BUDGET

ESTIMATES 2025
DATE: 16TH NOVEMBER, 2024
TIME: 10:00am
VENUE: Wiyumiririe Primary School

EDUCATION PLAN
EDUCATION SAVINGS PLAN is defined in 4 Terms
3-Year Plan | 6-Year Plan | 9-Year Plan | 12-Year Plan

FEATURES
Minimum contribution of Kshs. 500 per month
Plan is open to all SACCO Members
Annual return of not less than 10% payable on pro-rata and the return capitalized to
the principle
Upon maturity, the members gets the funds saved as a lump sum or in a minimum of
2 instalments
Contribution through checkoff, standing order, cash deposit cash collection or paybill

Always There For You 47 Years of Transforming Lives

PROJECT
FINANCE
Achieve your DREAMS
with UNISON PROJECT FINANCING LOAN.

FEATURES
Moratorium period of 6 months
Financing up to 80% of the project
Maximum loan period of 120 months
Income from the project channeled through the Sacco Account
For salaried members, ability is based on the payslip and
security can be based on deposits, guarantors or transferable
security
Nanyuki Tel: 062-203 1969 Mobile: 0725 453 124 Mobile: 0786 453 124
Nanyuki, Mobile No. 0704 675 896, Nyahururu, Tel: 065-2032119, Mobile No. 0725 453 123,
HeadNo.
Kinamba, Mobile office:
0702 689 532, Rumuruti, Mobile No. 0705 488 884, Wiyumiririe, Mobile No. 0702 605 248,
Branches:
Timau, Mobile No. 0702 689 209, Sipili, Mobile No. 0724 212 281, Narumoru, Mobile No. 0724 212 282.
Maralal, Mobile No. 0721 463 733, Isiolo, Mobile No. 0799 687 701, Nakuru, Mobile No. 0794 409 274
Email: info@[Link] Website: [Link]

47 Years of Transforming Lives

Over 47 Years of Transforming Lives SPECIAL GENERAL MEETING 2024 1
 BOARD OF DIRECTORS REPORT DURING THE SPECIAL GENERAL MEETING
HELD ON 16TH NOVEMBER 2024 AT WIYUMIRIRIE PRIMARY SCHOOL

Distinguished Guests, Board of Directors and the Supervisory, Unison SACCO Members, Unison SACCO Stakeholders, Ladies
and Gentlemen. We hope you are well.
As we approach the end of the fiscal year, we are pleased to present our proposed budget for the upcoming year. This budget
reflects our collective priorities and aligns with our strategic goals to strengthen our SACCO’s financial health, support
sustainable growth, and continue delivering value to our members, whom, we popularly refer to as Honourable Members.
We kindly request for your review and approval of this budget. Your input is invaluable, and your support is crucial as we
work together to achieve our financial goals. We have ensured the budget has reasonable estimates to the benefit of us all.
Honourable members, allow me now to delve into the estimates and do the following highlights;
a). Income
We propose to get a total income of Ksh. 1,436,520,274.44 of which Ksh. 699,175,804.04 shall go to payment of interest on
savings and deposits. We are proud to report that our income growth allows us to improve member services, expand our loan
offerings, and strengthen our financial reserves. The SACCO remains committed to sound financial management and secures
our long-term stability and supports each member’s financial growth.
Of paramount importance as a SACCO and even as individual members is to control income leakages. One authority called
Natasha Munson said and I quote, “Money, like emotions, is something you must control to keep your life on the right track”.
We are optimistic that we shall be able to realize the proposed income during the year 2025.
Indeed, Walt Disney said, and I quote, “All dreams can come true if we have the courage to pursue them”.
b). Expenditure
Colleagues and fellow members, we have proposed to spend Ksh. 460,788,596.85 on SACCO’s operations. In managing our
funds, we prioritize transparency and accountability to ensure every decision we take aligns with our SACCO’s mission and
supports our members’ financial well-being.
Friends, our greatest risk remains the possibility of bad loans on our loan book. Any loan whether salaried or business that goes
beyond watch category causes an increase in our provision for loan loss. We are continually reviewing our credit policies with
a quest to prevent bad loans in our books. On behalf of the Board of Directors, I implore on all borrowers to repay their loans
well to ensure our SACCO remains financially healthy.
We commit, in a very deliberate way to ensure that every expense is carefully managed to maximize value for you, our
members, while securing the SACCO’s growth and stability.
c). Ladies and gentlemen, allow me also to request each one of us, especially the salaried members, to prioritize contribution
on long term deposits with a view to ensuring that we achieve a balance between the deposits and loan. Deposits are your
investment. They are a point of reference when borrowing loan.
d). Further, we have proposed a Capital Budget of Ksh. 39,869,628.92. We successfully implemented the 2024 capital budget,
and we shall be done by close of this year. We thank you for supporting us to achieve key milestones for Unison SACCO
courtesy of capital budget. We are careful not to dilute our retained earnings through capital expenditure for what reason we
have drastically reduced it as compared to the year 2024.
In conclusion, this budget reflects our SACCO’s commitments to sustainable growth, improved members services, and
long-term financial stability. We have carefully balanced our income channels with prudent spending to achieve both short-term
and long-term value.
By approving this budget, we are empowering our SACCO to meet its strategic objectives. We ask you for support and approval
to move forward with this plan, so together, we can continue to grow a strong and resilient SACCO that works for all of us.
Thank you.
Long Live Unison SACCO and long life and financial prosperity for our members.

MR. CHRISTOPHER W. GICHIMU

Chairman
For Board of Directors.

2 SPECIAL GENERAL MEETING 2024 Over 47 Years of Transforming Lives

 MINUTES OF SPECIAL GENERAL MEETING HELD
ON 18 NOVEMBER 2023 AT WIYUMIRIRIE PRIMARY SCHOOL
TH

MEMBERS PRESENT
Members present - 457
IN ATTENDANCE
1. CEC - Co-operatives (Laikipia County)
2. Director for Co-operatives (Laikipia County)
3. Co-operative Officers (Laikipia County)
4. KUPPET
5. KNUT
PREAMBLE
The meeting started with prayers from Mno 3438 at 11.00 am
AGENDA
1. Reading and confirmation of the previous minutes
2. Matter arising
3. Board of Directors’ report to the SGM
4. Budget estimates for the year 2024
5. Any other business
MIN 01/18/11/2023: READING AND CONFIRMATION OF THE PREVIOUS MINUTES.
The Hon Secretary read the minutes of the previous Special General Meeting.
They were proposed and seconded by Mno 3577 and 4368 respectively.
MIN 02/18/11/2023: MATTERS ARISING
There were no matters arising.
MIN 03/18/11/2023: BOARD OF DIRECTORS REPORT TO THE SPECIAL GENERAL MEETING
The Chairperson, Mr. Gichimu presented the Board of Directors’ report to the SGM which highlighted the following;
Income
Proposed budget on total income of Ksh. 1.34 billion where 88% of this income will be realized from interest on loans and
12% from other operations including rental income.
Expenditure
Proposed interest on savings and deposits of Ksh. 612.9 million.
Proposed total expenditure of Ksh. 476.4 million leaving a surplus of Ksh. 255.9 million before tax.
Dividends and retained earnings
Proposed dividends payout of Ksh. 58.6 million and retained earnings of Ksh.186.6 million.
Capital Expenditure
Proposed expenditure of Ksh.100.9 million on procurement of Sacco assets and constructions of Nanyuki, Nyahururu and
Timau Branches.
The report further highlighted other issues;
a) Business expansion as contained in our strategic and action plan to open more branches and a satellite in 2024.
b) Dividend plough back
- Members can plough back their dividends at their convenience percentage to become preferential
members and enjoy benefits from preferential loan with better terms
c) Electronic channels
Alternative channels include;
- Mobile banking accessible through USSD code *882*80#
- Unicash app
- ATMs
- Sacco Agencies
d) New products
Golden Plan - It is a retirement saving plan with affordable terms.

The report was proposed and seconded by Mno 5155 and Mno 3558 respectively for discussion.
There was no reaction from members.

Over 47 Years of Transforming Lives SPECIAL GENERAL MEETING 2024 3

 MIN 04/18/11/2023: BUDGET ESTIMATES FOR THE YEAR 2024
The treasurer presented the budgetary estimates for the year 2024.
They were approved for implementation through the proposal and secondment of Mno 41709 and Mno 71556
respectively.
The budget projected as follows;

Ksh.
Total income 1,345,355,327.24
Less interest expense on savings and deposits 612,971,572.04
Gross income 732,383,755.20
Total expenditure 476,415,770.44
Surplus/loss a/c before tax 255,967,984.76
Less corporate tax 10,679,995.55
Surplus/loss a/c after tax 245,287,988.90
Surplus appropriation for the year 245,287,988.90

Less proposed dividend 58,631,415.36

Retained earnings/loss 186,656,575.54
Estimated capital budget for year 2024 100,989,700.00

Member reaction on the budget;

Mno 3289 sought to be clarified on the breakdown on expenditure on item No. 26 on capital budget estimates.
The treasurer made the clarification to the member and the SGM.
MIN 05/18/11/2023: ANY OTHER BUSINESS
- The County Executive Committee Member (CECM) for Co-operatives in his remarks praised UNISON
SACCO for its continued provision of good and quality products and services to its members.
- He also conveyed Governor`s greeting to the SGM and pointed out that the challenges faced by the
co-operative societies in the county will be solved by the current government.
- In her remarks the Director for Co-operatives applauded the Sacco for its co-operation and assistance during
this year Ushirika Day.
- She also advised members to invest wisely through borrowed loans.

• Mno 2306 raised an issue relating to elections .

• Mno 6630 had an issue with refund insurance cover on loans.
• Mno 7005 raised an issue on the difficulties she encountered as she sought to offset her loan.
The chairperson responded to all three issues raised.

The meeting ended at 2.04 pm with prayer from Mno. 7005.

Minutes recorded by …………………………………………………….………. John Kibagio

Hon. Secretary

Minutes confirmed by …………………………………………………………… Christopher Gichimu

Chairperson

4 SPECIAL GENERAL MEETING 2024 Over 47 Years of Transforming Lives

INCOME & EXPENDITURE ESTIMATES YEAR 2025
UNISON SACCO SOCIETY LTD

Over 47 Years of Transforming Lives SPECIAL GENERAL MEETING 2024 5

INCOME & EXPENDITURE ESTIMATES YEAR 2025
UNISON SACCO SOCIETY LTD

6 SPECIAL GENERAL MEETING 2024 Over 47 Years of Transforming Lives

INCOME & EXPENDITURE ESTIMATES YEAR 2025
UNISON SACCO SOCIETY LTD

Over 47 Years of Transforming Lives SPECIAL GENERAL MEETING 2024 7

CASH BUDGET ESTIMATES YEAR 2025
UNISON SACCO SOCIETY LTD

8 SPECIAL GENERAL MEETING 2024 Over 47 Years of Transforming Lives

CAPITAL BUDGET ESTIMATES YEAR 2025
UNISON SACCO SOCIETY LTD

Over 47 Years of Transforming Lives SPECIAL GENERAL MEETING 2024 9

 ACCOUNT OPENING REQUIREMENTS Silver Seed Plan

Individual Account A retirement plan designed to members as their savings grow.

• Original and copy of national ID or passport Features
• Passport photograph (taken at the branch) • Minimum contribution per month ksh 100 only
• • No ledger fees on the plan
Groups Account • Withdrawal only at maturity of the plan i.e attaining
• Signatories’ original and copy of ID card retirement age
• Group minutes • No minimum balance
• • Attractive interest on savings ploughed back to the
• Group’s bylaws investment
• UNISON MICRO CREDIT PRODUCTS
Jijenge Normal Loan
Features
•
products
SAVINGS PRODUCTS
• Interest rate 1% on reducing balance
Ordinary Saving Account • Regular deposit contribution of Kshs. 1,000 per month
Designed for salaried persons and has access to credit facilities. Biashara Loan
Junior Star Account • Loan given to individual members within the group
Enables parents and children accumulate savings for their • Friendly terms and conditions
future. • Loans from Ksh. 10,000
• Low monthly savings
• Multiplier is 5 times your savings
• No account maintenance fee
• No hidden charges
• Attractive interest rates on savings
• Fast processing of loans
• No charges on cash deposit
• Flexible loans collateral
• Competitive interest rates
• Age upto 18 years Biashara Plus Loan
• Coin bank issued
Imani Saving Account • Issued as an additional loan
Designed for business individuals and groups with a no • Initial loan ceiling not exceeded
minimum operating balance with an Access to credit facilities. • Multiplier is three times the deposits
• Fast processing of loans
Season Saving Account
Chama Loan
Designed for members who want their saving to be safe and at
the same time grow with attractive interest rates.
Save As You Earn • Flexible loan amounts
• Weekly and monthly instalments
Designed for ordinary savers and has attractive interest rates.
• Easy security requirements
Biashara Current Account • Multiplier is three times the deposit
Convenient deposit/withdrawal account with negotiable Requirements
• A product to finance group projects
Features • Group to contribute 1/3 of the total cost of project
• Cheque book • Group to secure with tangible security
25 leaves Ksh. 602.50 • Group to have a valid certificate
50 leaves Ksh. 1,205.00
100 leaves Ksh. 2,410.00 Jasiri Loan
• No account maintenance fee
• Statement charges Ksh. 50 per page • Individual business loans
• Minimal withdrawal charges • Fast processing of loans
• One may deposit cash as well as clear cheques • Flexible security on loans
Fixed Deposit • No hidden charges
• Loans from Ksh. 10,000
Designed for individuals, investment groups and institutions
• Multiplier is 4 times the deposits

Features Masomo Loan

• Minimum deposit amount of ksh.3000
• Negotiable and attractive interest rates • Initial loan ceiling is not exceeded
• Can be security for a loan • Fast processing of loans
• • Issued to group members/individual business members

10 SPECIAL GENERAL MEETING 2024 Over 47 Years of Transforming Lives

 Salary In Advance
Features
Asset Finance • Salary received through FOSA three consecutive months
• Fast processing of loans • Maximum of 70% expected net salary
• Loan partly secured by the asset • Interest charged on disbursements
• No hidden charges • Repayment period is 1 months
Project Financing • Processed instantly
• Flexible repayment period
Dividend Advanced
• Moratorium of 6 months with repayment of interest on Features
monthly
• Income from the project channeled through the Sacco • Maximum 75% of expected dividends
through a memorandum between the Sacco and the • Must have no arrears in loan repayment
borrower Prestige Loan
• Financing up to 80% of the project Features
• Loan deduction through checkoff
M-Cash Loan
• Minimum deposit contribution Ksh. 2,000 p.m.
• Members must contribute to deposits monthly
• Maximum repayment period of 110 months
• Self-guaranteed loan • Suitable for buyoffs
• Competitive loan amount
Settlement Loan
• Competitive repayment period
A product designed to assist newly employed customers
• Loan application through your mobile phone
Features
• Part of loan capitalized (to meet minimum share capital
CREDIT PRODUCTS requirement)
Normal Loan •
A product designed for salaried people. • Processed instantly
Features Vuma Loan
• Features
• Loan period shall not exceed 60 months • No guarantors required
• A third basic rule applies • For new entrants
Fanikisha Loan • Applies to TSC and Civil Servants
Features • One off administrative cost deducted on disbursement
• Fast processing of loans • Suitable for buyoffs
• 10% deposit for checkoff loans • Flexible repayment period
• 20% deposits on standing orders • Deposit requirement of Ksh. 10% of the loan amount
• Maximum repayment period is 96 months • Salary channelled through Unison Sacco account have added advantage
• No hidden charges of mobile loans and short-term loans, conveniently paid through mobile
app and ussd at no cost
Emergency Loan
Features Retirement Package
• Maximum repayment period is 12 months Features
• Multiplier is 3 times the deposits • Members are encouraged to retain their membership
• A third basic rule applies after retirement
• Processed instantly • Lump sum and monthly pension paid through Fosa
Development Loan • Monthly contribution 500/= per month
Features • Granted loans like any other member recovered through
standing orders
• Maximum repayment period is 96 months
• Multiplier is 5 times the deposits PAYBILL NUMBER
Preferential Loan PAYBILL NO. 884219
Features Customers can make deposits and pay their loans using our
• Open to members who plough back their interest on paybill no 884219
deposits and dividends in full for 3 continuous years
How to deposit/pay using paybill
• Multiplier is 4 times the deposits
• Maximum repayment period is 72 months a) Go to M-pesa menu-Lipa na M-PESA
b) Paybill
Salary Advance
c) Enter business number (884219)
Features
• Salary received through FOSA three consecutive months d) For account number, enter your id number followed by
the product code.
• Processed instantly e) Enter the amount
• Repayment period of up to 6 months.

Over 47 Years of Transforming Lives SPECIAL GENERAL MEETING 2024 11

 BOARD OF DIRECTORS

Mr. John Njogu

C.E.O.

Mr. Ramzan Mr. Isaac Karitu

Director Director

SUPERVISORY COMMITTEE

12 SPECIAL GENERAL MEETING 2024 Over 47 Years of Transforming Lives

PRESTIGE
LOAN
Are you stuck with HIGH INTEREST LOANS?
WE’VE GOT A SOLUTION FOR YOU.

FEATURES
Loan deduction through checkoff
Minimum deposit contribution Kshs. 2,000.00 pm
Maximum repayment period of 110 months
Multiplier x15 times your deposits
Suitable for buy offs

Nanyuki Tel: 062-203 1969 Mobile: 0725 453 124 Mobile: 0786 453 124
Nanyuki, Mobile No. 0704 675 896, Nyahururu, Tel: 065-2032119, Mobile No. 0725 453 123,
HeadNo.
Kinamba, Mobile office:
0702 689 532, Rumuruti, Mobile No. 0705 488 884, Wiyumiririe, Mobile No. 0702 605 248,
Branches:
Timau, Mobile No. 0702 689 209, Sipili, Mobile No. 0724 212 281, Narumoru, Mobile No. 0724 212 282.
Maralal, Mobile No. 0721 463 733, Isiolo, Mobile No. 0799 687 701, Nakuru, Mobile No. 0794 409 274
Email: info@[Link] Website: [Link]

47 Years of Transforming Lives

GOLDEN
PLAN
HAVE A STRESS-FREE RETIREMENT

FEATURES
10% bonus upon retirement
Minimum monthly contribution of Kshs. 200
Interest rate paid, same as other non-withdrawable deposits
Withdrawable upon retirement
The interest earned is automatically ploughed back to the
retirement savings

47 Years of Transforming Lives