Sucoma Sacco Limited has recorded a K468.7 million surplus for the year 2025, up from K13.2 million in 2024, representing a 3,450 percent increase.
Speaking during the cooperative’s 31st Annual General Meeting held at Nchalo in Chikwawa, board chairperson Grace Potani said the institution also registered growth across key performance indicators.
She said total loans increased from K2.7 billion to K3.3 billion, membership rose from 9,239 to 9,807, while total assets grew from K3.5 billion to K4.6 billion.
Potani attributed the improved performance to the introduction of the Dyeratu and Phoso products, which she said have helped enhance members’ livelihoods and improve food security.
“These initiatives, coupled with strengthened credit management and good corporate governance, helped grow our total assets to K4.6 billion and significantly improve liquidity to 20 percent from two percent in 2024,” she said.
