Positive forecast for Qwetu as Sacco membership reaches 56,000
Qwetu Sacco membership has grown to 56,000, an impressive increase from 52,000 in 2021. This is a clear indication of the popularity the Sacco has continued to enjoy over the years since it opened its doors to non-teaching members. Addressing delegates during this year’s Annual Delegates Meeting (ADM) at Vacani hotel at the outskirts of Voi town,sacco chairman Alfred Mlolwa,who presented the annual report and financial statements for the year ending December 31 2022, said Qwetu assets now stood at over KSh3.2 billion, up from KSh2.8 billion in 2021. “This remarkable growth must be applauded given the difficult environment financial institutions have been operating under since the outbreak of the Covid-19 pandemic about four years ago”said Mlolwa. He reiterated the fact that the core business of the sacco is savings and credit for the mutual benefit of members. “It’s from these savings that we build enough working capital to fund the sacco activities like advancing credit to members whi...