LOANS IN REPAYMENT ARREARS

Dear Member, RE: LOANS IN REPAYMENT ARREARS Further to our various circulars and pursuant to regulatory and financial reporting requirements, all members in repayment arrears are expected to regularize their loans accounts. We are required to make provisions for such loans in the financial statements, which reduces the dividends payable to all members of the Sacco. We wish to advise as follows: 1.