Biashara Sacco’s loan book has continued to register outstanding growth owing to affordable loan products, fast and efficient processing of loans.
In the Financial Year 2021, the Sacco posted a 27.2% increase in loan portfolio disbursed to members from Ksh 1.57 billion in 2020 to Ksh 2.004 billion. At the same time, the loan disbursement jumped by 20% to reach Ksh2.038 billion in 2021, up from Ksh 1.69 billion in 2020. This helped push the Sacco surplus up by 26.6% to Ksh174.7 million.
The Sacco customer base has steadily increased to over 165,000 members, while the number of accounts stood at over 210,260 by the close of the financial year under review.
Its Sacco Agency has also recorded tremendous growth, with over 194 agents in operation. In addition, the Sacco has expanded its reach countrywide by opening new satellite branches in Kitengela and Runyenjes towns.
Members received attractive dividends at a rate of 18% and interest on deposits at 13%.
