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Kenya: Chai Sacco has recorded a 29 per cent growth to reach Sh1.98 billion for the year ended December 31, 2014, up from Sh1.53 billion recorded in the previous year.
The Sacco’s profit rose to Sh36.4 million, compared to Sh29 million in the previous period. Revenue increased by 23.4 per cent, propelled by growth in loans that went up 28 per cent to reach Sh1.7 billion, due to improved service delivery, growth of share capital and increase its membership.
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