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Unaitas loans over Sh2bn to transform chamas

Unaitas Sacco disbursed over Sh2 billion in loans to chamas last year as it sought to transform the selfhelp groups into investment vehicles.
This comes against the backdrop of cautious approach to lending and enhanced provisioning for loan loss by the sacco’s management in light of tough lending environment.
According to the management, the
chamas have defaulted only 3.4 per cent of
the amount compared to 10.6 per cent for
the lending industry as at end of October.
Chief executive Tony Mwangi, speaking on
the sidelines of its second national Unaitas
chamas conference held in Nairobi over the
weekend, said the sacco would organise
regular training to aid the transformation of
chamas into investments groups.
“Most chamas have been investing in land
buying. That could be a good or bad decision
because when you buy land and don’t add
value to it the benefits are much depressed.
We have now started advising our members
to think of other areas like agro-business, energy, mining and manufacturing sectors for
possible investment opportunities,” he said.
There are over 300,000 chamas in the
country out of which 5,000 are members of
Unaitas Sacco.
In 2016, the sacco members’ deposit rose
by 20 per cent to Sh6.46 billion from Sh5.38
Unaitas loans over Sh2bn
to transform chamas
billion recorded in 2015.
Last year, Unaitas invested in an ICT infrastructure and this year it has expanded its
branch network to Embu, Meru and Kisii.
In 2018, the sacco plans to open branches
in Kisumu, Mombasa and Eldoret, and roll
out agency banking to increase services and
convenience to members.
About Unaitas
Unaitas is You and Me. It’s where we
started, and a relationship we forever want to
grow.Unaitas is a deposit taking Savings and
Credit Cooperative (SACCO) organization, licensed under the SACCO Societies Act, 2012.
The SACCO was initially registered on 14 May
1993 as a cooperative society.
Unaitas is a deposit taking Savings and
Credit Cooperative (SACCO) organization, licensed under the SACCO Societies Act, 2012.
The SACCO was initially registered on 14 May
1993 as a cooperative society.
Through visionary leadership, committed members and staff as well as economic
dynamics over the course of its rich history,
Unaitas has prospered in leaps and bounds.
Unaitas has adopted a strong, bold and
pioneering brand. Though a new identity,
Unitas’ founder’s spirit remains; coming
together under the slogan of “You and Me”
to weave a bigger dream for the whole world
with Africa as its footrest.
In our endeavor to position ourselves
as a leading financial institution, we are
proud winners of the Financial Reporting
(FiRe) Company of the Year Award – SACCO
Category severally. Other awards include;
the Marketing Society of Kenya (MSK) Award,
Information and Communication Technology
(ICT) Company of the year, Champions of
Governance (CoG) among many others.
From our humble beginnings in 1993, Unaitas was registered as a Savings and Credit
co-operative Society known as Murang’a Tea
Growers. A pioneering group of farmers had
come together, pooling their resources to
create a financial basket, where they could
save and advance loans at affordable rates.
The Sacco later adopted the name Muramati Sacco in 2007 when administrative areas
of operation expanded beyond Murang’a,
and it opened its common bond to not only
serve tea growers, but also medium size
entrepreneurs and salaried employees. In
line with its growth and expansion strategy,
Muramati rebranded to Unaitas in 2012-
adopting a strong, bold brand that is inclusive of members from all walks of life, doing
things that are not ordinary in ways that are

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