KAPCHORWA, January 30, 2026 — Wagagai Coffee Farmers’ SACCO on Thursday held its fourth Annual General Meeting [AGM] at Kaserem Primary School, bringing together members, management and district officials to review the SACCO’s performance and elect new board leaders. The meeting was conducted peacefully, with active participation from members.
The AGM was presided over by the District Commercial Officer, Justine Jimsn Yeko, who represented the district leadership and the department responsible for trade and cooperative development. She officially opened the meeting and guided members through the agenda, emphasising transparency, accountability and compliance with cooperative laws.
In her opening remarks, Yeko commended Wagagai Coffee Farmers SACCO for consistently holding its AGMs, describing the fourth edition as a sign of good governance and the maturity of the cooperative.
“The fact that this SACCO has reached its fourth AGM shows commitment to accountability. Members must always be informed about how their resources are managed,” Yeko said.
A key item on the agenda was the election of new board members, which members unanimously agreed to conduct. The elections were supervised by the District Commercial Officer.
During the meeting, SACCO Manager Malewa presented a report outlining the SACCO’s financial performance, achievements and challenges during the reporting period.
Malewa revealed that Wagagai Coffee Farmers SACCO has accumulated a share capital of Shs 115 million, reflecting strong growth and increased confidence among members. According to him, the growth was driven by an improved savings culture, increased membership, agent banking services and mobile money services.
“The Shs 115 million share capital shows that members believe in their SACCO. This growth gives us the capacity to lend more to members and support productive activities, especially through income generated from loan interest,” Malewa told the meeting.
He further announced that the SACCO would pay dividends to its members and shareholders following a positive financial performance. Management explained that this would be done after meeting operational costs and setting aside reserves to ensure sustainability.
The announcement of dividends was warmly received by members, who said it would motivate them to continue saving and investing through the SACCO. Several members noted that dividend payments demonstrate that a well-managed cooperative can deliver real benefits.
Challenges discussed included loan defaulting by some members and multiple borrowing from other financial institutions, which makes timely repayment difficult. Members were encouraged to use SACCO loans strictly for productive purposes.
Yeko urged the newly elected board to uphold integrity and ensure members’ funds are well protected. She also encouraged management to strengthen record-keeping and continue sensitising members on cooperative principles.
Members raised concerns related to loan interest rates and member education, and the new board assured them that these issues would be addressed through proper planning and engagement.
In his closing remarks, SACCO Chairman Shaid Mwanga called for unity and cooperation among members, urging them to save regularly, repay loans on time and actively participate in SACCO activities.
The fourth AGM concluded on an optimistic note, with expectations that Wagagai Coffee Farmers SACCO, under its new leadership, will continue to grow its capital base, increase dividends and improve the livelihoods of farmers in the region.
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