By Azael Masese.
Kisumu Teachers Sacco (Kite) has embarked on an ambitious growth strategy that seeks to drive its membership upwards and enhance return on their savings.
In its five year strategic plan, 2017-2021, the society targets to increase its membership from the current 6,000 to 20,000 and deposits from about Sh650 million to about Sh850million.
Chief Executive Officer (CEO) Allan Kawa said mobilizing funds would enable them deliver timely services, including loan disbursements.
“Our main objective is to ensure a stable and sustainable growth for the society in terms of mobilizing services and offering timely and affordable credit to our members,” he added.
He said the society opened a common bond in 2014 and had since seen a steady increase in membership, mainly emanating from the hospitality industry, security firms and Non-Governmental Organizations (NGOs).