Inside Politics

Amica Sacco sets strategy for expansion

Sunday, December 1st, 2019 19:24 |
Amica Chief Executive Officer James Mbui.PHOTO/WANGARI NJUGUNA

By Wangari Njuguna

Amica Sacco is targeting to grow its asset base and deposits to Sh10 billion in the next three years.

According to Chief Executive Officer James Mbui, the Sacco has put in place a strategic plan that will provide the guidelines to achieve this goal.

Speaking during the opening of a refurbished Kandara branch, Mbui said that the Sacco intends to tap the potential in the Small and Medium Enterprises sector.

"The SME is growing and it has a huge potential to spur economic growth and this is where we have set our focus on," he said.

The CEO said they are crafting various products to suit various groups in the sector and we shall also provide technical assistance to help those who want to grow their businesses.

"The two channels have helped cut the cost of operations thus maximizing the profits" he said.

He also revealed plans to introduce Pesa Link cards for their clients which will enable them to withdraw money from ATMs.

Mbui also said they intend to cast their net wider by opening branches in other counties in a bid to get more clients.

"Currently we have 17 branches in Murang'a, Kiambu and Nairobi and we have plans to increase this number," he remarked.

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