New stride for Qwetu sacco as they launch millionaire's club
New stride for Qwetu Sacco as it starts millionaire’s club Qwetu Sacco has launched a millionaire’s club in line with this year’s theme of driving towards growing the Sacco’s deposit base. Addressing members during this year’s zonal education meeting held at ACK St James hall in Mwatate town, Qwetu CEO Mr Charles Kaba said the move was aimed at recognising the Sacco members who had made strides in growing their deposits to reach the millionaire status. “The Sacco values all its members who are the backbone of the society and a time has come when special consideration should be given to those who have saved enough deposits to a tune of a million and over” said the CEO. For one to qualify to join the millionaire club one should be a registered member with fully paid up minimum share capital and without any loan arrears or default. One should also have maintained a minimum Bosa savings balance of KSh 1 million and above for either long term deposits or Spif shares or m...