Joy for Qwetu members as Sacco declares Sh12m dividends
Joy for Qwetu members as Sacco declares Sh12m dividends Qwetu members will be smiling all the way to the bank after the Sacco declared dividends of more than Sh12m. This represents 13 per cent, with the board of directors at the same time proposing an interest of 9.8 per cent on members long term deposits. Addressing delegates during this year’s Annual Delegates Meeting at Vacani hotel in the outskirts of Voi township, Sacco chairman Mr Alfred Mlolwa said the Sacco had presented the 2023 budget estimates at this time of the year unlike in the past when the same was done in October. “The money saved on this activity will be used to empower delegates and board of directors in marketing the Sacco to its members”said Mlolwa. The chief guest during the event was Mr Daniel Marube, the CEO Coop Alliance of Kenya. The Sacco chairman pointed out that despite the harsh economic conditions occasioned by the COVID-19 pandemic, the Sacco had continued to record a steady growth , with membersh...