Page 46 - SACCO STAR ISSUE 43
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SACCO INDUSTRY WATCH
The SASRA regulated Society recorded The institution advanced to roll
retained surplus for the year 2017 out M-KITE Loan, a one month
amounting to Ksh 7.45 million against repayable product accessed
Ksh 6.91 million a similar period in through the phone, AKIBA Savings
2016 denoting financial stability. account with an opening and
operating balance of Ksh 5,000
Also, the year saw the society increase with an interest of 3% p.a.
its minimum monthly deposits from
Ksh 1000 to Ksh 1,500 and foresees “The society prides in introduction
raising the amount to Ksh 2,000. of Vanguard, modern software for
efficiency by securing member’s
“The demand for the SACCO loans is resources, boost service delivery
increasing and so is member’s ability. and improve communication to
We appeal to members to raise the members,” said Onyona.
minimum deposit contribution to Ksh
2,000 to facilitate faster and efficient The institution finalized on a send-
services,” said Allan Kawa, the Chief
Executive Officer. off cover to members and their
Kawa said that Pesa Pepe, the mobile families that awaits member’s
banking platform introduced for
accessibility of funds and services approval for implementation.
by members has improved service
delivery and consequently boosted Plans are on course to rebrand the
customer service.
over 40 year’s institution, after
members approved to open the
common bond to include non- Allan Kawa, KITE SACCO Chief Executive Officer
speaking during the AGM
teacher members.
A display of some of the trophies won for different categories
KITE SACCO Members follow proceedings of the 2018 AGM
44| SACCO Star Magazine
