DT SACCO Feature
Building A Thriving and Sustainable Future
With unprecedented growth in assets, deposits, and revenues, the Kenya National Police DT SACCO (KNPDTS) is setting new benchmarks for financial success. At its 2025 Annual Delegates’ Meeting on February 21, 2025, the SACCO reaffirmed its commitment to empowering members and unveiled a visionary strategic plan that shapes the next five years.
In his message, Cabinet Secretary for Cooperatives and MSMEs, FCPA Wycliffe Oparanya, stressed the importance of SACCOs in driving economic empowerment and lauded the Kenya National Police DT SACCO for its commitment to sustainability and community development. He observed that Cooperatives have become an ideal vehicle for promoting financial inclusion and deepening access to segments of society that would otherwise not have been able to obtain financial services.
Chairperson David Mategwa praised the SACCO’s financial progress and its impact on members and communities. He said their members are at the heart of everything they do, and these values will help them foster a culture that supports their financial growth, well-being, and community development.
Meanwhile, CEO Solomon Atsiaya outlined the vision for sustainable growth, driven by innovation and the new strategic plan, while Dr. Michael Wanderi, Director of Human Capital Development at the National Police Service, commended the SACCO’s governance and resilience. Principal Secretary Patrick Kilemi stated the government’s ongoing support for cooperatives as drivers of economic empowerment.
As Kenya’s third-largest SACCO, The Kenya National Police DT SACCO (KNPDTS) continues to empower its members and communities by nurturing economic growth and sustainability in line with Kenya’s Vision 2030 and the United Nations Sustainable Development Goals. Through tailored financial solutions and a focus on environmental responsibility, social progress, and technological innovation, KNPDTS ensures efficient service delivery and stable growth.
During KNPDTS Annual General Meeting (AGM) significant financial achievements and growth in their asset base were discussed;
- Over the past five years, the KNPDTS has demonstrated remarkable resilience, with total assets rising from under Ksh 40 billion in 2020 to approximately Ksh 60 billion in 2024. Each year has marked a significant milestone, from surpassing Ksh 40 billion in 2021 to exceeding Ksh 50 billion in 2023 and reaching Ksh 60 billion in 2024.
- In 2024, the SACCO maintained core capital at 33% of total assets—well above the 10% regulatory requirement—and a liquidity ratio of 30%, doubling the mandatory minimum of 15%. While continuing to deliver a consistent dividend rate of 17%, it also upheld a low delinquency rate of 2.54%.
- By controlling expenses and expanding income streams, the SACCO has solidified its position as a financially sound institution.
- Its continued focus on innovation, efficient operations, and member satisfaction ensures it remains a foundation of economic empowerment in Kenya.
KNPDTS performance in the year 2024
During this period the society’s assets grew to Ksh 59.8 billion up from 54.2 billion in 2023, recording an increase of 10.3. percent Non-withdrawable Deposits grew by 9 percent from Ksh 28.5 billion in 2023 to stand at Ksh 31.1 billion at the end of the year 2024. Loans and advances grew by 10 percent to Ksh 50.3 billion up from ksh 45.6 billion in 2023. Revenues grew by 12.9 percent to Ksh 9.9, up from 8.8 billion in 2023. Core Capital increased by 10.4 percent to ksh 19.8 billion from ksh 17,9billion in the year 2023.
LAUNCH OF THE STRATEGIC PLAN 2025–2029
On February 21, 2025, KNPDTS launched a five-year strategic plan. This roadmap will steer its operations and drive impactful change.
At the launch, CEO Mr. Solomon Atsiaya reiterated the SACCO’s commitment to transforming lives through sustainable and innovative solutions. With assets valued at Ksh 59.8 billion and a loan portfolio of Ksh 50.3 billion, KNPDTS is strategically positioned to navigate an evolving financial landscape.
Mr. Atsiaya highlighted the SACCO’s strong performance in 2024, with net profit rising to Ksh 2.51 billion from Ksh 2.47 billion in 2023. Interest revenue also increased significantly, reaching Ksh 8.66 billion from Ksh 8.09 billion the previous year.
National Chairman Mr. David Mategwa highlighted the SACCO’s growth and outlined its three thematic areas: focusing on members, ensuring sustainability, and building a brighter future.
These pillars aim to enhance member experiences, secure long-term financial stability, and contribute positively to society and the environment. Flagship initiatives, such as the member experience center and technology upgrades, reflect the SACCO’s commitment to innovation, efficiency, and anticipating future needs, ensuring a transformative journey for members and the broader community.
The chairman outlined KNPDTS’s Strategic Plan as follows:
This plan, designed to reshape the SACCO and create a lasting positive impact on members and society, embarks on a meaningful journey guided by three thematic pillars;
- Member Centricity
- Institutional Sustainability
- A Better World to Live In
Member-Centricity – This initiative prioritizes enhancing the member experience through technology and innovation. By improving service delivery, they aim to grow and retain their membership while mitigating concentration risks. A dedicated Member Experience Centre will be a hub for engagement and seamless service access, encouraging loyalty and trust.
Institutional Sustainability—The goal is to ensure the SACCO’s long-term financial health and stability. Diversifying the membership base and enhancing financial and operational efficiency will build resilience, enabling the organization to meet evolving member needs. An engaged and mission-driven team remains central to this vision.
A Better World to Live In—Committed to positive change, the SACCO integrates environmental sustainability, social investment, and strong governance into its mission. Social programs support communities, while environmental initiatives aim to preserve the planet. Enhanced governance fosters trust and strengthens stakeholder relationships.
Flagship Projects will drive innovation, streamline operations, and anticipate future member needs, delivering personalized and efficient services.
Future Vision and Commitments
With its revised vision, “A Thriving and Sustainable Future,” and mission, “To impact the lives of our members and communities through sustainable and innovative solutions,” and its motto- United for Prosperity, the SACCO is dedicated to improving services, empowering stakeholders, and creating opportunities for success.
Guided by core values of Member Centricity, Integrity, Teamwork, and Innovation, KNPDTS is building a legacy of trust and confidence for future generations. By addressing current needs while anticipating future demands, it continues to redefine financial excellence and community impact.
This Sacco’s growth has been commendable:
In a nutshell:
- Total Assets: Grew by 10.3% to Ksh 59.8 billion, up from Ksh 54.2 billion in 2023.
- Non-Withdrawable Deposits: Increased by 9% to Ksh 31.1 billion from Ksh 28.5 billion in 2023.
- Loans and Advances: Rose by 10% to Ksh 50.3 billion, up from Ksh 45.6 billion in 2023.
- Revenue: Expanded by 12.9%, reaching Ksh 9.9 billion from Ksh 8.8 billion in 2023.
- Profitability: Net profit grew to Ksh 2.51 billion, up from Ksh 2.47 billion in 2023.
- Interest Revenue: Increased to Ksh 8.66 billion from Ksh 8.09 billion in 2023.
- Core Capital: Improved by 10.4%, rising to Ksh 19.8 billion from Ksh 17.9 billion in 2023.
- Capital Adequacy: Maintained a core capital-to-assets ratio of 33%, well above the regulatory minimum of 10%.
- Liquidity Ratio: Recorded at 30%, double the regulatory requirement of 15%.
- Dividend Rate: Sustained at 17%, reflecting consistent value delivery to members.
- Delinquency Loans: Remained low at 2.54%, demonstrating strong credit management.
Conclusion
The Kenya National Police DT SACCO’s Annual Delegates’ Meeting held at the Serena Hotel in Nairobi brought together over 74,000 members, accommodating both physical and virtual participation. Principal Secretary Patrick Kilemiconcluded the session by reaffirming the government’s strong support for cooperatives as critical drivers of economic growth. This meeting, underlined the SACCO’s achievements and set an ambitious tone for the years ahead.
KNPDTS continues to redefine financial empowerment by delivering innovative solutions and fostering sustainability. With a steadfast commitment to its members and communities, the SACCO is charting a bold path forward, addressing today’s needs as it ready’s itself for tomorrow’s challenges.
Guided by its core values and a clear strategic vision, KNPDTS remains a leader in financial excellence, driving meaningful progress and creating lasting value for future generations.
