WSACCO WAZALENDO SAVINGS AND CREDIT COOPERATIVE SOCIETY LIMITED
Wazalendo SACCO Financial Performance
As reflected in the audited financial statements Wazalendo Savings and Credit Cooperative Ltd realized an increase of 10.3% in its profitability during the financial year ended 31 Dec 2014
This remarkable improvement in profitability is attributable to the vigorous initiatives in mobilization and sensitization of members to increase their saving propensities and accessibility of affordable loan products that has increased the loan disbursements
During the same period, Wazalendo SACCO registered an increase of 57% in equity and reserves.
Key Financial Ratios
| Ratios | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | Benchmark |
|---|---|---|---|---|---|---|---|
| Liquidity ratio | 10.77% | 25.4% | 13.45% | 10.26% | 15.4% | 28% | ≥30% |
| Operating self sufficiency | 295.5% | 228.9% | 168% | 190.65% | 163.73% | 133% | >150% |
| Financial self sufficiency | 294.8% | 179% | 162.77% | 190.65% | 163.73% | 133% | >100% |
| Return on Assets (ROA) | 14.4% | 12.6% | 6.5% | 6% | 5.90% | 5.20% | >15% |
| Debt to equity ratio | 46,4% | 173.9% | 238.99% | 187.2% | 225.07% | 700% | <1/<100% |
| Capital adequacy ratio | 68.3% | 36.5% | 34.82% | 29.5% | 30.76% | 13% | >30% |
| S/NO | LOAN PRODUCT | BENEFICIARIES | AMOUNT |
| (a) | (b) | (c) | (d) |
| 1 | Quick Loan | 63 | 10,278,170 |
| 2 | School Fees Loan | 3,575 | 735,539,340 |
| 3 | Agriculture Loan | 2,231 | 4,432,195,110 |
| 4 | Biashara Loan | 1,531 | 1,222,518,376 |
| 5 | Nyumba Loan | 12,219 | 28,477,702,801 |
| 6 | Special Loan | 3,957 | 4,326,120,785 |
| 7 | Asset Financing Loan | 30,392 | 142,040,552,219 |
| 8 | Reinstated Loan | 295 | 604,693,640 |
| SUB-TOTAL | 54,263 | 181,849,600,441 | |
| Less Provision for loan loss | 642,833,211 | ||
| TOTAL | 54,263 | 181,206,767,230 |