The Sacco is leveraging on technology to offer quality services to members
By Staff Reporter
Mentor has scaled up the ladder of financially stable Deposit-Taking Saccos in the country.
Sacco Societies Regulatory Authority (Sasra) has rated the Sacco among the fastest-growing after it registered 16.32 per cent growth in total deposits hitting Sh5.97 billion in the financial year 2019 up from Sh5.14 billion in 2018. Only 20 DT-Saccos have managed to rise their members’ saving above Sh5 billion.
Mentor, a large-tier Sacco, is ranked 18th wealthiest DT-Sacco after growing its asset base by 10.89 per cent to reach Sh 7.94 billion last year from Sh7.16 billion in 2018. This is according to new data contained in the Sacco Supervision Annual Report released recently.
Sasra noted that the Sacco had increased its loan book to Sh6.24 billion, which contributed much to its total income of Sh0.98 billion last year.
Its financial performance was impressive across all parameters used by the regulator to measure stability of DT-Saccos.
The modern Financial Institution offers top range Financial Solutions. It was established in 1977. The evolution of financial market has seen Mentor Sacco grow to an all-inclusive financial institution and rebrand to Mentor Sacco Society Limited in an effort to serve as a home to all.
The Sacco guiding principle is to establish dignity to members by ensuring value to services and products we offer is enshrined in our corporate culture of innovativeness, flexibility and affordability.
For close to four decades, Mentor Sacco has positioned itself as a customer centric and market led financial and allied services institution. It has put a lot of emphasis in establishing specific member’s needs which in turn guide its search for solutions.
In line with its mission, it believes in members’ achievement of financial independence and prosperity. It is in the same spirit that we have continued developing products and services that address our members’ dynamic needs.
At Mentor, Customer delight is our ultimate goal. Members are encouraged to feel free and share with complements, complaints and any other feedback every time they visit branches.
During this time the country economy is struggling due to adverse effects of Covid-19, the Sacco is assisting members to expand their sources of income by starting up income generating projects rather than relying on their salaries only.
The Sacco has a wide range of products that can benefit members in their various investments and appealed to members to patronize different services offered at the institution.
The Sacco has also enhanced use of new technology serve members better during and post-covid time especially mobile banking.
