Kenya Teachers Sacco Association (KETSA) has registered significant growth in its programmes for the last one year.
Association Chairman Robert Kithanju revealed that the programmes undertaken by KETSA have led to a growth in asset base from Ksh260 million in May 2022 to Ksh349 million currently, translating to a growth of 34 per cent.
During the same period under review, revenue grew from Ksh44 million to hit Ksh47 million, a growth of 10 per cent.
The Central Fund recorded a growth of 37 percent from Ksh230 Million in May 2022 to the current Ksh315 million.
Speaking during the association’s Annual Delegates Meeting (ADM) hosted by Boresha DT Sacco at Rift Hills Resort, Baringo, Kithanju lauded international exposure trips for being a catalyst for personal growth, business exposure and acquisition of valuable business insights for Sacco leaders.
He added that the association is exploring avenues towards embracing global connections that can help members acquire adequate knowledge geared towards building their Saccos and the association at large.
“The association has addressed challenges and advocated for the interests of its member Saccos,” he proudly stated, further explaining that KETSA is strategically positioned to take advantage of the Cooperative Bill once it is amended into law by the national assembly.
Boresha Sacco CEO Jacob Mengich lauded KETSA for its unparalleled efforts in enhancing advocacy training.
He lauded the tremendous strides the association has made, noting that mutual relationships by member delegates have strengthened Saccos through information sharing.
By Alfred Kimosop
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