Mentor Sacco total assets grew to reach Ksh 8.91 billion in 2020 from Ksh 7.94 billion in 2019
Speaking during the Sacco’s 44th Annual General Meeting, the Sacco Board of Directors Chairman Antony Kamau said the management was quick to employ better strategic measures to ensure the Sacco business was safequarded.
He noted that the Sacco’s annual income improved considerably to reach Ksh 1.184 billion in 2020 from Ksh 1.149 billion recorded in the previous year. The income was largely contributed by interest on loans disbursed to members, although interest on loans had a slight decline.
Mentor Chief Executive Officer Joyce Waceke Ndegwa told members that the processing of development loans has been reduced to 48 hours upon the qualification of the applicant.
She expounded the Sacco is re-engineering itself by developing new products and partnerships in readiness to achieve greater heights of quality service delivery to grow clientele.
Mentor has embraced ICT technology and placed its products in the digital platforms for easy access by the customers anytime and anywhere.
