Qwetu launches ambitious 2022 budget as Sacco income projected to more than Sh 410m
Qwetu sacco has unveiled an ambitious budget for 2022 with projected growth of Sh 410m. This represents a projected growth of 14.6 per cent as total assets reach Sh3.2m. Unveiling the budget estimates at Vacani hotel at the outskirts of Voi town during the Special Delegates Meeting, the Sacco CEO Mr Charles Kaba said despite the economic downturn occasioned by the Covid-19 pandemic, the sacco was still resilient and would continue serving its members to their satisfaction. “The growth in income we are projecting for the year 2022 is adequate proof that Qwetu is the sacco of choice on a sound financial footing” said Mr Kaba. The CEO pointed out that among the key highlights of the 2022 budget would be deposits of over sh 1.2 billion, with interest on deposits of sh 125m(10 per cent), as well as Sh 111m total interest from short term loans. This is an increase from Sh100m the year 2021. Other highlights include Sh 275 m being total interest from long term loans up from Sh 242m in the yea...