iMPACT NEWS

  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, 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 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 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 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...

 It was jubilation, song and dance during the much awaited official opening of the Qwetu Sacco Plaza at the Voi CBD . Businesses almost came to a standstill as excited residents lined the streets to witness the colourful procession weaving its way from the magnificent building towards the Moi Stadium. The Voi AIC church brass band belted out heartrending melodies as they led the march , to the excitement of all those who had attended the colorful event. The Taita-Taveta County government choir was also at hand to play their part with well orchestrated music while the Mwazindika drummers made the climax of the entertainment at Moi stadium where the invited leaders joined in to dance and partake of the enchanting dances. The chief guest during the event Hon Simon Chelugui, the Cabinet secretary for MSME Development said he had visited different sections of the building and was satisfied that it had met all the key requirements of a banking facility. “I have been conducted through ...