By Our Reporter.
Capital Sacco has announced record business results for 2016, in which the company saw impressive year-over-year revenue growth while signing a record number of new members.
Capital Sacco Marketing Manager, Mr. Kenneth Gitonga said the business brushed off a tough business environment to post impressive results.
He said the Sacco’s growth was driven by interest income buoyed by growth in loans and advances.
Going forward, Gitonga revealed that the sacco plans a robust marketing campaign to grow both the number of members and deposits.
“The Sacco is committed to transform livelihoods and enterprises by providing innovative products in the most efficient and effective way”, said Gitonga.
He added that Capital Sacco has helped members to mobilize savings and borrow in turn for investments in enterprises and personal development, thus empowering their social economic status.
Since inception, Capital has grown by leaps and bounds. Currently it offers agency banking services and has leverage on technology by adopting advanced software.
Speaking to Sacco Review in his office recently, the marketing manager said the sacco had interlinked its branches such that clients can transact from any branch.
Headquartered in Meru town, the Sacco has fifteen branches. Msacco and Capital Sacco ATM are technological avenues attracting many customers.
The Sacco participated in the Meru National Show. This year, it emerged the best in Microfinance, the best Sacco stand and the second best financial institution in Meru County.