Shelloyees Sacco successfully held its Annual General Meeting on 14th March 2026 at the Pullman Nairobi. The Hybrid AGM was well attended by members, with up to 137 physical members, reflecting the continued commitment and support towards the growth and governance of our Sacco.
During the AGM, members participated in the elections, an important part of our democratic process, ensuring strong leadership and good governance for the Society.
The results were as follows:
There was only one candidate for the Supervisory Committtee position, Mr. Edgar Okeno, who won unopposed.
The event was particularly special as the Sacco celebrated its 55th Anniversary, marking over five decades of service, growth, and commitment to improving members’ financial well-being. This milestone was a moment to reflect on the journey, achievements, and the strong foundation built by members, leaders, and staff over the years.
A key highlight of the AGM was the launch of the Strategic Plan 2026–2030, which outlines the Sacco’s roadmap for the next five years. The strategic plan is guided by the theme:
“Transforming Together for a Prosperous Tomorrow.”
This theme reflects the Sacco’s commitment to innovation, growth, member empowerment, and working together to achieve long-term financial prosperity for all members.
Members also witnessed the launch of the new logo and corporate colors, symbolizing a new phase of growth, transformation, and a refreshed corporate identity for Shelloyees Sacco.
Here in is our new corporate logo:
To appreciate members who attended the AGM, the Sacco provided merchandise including Umbrellas, T-shirts, and a tote bag, as a token of appreciation for their continued support and participation.
Overall, the AGM was a successful, engaging, and fruitful event, and we thank all members who attended and continue to support Shelloyees Sacco as we move forward together towards a prosperous future.
Transforming Together for a Prosperous Tomorrow.
Kindly have a look at some of the pictures taken during the AGM:
FROM THE DESK OF THE CEO
Building on Solid Foundations: 2025 in Review & the Road to Member Prosperity in 2026
Dear Esteemed Member,
It is with deep gratitude and a sense of shared purpose that I write to you, our most valuable member to reflect on what we achieved together in 2025, and to share the exciting trajectory we have charted for the year ahead. The Shelloyees SACCO story is, above all, your story; one of collective discipline, trust, and the unwavering belief that Pamoja Twajijenga — together, we build ourselves.
As I look back on 2025, I am proud to report that your SACCO delivered a year of measured growth, strengthened governance, and operational resilience. Our fundamentals remain sound, our membership continues to grow, and we have set the stage for a transformative 2026.
2025 PERFORMANCE HIGHLIGHTS
The financial year 2025 was characterised by disciplined stewardship of member resources and a focus on building the institutional capacity that will underpin long-term value creation. Against a backdrop of elevated financial demands and tightened household incomes across the sector, the Society delivered the following results:
Total Assets: Ksh 1.3 billion — demonstrating steady growth in the asset base entrusted to us by members
Membership: Approximately 1,470 active members, reflecting continued confidence in the SACCO offerings and our commitment to financial inclusion and extension our motto of Pamoja twajijenga!
Dividend on Shares: 15% — approved by members at the 55th Annual General Meeting, March 2026 showing a story of resilience, consistent and fulfillment of our promise to you!
Interest on Deposits: 10.5% — a competitive return on member savings in the current market
Loan Portfolio: Sustained growth across personal, development, and emergency credit products
Regulatory Standing: Full compliance with SASRA requirements maintained throughout the period
These results did not happen by chance. They are the product of sound credit management, prudent liquidity practices, and a team that showed up every single day committed to serving you. I am especially proud that we entered 2026 as a SACCO that is not merely surviving — we are positioning ourselves to thrive.
“A cooperative is only as strong as the trust between its members and the institution that serves them. In 2025, we deepened that trust.”
RECOGNISING THE PEOPLE BEHIND THE RESULTS
Great institutions are built by great people. I take this opportunity to recognise each member of the Shelloyees SACCO Secretariat for their individual contribution to our collective success in 2025. Every result we celebrate belongs, in no small measure, to them.
Mr. Calvin Wambua | Accountant
Calvin has been the backbone of our financial reporting and compliance architecture. His meticulous approach to management accounts, SASRA regulatory submissions, and budget execution ensured that the Society’s financial health remained transparent and audit-ready at all times. The accuracy and discipline with which Calvin manages the books is the foundation upon which every strategic decision rests.
Ms. Janet Chepkemoi | Credit Manager
Janet’s stewardship of the loan portfolio in 2025 demonstrated exactly the balance a cooperative credit institution must strike i.e between accessibility for members and prudent risk management for the Society. Under her watch, credit appraisal standards were strengthened, turnaround times improved, and our non-performing loan ratios were actively managed. Janet is the reason members can access fair credit and the Society stays healthy.
Ms. Marilyn | Marketing Officer
2025 saw Shelloyees take important strides in member communication, brand visibility, and financial literacy outreach, and Marilyn was at the centre of it all. From coordinating member education initiatives to driving the groundwork for our brand refresh ahead of the launch, Marilyn ensured that the SACCO’s voice remained clear, consistent, and compelling. Her energy and creativity have raised the bar for how we engage with our members.
Mr. Paul Mwendwa | ICT Officer
In an era where digital infrastructure is as critical as physical infrastructure, Paul has ensured that Shelloyees remains operationally robust and technologically responsive. From system stability to member data integrity and the rollout of digital service improvements, Paul’s quiet but indispensable work underpins the efficiency with which every other department operates. His commitment to keeping our systems secure and reliable is a service to every member.
Ms. Esther | Operations & Customer Service
The face that members most frequently encounter is Esther’s, and she has carried that responsibility with warmth, professionalism, and genuine commitment to member satisfaction. Esther’s role in day-to-day operations and front-line service delivery means that every deposit, query, and complaint is handled with the care it deserves. Her consistency in delivering positive member experiences is a direct reflection of our core values.
I also wish to extend my sincere appreciation to the Board of Directors, under the distinguished leadership of our Chairman, Mr. Oscar Mbala, for their continued strategic oversight, governance diligence, and the confidence they extend to Management in the execution of the Society’s mandate. Governance is the invisible hand that guides every good operation — and our Board exemplifies this.
WHAT TO EXPECT IN 2026: BUILDING YOUR WEALTH
The launch of the Shelloyees Strategic Plan 2026–2030 at the 55th AGM marked a defining turning point for your SACCO. Under the theme of sustainable growth and enhanced member value, we have identified clear focus areas that will define 2026 and set the pace for the decade ahead. Our north star is simple: to meaningfully improve the return on your investment in this SACCO.
Our six key pillars for 2026 are:
💰 Enhanced Member Returns — We are committed to optimising dividend payouts and interest on deposits through improved portfolio yield, efficient cost management, and prudent investment of pooled member resources. Your money must work harder for you.
📈 Wealth Creation Products — We will introduce and scale products specifically designed to build long-term member wealth — including structured savings plans, investment-linked deposit accounts, and facilitated land and property acquisition programmes in partnership with vetted developers.
🏦 Credit Access & Affordability — Expanding the loan product range to serve more member needs — from SME and business loans to affordable housing finance — while maintaining competitive interest rates and faster processing times.
💻 Digital Transformation — Rolling out enhanced self-service digital channels so members can access their accounts, apply for loans, and track their savings from anywhere, at any time. Convenience is part of the value we deliver.
📚 Member Financial Literacy — Investing in structured financial education forums, workshops, and digital resources to empower members to make better decisions with their money — inside and outside the SACCO.
🏛️ Governance & Compliance Excellence — Continuing to strengthen our internal controls, risk management frameworks, and SASRA compliance posture — because strong governance protects every shilling you have entrusted to us.
These are not aspirations on paper. They are commitments backed by a budget, a team with clear KPIs, and a Board that will hold Management accountable for delivery. In 2026, you should see a SACCO that is more accessible, more rewarding, and more responsive to your financial journey.
A Personal Commitment
As CEO, I carry both the privilege and the responsibility of stewardship over a Sacco that touches the livelihoods of over 1,470 families. I do not take that lightly. My commitment to you is that every decision I make, every system we put in place, and every product we offer, will be guided by one question: does this create genuine value for our members?
We have built strong foundations. Now is the time to build upward — together. I look forward to sharing more milestones with you throughout 2026 and invite you to remain engaged, ask questions, and continue trusting us with your financial future.
Yours in cooperative solidarity,
Martha Nanzala
Chief Executive Officer
Shelloyees Co-operative Savings and Credit Society Limited
PAMOJA TWAJIJENGA • Reg. No. CS/1971 • Regulated by SASRA
