Imarika Sacco has set its strategic focus on innovative and creative initiatives that aim to improve member service in 2024. The Sacco intends to introduce enhanced mobile banking solutions, establish a dedicated members’ portal, set up Sacco agencies, and implement a loyalty program.
Eligible members will enjoy a higher advance ceiling of up to Ksh 150,000 from the current Ksh 100,000 to facilitate greater access to funds for personal and business development.
The Sacco projects an 18% increase in the balance sheet, reaching over Ksh 15 billion by the end of 2024. It also expects consolidated returns to members to grow by 12.65%, with deposits and loans forecasted to increase by 14% and 13%, respectively.
Imarika Sacco also aims to use innovative products and services as catalysts for growth, ultimately improving the financial well-being of its members.