28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE...
-
Upload
oscar-sims -
Category
Documents
-
view
213 -
download
0
Transcript of 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE...
![Page 1: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/1.jpg)
28TH ANNUAL GENERAL MEETING
CHAIRMAN’S REPORT
![Page 2: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/2.jpg)
OPERATIONS AND HUMAN RESOURCE
Year 2008 2009 2010 2011 2012
Active Membership 2,873 3,446
4,125
4,697
5,531
Employees 6 8
8
13
17
Members Deposits 607,579,750 809,234,230
1,070,927,590
1,376,867,603
1,782,390,657
Loans to Members 640,758,930 807,266,755
1,058,460,998 1,421,100,258
1,862,006,719
Total Assets Base 704,361,408 939,016,050
1,233,251,820
1,597,952,594
2,084,163,027
![Page 3: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/3.jpg)
SYSTEM IMPLEMENTATION • Navision system procured in 2011
• Fully implemented in 2012.
![Page 4: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/4.jpg)
AUDIT AND RISK COMMITTEE
• Committee constituted in line with SASRA requirements.
• Responsible for reviewing financial conditions of the Society, internal controls and findings of the internal auditor.
• Recommends monthly remedial actions.
![Page 5: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/5.jpg)
MEMBERSHIP GROWTH
• 1665 new members recruited in 2012
• Active members increased from 4,697 in 2011 to 5,531 in 2012.
• This is a 17.8% growth.
• 51 new organizations recruited in 2012
![Page 6: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/6.jpg)
LOANS TO MEMBERSGrowth of loans in 2012 compared to 2011
![Page 7: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/7.jpg)
Graph B: Growth margin for Loans against Deposits for 2010 to 2012
![Page 8: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/8.jpg)
TURN OVER AND PROFITABILITY
• Turnover in 2012 at Ksh.218,480,325 compared to Ksh.157,194,678 in 2011.
• This is a remarkable 39% growth
![Page 9: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/9.jpg)
CAPITAL AND RESERVES
• Capitalization at Ksh.67,128,730 (Share Capital, Statutory Reserve, Investment Reserve and Revenue Reserve) as at 31st December 2012.
• This is in line with 2011 – 2015 Strategic Plan to double capital base from Ksh.35,879,337 in 2010 to Ksh.71,758,674 in 2013.
• 93% has been achieved.
![Page 10: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/10.jpg)
MEMBERS TRAININGMembers’ Participation at Education Days (2009 to 2012)
![Page 11: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/11.jpg)
CORPORATE SOCIAL RESPONSIBILITY
• Ksh.80,000 cash to National Spinal Injury Hospital along Lenana road Nairobi towards completion of a hydrotherapy pool.
• Ksh.80,000 to Ahadi Kenya Trust to aid in anti-jigger campaign in Thika.
• Ksh.40,000 worth of learning materials to Magodo Children’s Home, Uhuru Estate, Nairobi.
• Ksh.40,000 worth of assorted baby items to Abandoned Baby Center, Dagoretti.
• Ksh.50,000 worth of sanitary provisions to Binti Pamoja Initiative, Kibera Slums.
![Page 12: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/12.jpg)
![Page 13: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/13.jpg)
![Page 14: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/14.jpg)
FUTURE PLANS
• Web portal
• FOSA
• Governance-Sacco to consider changing from AGM to ADM(Annual Delegates Meeting) where each organization will send a representative
![Page 15: 28 TH ANNUAL GENERAL MEETING CHAIRMAN’S REPORT. OPERATIONS AND HUMAN RESOURCE Year20082009201020112012 Active Membership 2,873 3,446 4,125 4,697 5,531.](https://reader035.fdocuments.in/reader035/viewer/2022081520/5697bf811a28abf838c85572/html5/thumbnails/15.jpg)
Thank you