iMPACT NEWS

  Qwetu Sacco gets SASRA approval as its total assets rise to over Sh2 billion  The Sacco Society Regulatory Authority(Sasra) has given the fast growing Qwetu Sacco in Taita-Taveta County  and clean bill of health as its asset base reached more than Sh 2.2 billion. The Sasra Sacco Supervisory Annual Report for 2019 which was released in August this year indicates that Qwetu Sacco total deposits stood at Sh 1.49 billion while gross loans stood at Sh 1.75 billion. The report also shows Qwetu Sacco total income was sh400m. Sasra has over the years continued to place emphasis on the capital adequacy, asset quality, earnings and liquidity(CAEL)rating to monitor and report on the stability, soundness,safety and general performance of deposit-taking saccos on a day to day basis which is in line with its risk based (RBS) model. The three key capital adequacy requirements were fully complied with, with the aggregate core capital growing from Sh 74.36m in 2018 to Sh 79.20m in 2019 ...

 Qwetu assets hit Sh2.72 billion  as sacco opens Taveta branch office  It was pomp and colour as Qwetu Sacco officially opened its Taveta branch office. The event which was presided over by governor Granton Samboja marks another step forward for the leading sacco in Taita-Taveta County which now boasts a membership of more than 40,000. Governor Samboja who was accompanied by three CECs, Vumi Ringo(trade and cooperatives),Gasper Kabaka(roads and infrastructure) and Laban Mwashighadi(youth and sports) hailed the sacco for being at the forefront in supporting small and micro- enterprise ventures in the county. “My government fully supports Qwetu Sacco because it has demonstrated beyond doubt that it’s the sacco of choice for Taita-Taveta people” said Samboja,  adding that county staff, both permanent and casual, were accessing their salaries and other payments through the sacco at a tune of Sh30m monthly. He said he had personally invested more than Sh20m through the sa...