Universal Traders Sacco launches new Check Off Loans product


By Makoma Musyoka

Universal Traders Sacco has introduced a Check Off Loans product to better service delivery and attracts more members.
The product enables salaried members to access loans through pay slips.
Check Off loans are available to employees whose employers have signed an agreement with a lending institution.
Sacco Board of Directors Chairman Simeon Kitheka said in future the society will introduce innovative products and services in order to broaden its revenue base and also improve service delivery to its membership.
“Currently our saccos have been granted the Teachers Service Commission and Public Service Commission check off codes where the former code is active, while the latter code activation is in progress,” he said.
He added that the board conducted member education days in all branches between November 2016 and January 2017 and this has instilled confidence among members and increased uptake of their products and services as well.
The actual capital share is now Sh61miliion, which is a good achievement.

Leave a Reply

Your email address will not be published. Required fields are marked *