5
0 6
,069
,943
.50
6,3
81,9
43.5
0 5
,445
,943
.50
23,
655,
774.
00
15A
DM
INIS
TRAT
ION
CO
STS
32,
601,
935.
29
24,
084,
633.
91
33,
266,
540.
83
32,
057,
430.
07
122
,010
,540
.10
16FI
NA
NC
IAL
EXPE
NSE
S 2
87,5
00.0
0 2
87,5
00.0
0 2
,471
,775
.00
2,4
71,7
75.0
0 5
,518
,550
.00
17C
API
TAL
EXPE
ND
ITU
RE -
22,
730,
000.
00
19,
928,
000.
00
- 4
2,65
8,00
0.00
18
DIV
IDEN
DS
22,
316,
832.
37
- -
- 2
2,31
6,83
2.37
19
INTE
REST
ON
DEP
OSI
TS 1
81,1
04,9
19.3
5 -
- -
181
,104
,919
.35
20IN
VES
TMEN
T IN
CIC
UN
IT T
RUST
FU
ND
S -
15,
000,
000.
00
15,
000,
000.
00
30,
000,
000.
00
60,
000,
000.
00
TOTA
L O
UTF
LOW
1,1
08,5
68,2
95.1
6 9
32,6
05,0
14.2
2 9
41,1
13,9
68.3
0 9
30,2
75,6
29.7
1 3
,912
,562
,907
.39
OPE
NIN
G C
ASH
BA
LAN
CE
125
,503
,420
.00
25,
284,
009.
41
50,
850,
334.
54
72,
350,
551.
26
125
,503
,420
.00
AD
D: I
NFL
OW
S 1
,008
,348
,884
.57
958
,171
,339
.34
962
,614
,185
.02
968
,277
,688
.23
3,8
97,4
12,0
97.1
7 TO
TAL
1,1
33,8
52,3
04.5
7 9
83,4
55,3
48.7
5 1
,013
,464
,519
.56
1,0
40,6
28,2
39.4
9 4
,022
,915
,517
.17
LESS
: O
UTF
LOW
S 1
,108
,568
,295
.16
932
,605
,014
.22
941
,113
,968
.30
930
,275
,629
.71
3,9
12,5
62,9
07.3
9 C
LOSI
NG
CA
SH B
ALA
NC
E 2
5,28
4,00
9.41
5
0,85
0,33
4.54
7
2,35
0,55
1.26
1
10,3
52,6
09.7
8 1
10,3
52,6
09.7
8
UN
ISO
N S
AC
CO
LTD
CA
SH B
UD
GET
EST
IMAT
ES Y
EAR
202
0
Over 42 years of transforming lives SPECIAL GENERAL MEETING 2019 9
DET
AIL
SN
AN
YUK
I N
YAH
URU
RU W
IYU
MIR
IRIE
KIN
AM
BA
TIM
AU
RUM
URU
TI S
IPIL
I N
AR0
MO
RUM
ARA
LAL
ISIO
LO
HEA
D-
OFF
ICE
TOTA
L
1C
OM
PUTE
RS &
AC
CES
SORI
ES 3
90,0
00.0
0 -
- -
- 13
0,00
0.00
-
- 26
0,00
0.00
-
260,
000.
00
1,04
0,00
0.00
2
SERV
ER &
AC
CES
SORI
ES -
- -
- -
- -
700,
000.
00
- -
700,
000.
00
3ST
RUC
TURE
D C
ABL
ING
- -
- -
- -
- -
250,
000.
00
- 40
0,00
0.00
65
0,00
0.00
4
SCA
NN
ERS
40,0
00.0
0 40
,000
.00
- -
40,0
00.0
0 -
- -
- -
- 12
0,00
0.00
5
LASE
RJET
PRI
NTE
RS -
- -
- -
- -
- -
- 40
,000
.00
40,0
00.0
0 6
SMA
LL C
AM
ERA
S30
,000
.00
60,0
00.0
0 -
- -
- -
- 30
,000
.00
- -
120,
000.
00
7LA
PTO
P -
100,
000.
00
- -
- -
- -
- -
- 10
0,00
0.00
8
CA
SH C
OLL
ECTI
ON
PO
S10
0,00
0.00
-
- -
- -
- -
- -
- 10
0,00
0.00
9
MO
NEY
CO
UN
TERS
/DET
ECTO
RS -
- -
350,
000.
00
- -
- -
350,
000.
00
- -
700,
000.
00
10H
Q F
IREW
ALL
(UPG
RAD
E) -
- -
- -
- -
- -
- 1,
000,
000.
00
1,00
0,00
0.00
11
MO
DER
N N
VR
CC
TV S
YSTE
M45
0,00
0.00
45
0,00
0.00
-
- 45
0,00
0.00
-
- -
300,
000.
00
- 45
0,00
0.00
2,
100,
000.
00
12A
LARM
SEC
URI
TY S
YSTE
M -
- -
- -
- -
- 25
0,00
0.00
-
- 25
0,00
0.00
13
DO
CUM
ENT
MAN
AGEM
ENT
SYST
EM -
- -
- -
- -
- -
- 12
,500
,000
.00
12,5
00,0
00.0
0 14
FIXE
D A
SSET
S MG
MN
T SO
FTW
ARE
- -
- -
- -
- -
- -
1,50
0,00
0.00
1,
500,
000.
00
15PR
OJE
CTO
R -
150,
000.
00
- -
- -
- -
- -
- 15
0,00
0.00
16
CO
PIER
S -
- -
- 80
,000
.00
- -
- -
- 80
,000
.00
160,
000.
00
17PO
WER
BA
CK
-UP
- -
- -
- -
- -
350,
000.
00
- -
350,
000.
00
18PO
WER
BA
CK
UP
SYST
EM -
- -
- -
- -
- 35
0,00
0.00
-
- 35
0,00
0.00
19
AIR
CO
ND
ITIO
NER
- -
- -
- -
- -
200,
000.
00
- -
200,
000.
00
20G
ENER
ATO
R -
- -
- -
- -
- 60
0,00
0.00
-
- 60
0,00
0.00
21
PRO
POSE
D N
EW B
RAN
CH
- -
- -
- -
- -
- 4,
000,
000.
00
4,00
0,00
0.00
22
BRA
NC
H E
XPA
NSI
ON
- -
- -
- 5,
000,
000.
00
- 5,
000,
000.
00
4,00
0,00
0.00
-
- 14
,000
,000
.00
23FI
RE P
ROO
F C
ABI
NET
S -
- -
- -
- -
- 10
0,00
0.00
-
- 10
0,00
0.00
24
OFF
ICE
TABL
ES -
- 15
,000
.00
20,0
00.0
0 -
- -
- -
- 20
0,00
0.00
23
5,00
0.00
25
OFF
ICE
STA
FF S
EATS
- -
- -
- -
- -
- -
200,
000.
00
200,
000.
00
26C
ASH
IER
SEAT
S -
- -
- -
- -
- 90
,000
.00
- -
90,0
00.0
0 27
BOA
RDRO
OM
TA
BLE
& S
EATS
- -
- -
- -
- -
- -
940,
000.
00
940,
000.
00
283-
SEAT
ER C
UST
OM
ER C
HA
IR -
- -
40,0
00.0
0 -
15,0
00.0
0 -
- -
- -
55,0
00.0
0 29
SIN
GLE
SM
ALL
CU
STO
MER
SEA
TS -
- -
12,0
00.0
0 -
6,00
0.00
-
- -
- -
18,0
00.0
0 30
OFF
ICE
SAFE
- -
- 30
,000
.00
- 60
,000
.00
- -
60,0
00.0
0 -
- 15
0,00
0.00
31
FILI
NG
CA
BIN
ET -
20,
000.
00
- -
60,0
00.0
0 -
- -
60,0
00.0
0 -
- 14
0,00
0.00
To
tal
1,01
0,00
0.00
820
,000
.00
15,
000.
00
452,
000.
00 6
30,0
00.0
0 5,
211,
000.
00
- 5,
000,
000.
00
7,95
0,00
0.00
4,0
00,0
00.0
0 17,
570,
000.
00 4
2,65
8,00
0.00
UN
ISO
N S
AC
CO
SO
CIE
TY
LTD
CA
PITA
L BU
DG
ET E
STIM
ATES
YEA
R 2
020
Over 42 years of transforming livesSPECIAL GENERAL MEETING 201910
ACCOUNT OPENING REQUIREMENTS
Individual Account• Original and copy of national ID or passport• Passport photograph (taken at the branch)• Copy of KRA pin certificate
Groups Account• Signatories’ original and copy of ID card • Group minutes• Original and copy of the group’s registration certificate • Group’s bylaws• Signatories’ copy of PIN certificates
Institution Account/Organisation Account/ Company Account• Certificate of registration as well as its copy • Certificate of incorporation• Bylaws• Directors resolution• KRA Pin certificate
SAVINGS PRODUCTS
Ordinary Saving Account
Designed for salaried persons and has access to credit facilities.
Junior Star Account
Enables parents and children accumulate savings for their future.
Benefits and features• No account maintenance fee • Attractive interest rates on savings• No charges on cash deposit• Competitive interest rates• Age upto 18 years• Coin bank issued
Imani Saving Account
Designed for business individuals and groups with a no minimum operating balance with an Access to credit facilities.
Season Saving Account
Designed for members who want their saving to be safe and at the same time grow with attractive interest rates.
Save As You Earn
Designed for ordinary savers and has attractive interest rates.
Biashara Current Account
Convenient deposit/withdrawal account with negotiable overdraft facility suitable for people in business
Features• Cheque book
25 leaves Ksh. 45050 leaves Ksh. 900100 leaves Ksh. 1800
• Monthly maintenance fee Ksh. 100• Statement charges Ksh. 20 per page• Withdrawal charges Ksh.50• One may deposit cash as well as clear cheques
Fixed Deposit
Designed for individuals, investment groups and institutions as a savings plan that offer better returns.
Features• Minimum deposit amount of ksh.3000• Negotiable and attractive interest rates• Can be security for a loan• Specific deposit period.
Silver Seed Plan
A retirement plan designed to members as their savings grow.
Features• Minimum contribution per month ksh 100 only• No ledger fees on the plan• Withdrawal only at maturity of the plan i.e attaining
retirement age• No minimum balance• Attractive interest on savings ploughed back to the
investment
UNISON MICRO CREDIT PRODUCTS
Jijenge Normal Loan
Features• Available to members who have benefited from other
products• Interest rate 1% on reducing balance• Regular deposit contribution of Kshs. 1,000 per month
Biashara Loan• Loan given to individual members within the group• Friendly terms and conditions• Loans from Ksh. 10,000• Low monthly savings• Multiplier is 5 times your savings• No hidden charges• Fast processing of loans• Flexible loans collateral
Biashara Plus Loan
Benefits• Issued as an additional loan• Initial loan ceiling not exceeded• Multiplier is three times the deposits• Fast processing of loans
Chama Loan
Benefits • Flexible loan amounts• Weekly and monthly instalments• Easy security requirement• Multiplier is three times the deposits
Jasiri Loan
Benefits • Individual business loans• Fast processing of loans• Flexible security on loans• No hidden charges• Loans from Ksh. 10,000• Multiplier is 4 times the deposits
Masomo Loan
Benefits• Initial loan ceiling is not exceeded
Over 42 years of transforming lives SPECIAL GENERAL MEETING 2019 11
• Fast processing of loans• Issued to group members/individual business members
Asset Finance• Fast processing of loans• Loan partly secured by the asset• No hidden charges
Project Financing• Flexible repayment period• Moratorium of 6 months with repayment of interest on
monthly• Income from the project channeled through the Sacco
through a memorandum between the Sacco and the borrower
• Financing up to 80% of the project
CREDIT PRODUCTS
Normal Loan
A product designed for salaried people.
Features• Maximum loan qualification; 4 times the deposits.• Loan period shall not exceed 60 months • A third basic rule applies
Fanikisha Loan
Features• Salary to be channelled through FOSA• Maximum repayment period is 72 months • Multiplier is 4 times the deposits• Subject to 2/3 rule
Emergency Loan
Features• Maximum repayment period is 12 months• Multiplier is 3 times the deposits• A third basic rule applies• Processed instantly
Development Loan
Features• Maximum repayment period is 84 months
• Multiplier is 5 times the deposits
Preferential Loan
Features• Open to members who plough back their interest on
deposits and dividends in full for 3 continuous years• Multiplier is 4 times the deposits• Maximum repayment period is 72 months
Salary Advance
Features• Salary received through FOSA three consecutive months• Maximum of Ksh. 300,000• Processed instantly• Repayment period of up to 6 months.
Salary In Advance
Features• Salary received through FOSA three consecutive months• Maximum of 70% expected net salary• Interest charged on disbursements • Repayment period is 1 months
• Processed instantly
Dividend Advanced
Features• Maximum 75% of expected dividends• Must have no arrears in loan repayment
Fosa Short Term Loan
Features• Salary processing through FOSA• Must hold non-withdrawable deposits not less than 25%
of applied loan considering all other loan• Subject to 2/3 rule• Processed instantly
Settlement Loan
A product designed to assist newly employed customers
Features• Part of loan capitalized (to meet minimum share capital
requirement)• Provide certified letter of appointment/posting letter.• Processed instantly
Fosa prime
Features• Salary to be channeled through FOSA• Maximum repayment period is 84 months• Multiplier is 4 times deposits
• Subject to 2/3 rule
Retirement Package
Features• Members are encouraged to retain their membership
after retirement• Lump sum and monthly pension paid through Fosa• Monthly contribution 500/= per month• Granted loans like any other member recovered through
standing orders
PAYBILL NUMBER
PAYBILL NO. 884219
Customers can make deposits and pay their loans using our paybill no 884219
How to deposit/pay using paybilla) Go to M-pesa menu-Lipa na M-PESAb) Paybillc) Enter business number (884219)d) For account number, enter your id number followed by
the product code.e) Enter the amount
Over 42 years of transforming livesSPECIAL GENERAL MEETING 201912
Mr. David WamaeSecretary.
BOARD OF DIRECTORS
SUPERVISORY COMMITTEE
MANAGEMENT STAFF
Mr. James MuhandiChairman
Mr. Christopher GichimuHon Secretary.
Mr. Patrick WeruDirector.
Mr. Charles KiruriChairman.
Mr. Charles KiamaMember.
Mr. Peter NdugoVice Chairman.
John KibagioDirector.
Mr George M MuriukiC.E.O.
Mr Joseph KirabiTreasurer
Mrs. Margaret MathengeDirector.
Mr. Ceasor WanjauDirector.
Mr Moses MurageDirector
Mr George Maina –CEO
Mr Muchemi Kamau - Finance Manager
Mr John Njogu – ICT Manager
Mrs Margaret Njuguna – Recovery Manager
Mr Samuel Ndirangu – Micro Credit Manager
Mr James Murage – Internal Auditor
Ms Ann kabiru – Credit Manager
Ms Agnes Nkirote – Chief Accountant.
Ms Caroline Muriithi - Marketing Manager
Branch Managers
Ms Damaris Kihia – Branch Manager (Rumuruti)
Ms Elizabeth Muriithi – Branch Manager (Timau)
Ms Winnie Wanjiku Mugambi - Branch Manager (Naro-moru)
Ms Florence Kamau – Branch Manager (Wiyumiririe)
Mr Anthony Mwangi – Branch Manager (Nanyuki)
Mr Moses Kiwiri – Branch Manager (Sipili)
Mr Geofrey Thuo Kamau – Branch Manager (Kinamba)
Mr Stanley Ndung’u - Branch Manager (Nyahururu)
Apply for adividend advance through
unicash banking dial *882*80#
PROCEDURE:Enter Op�on 4
Apply loan1. Mobile loan2. dividend advance3. dividend advance qualifica�on4. Exit42 Years of Transforming Lives
Wishing you all the joys
and wonders of Christmas, may this
festive season fill your life with bright and
precious moments.... And bring you lots of
sweet and pleasant surprises. Merry
Christmas and prosperous year 2020
BALANCE CASHWITHDRAWAL
MOBILELOANS
DIVIDENDADVANCE LOAN
UTILITYPAYMENTS
ATM STOPPAGE/DEACTIVATION
Head officeNanyuki: Tel: 062-2031969, Mob: 0725 453 124
Branches:Nanyuki Mob: 0704 675 896, Nyahururu Tel: 065-2032119, Mob: 0725 453123,
Kinamba Mob: 0702 689532, Rumuruti Mob: 0705 488884, Wiyumiririe Mob: 0702 605248, Timau Mob: 0702 689209, Sipili Mob: 0724 212281, Naromoru Mob: 0724 212282, Maralal Mob: 0721 463733.
Email: [email protected] Website: www.unisonsacco.co.ke
To access Uni-cash Banking Services, please dial *882*80#Mobile Banking