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Qwetu Sacco records improved growth with robust loan recovery and sound financial management

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 Qwetu sacco records improved growth with robust loan recovery and prudent financial management  Qwetu Sacco has continued to maintain a positive growth trajectory that has positioned it as a leading sacco not only in Taita- Taveta county but the whole of Coast region and beyond. Addressing delegates during this year’s Annual Delegates Meeting(ADM)held at the Two Oceans hotel in Voi town, the sacco chairman Mr Simon Mbashu attributed the steady growth to the mutual cooperation between the sacco and its various stakeholders, including professionals, business operators and staff from different institutions. “The progress we are witnessing is not a chance occurrence but something we have achieved through collective effort and sacrifice from stakeholders, including our members who have remained steadfast in supporting the society as it grows from strength to strength”, said the sacco chairman. He pointed out that despite previous challenges the sacco was on a strong foundation , ...

Why engineer Anderson Mtalaki is the best option for Taita-Taveta governor in 2027

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  Why engineer Mtalaki is the man to watch in   the forthcoming governor’s race in Taita - Taveta county   As the general elections draw closer, the gubernatorial seat in Taita-Taveta county has continued to attract    ambitious and promising candidates who might send the current government of Andrew Mwadime packing come August next year. One of them is engineer Anderson Mtalaki who has been working at the Kenya Ports Authority, at some point serving as the container terminal manager. Most see him as a leader with vision, passion and a proven commitment to uplifting communities through a participatory development agenda and people-centred initiatives. Though he has been undertaking his professional work diligently and without engaging in politics, Mtalaki is not new in leadership, having served as a student leader and mobiliser while at the University of Nairobi representing students from the then Taita-Taveta district. In fact his dec...

New stride for Qwetu as new branch opens in Mombasa

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  Positive developments for Qwetu as the sacco opens up a new branch in Mombasa Qwetu Sacco ,the leading savings and credit cooperative society in Taita-Taveta county has spread its wings further by opening a branch in Mombasa to ensure that the Sacco’s ever growing membership obtains the required services at the coastal city. Addressing delegates during this year’s Special Delegates Meeting(SDM) held at the Two Oceans hotel in Voi,the sacco chairman Mr Simon Mbashu said the new offices at Kengeleni Lights in Kongwea were strategically positioned to cater for the growing sacco clientele at the coast. “The project whose budget was approved by the delegates was successfully completed and the regulator(Sasra) certified the branch to proceed with operations. We selected a good team of staff headed by a branch manager to manage the branch “said Mbashu. He urged sacco members in Mombasa to patronise the branch and market it positively by referring potential clients and next of kin who l...

Qwetu Sacco:We are on the right path towards discharging our core mandates

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   Qwetu sacco, the leading savings and credit cooperative society in Taita-Taveta County has reiterated its commitment to discharging its core mandate of providing loans, advances and timely salary payments.  Addressing delegates during this year’s Annual Delegates Meeting at the Two Oceans Hotel in Voi which witnessed the adoption of the audited financial statements for the year 2024, the sacco chairman Mr Simon Mbashu assured the members and delegates that the sacco was firmly on the right footing in discharging its legal mandate. “We are pleased to report that our audited financial statements show positive progress across most of the key areas. We remain guided by a deep commitment to transparency, trust and service to members” said Mbashu, noting that the sacco had recorded a growth in revenue from Ksh 533m to 616m, a positive trajectory he said served as an indication of the sacco’s resilience in challenging economic times. “The major business of the sacco is saving...

Voi children's program blazing the trail in environmental conservation awareness

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  Voi children’s project blazing the trail in environmental awareness As environmental issues such as climate change and global warming continue to pose a threat to many governments all over the world, it’s becoming more and more apparent that communities need to be empowered and sensitized on how to cushion themselves from the emerging challenges. Towards that end, an ambitious children’s environmental program in Voi is slowly changing the way communities undertake environmental conservation initiatives, putting children efforts and innovation at the centre of the picture. The Toto Mazingira project is blazing the trail on environmental issues targeting young people, including creative recycling and tree planting as well as general environmental matters. “At Toto Mazingira, we believe that children are not just leaders of tomorrow, they are the change makers of today” says Rachel Mwakazi Skjaerpe, the founder and coordinator of the program. She says that the children’s program pr...

Qwetu Sacco unveils 2025 budget estimates with ambitious growth forecast

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  Qwetu Sacco has unveiled an ambitious budget for the year 2025 with a major focus on expansion, coming up with new products and raising its share capital base. During the sacco’s Special Delegates Meeting(SDM) held at Vacani Resort in Voi in where the county cooperative commissioner Mr Erastus Gonzi was the chief guest, the sacco board of directors assured the members and delegates present that despite the changing economic landscape and challenges the society was well placed to maintain its growth trajectory in the coming years. Addressing the delegates during the meeting the sacco chairman Mr Simon Mbashu pointed out that Qwetu had launched an ambitious five year strategic plan that would be anchored on growth and development of the institution based on raised membership, share capital and asset base. “Since this programme took off in May this year, we have witnessed a steady growth in the number of members who are buying more shares with the latest report indicating that ther...

Qwetu ambitious strategic plan to raise sacco asset base and share capital by 2028

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  Qwetu in ambitious five year strategic plan to raise sacco asset base and share capital by 2028 Qwetu sacco one of the leading savings and credit cooperative societies in Coast region has embarked on an ambitious five year strategic plan that will dramatically solidify it’s financial base. The 2024-2028 strategic plan which is in line with this year’s education to members theme of “Reengineering the Sacco model for sustainable growth” seeks to raise the Sacco’s share capital from the current Sh167m to Sh1bn by 2028. In the same spirit, the sacco projects to raise its asset base from the current Sh3.6bm to Sh10bn. “The plan is intended to enable Qwetu sacco to take advantage of the opportunities available in the market and attain a total asset base of KSh 10 billion by the year 2028 and to address the challenges that could obstruct our progress towards achievement of our targets”, said the sacco chairman Simon Mbashu. He encouraged members to buy more of the share capital and add...