Safaricom Sacco Ltd has launched a mortgage product that allows members to join via a USSD code, Sacco App and iConnect module. Dubbed Faraji Home , the mortgage product has already attracted huge subscription and aims at supporting the government's plan to facilitate affordable housing under President Uhuru Kenyatta Big 4 agenda. Speaking during the Sacco's 20th anniversary on Friday, ICT Principal Secretary Jerome Ocheng who represented CS Joe Mucheru applauded the steps taken by Safaricom Sacco Ltd over the years to digitize its operations. Safaricom SACCO Society made a profit after tax of Sh237.5 million on December 31, 2020. Loans and advances to members increased from Sh5.3 billion to Sh5.6 billion during the period under review.

Source: The Star July 31, 2021 09:21 UTC