Interest income contributed 83 percent of the total income after robust loan recovery efforts put in place last year began bearing fruit. The member deposits grew by 7 percent to 7.5 Billion in 2018 compared to 7 Billion in 2017 while total expenditure grew by 14 percent to Sh1.5 billion in 2018 compared to 2017 when it was Sh1.3 billion. Total assets of Unaitas grew by 8 percent to Sh12.8 billion in 2018 compared to Sh11.8 billion in 2017. Going forward Unaitas said that it will rely on strategic alliances and technology to grow their deposits, loan book, and recovery efforts. “The performance targets are aligned in the spirit of enhancing a performance management culture,” said Kabugu.

Source: Standard Digital March 29, 2019 11:48 UTC