By Tim Okundi
With a vision to be a competitive and reliable provider of market-driven, innovative Financial Solutions to Members and Customers, Qwetu Sacco sets an indelible mark in the co-operative sector.
The Sacco has maintained strong growth year in year out, climbing up the ladder of the best-managed co-operatives in the country.
By offering services and products that are carefully designed to meet members needs the Sacco has made a positive impact on the lives of members and customers through Building a Dynamic Financial Institution that provides inclusive market-driven financial solutions as its mission states.
Its success story started in 1968 when about 200 visionary teachers pooled resources together to establish the institution. In 1976, the Sacco Societies Regulatory Authority (SASRA) licensed Deposit Taking Sacco was registered. It has moved from strength to strength and is among the best performing Saccos in the country.
The Sacco has empowered members by offering them timely and quality products and services, ensuring that they achieve their goals in life. Its contribution in changing household livelihoods is exemplary that others come to benchmark at Qwetu Sacco.
Its resilience and indefatigable spirit of the institution’s leadership and management ensured that the elite co-operative society shrugged off the adverse effects of the Covid-19 pandemic to post excellent growth in major financial areas.Â
Qwetu Sacco defied the challenges brought about by the Covid 19 pandemic to grow its assets base from Sh2.1 billion in 2019 to over Sh2.3 billion in the year 2020.
The growth placed the Sacco among the best performing financial institutions in the Coast region. The leadership pledged to ensure that its stability will be maintained through innovation and quality products.
 “We are on the right track as far as our major business of offering savings and credit facilities are concerned. We must all join hands in making our Sacco the best,” said the Sacco chairman Mr Alfred Mlolwa.
The Sacco has invested heavily in ICT, and members can access their account and manage their services via mobile phones. Through PESAPEPE mobile banking system, Qwetu Sacco members can access their money 24/7, anywhere.
Its membership of over 43,000 indicates that the Sacco fulfils its promises to members and has successfully changed livelihoods. The Sacco liquidity remained stable despite a turmoil business environment, with members deposits growing from Ksh1.4 billion in 2019 to Ksh1.6 billion in 2020, a growth rate of 13 per cent.
The Sacco CEO, Mr Charles Kaba, said the construction of a Ksh120 million plaza in Voi town, Taita Taveta County, will greatly boost the image of Qwetu Sacco. He said the storey building with also be used to support the education sector in Taita Taveta county.
