Sacco eyes Kshs. 50 billion asset growth in 2021

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By Malachi Motano

The Kenya National Police Deposit Taking (DT) Sacco is projecting a 28 per cent growth in clients and assets in the current financial year.

According to the Sacco Chairman David Mategwa, the Sacco plans to expand its asset base to Kshs. 50 Billion after he announced an impressive Sh39 Billion for last year from Sh34.8Billion a year earlier – a 12 per cent growth, underpinned by online growth and steady customers’ deposits which jumped to Sh32.6Billion compared to Sh29.1Billion in 2019.

“This year already looks promising owing to the fact that the economy has opened, with more businesses now in operations. We are equally hopeful with the vaccine now with us, which I have taken myself, the growth will surpass last year’s,” said Mategwa.

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