Qwetu Sacco has defied the challenges brought about by the Covid 19 pandemic to grow its assets base from Sh2.1 billion in 2019 to over Sh2.3 billion in the year 2020.

This represents an increase of more than Sh222m, a growth rate of 10 per cent.

According to the Sacco chairman Mr Alfred Mlolwa, all the growth areas have shown a good and satisfactory trend which if well maintained, will assure stability of the Sacco which has been rated among the best performers in Coast region and the whole country at large.

Mr Mlolwa made the announcements while addressing delegates and other invited guests during the Annual Delegates Meeting held at Vacani hotel in Voi whose key agenda was receiving the audited accounts for the 2020 financial year.

“In the last financial year, the board of directors and management had to come up with short term measures to address the volatile economic and social challenges brought about by the Covid 19 and I can assure our members that we are in the right track as far as our major business of offering savings and credit facilities is concerned” said Mlolwa.