Unaitas records Sh426 million in 2018 over an increase in loan book

Left is Unaitas Chairman Joseph Kabugu and Unaitas CEO Martin Muhoho during the UNAITAS AGM

Unaitas Sacco has reported 26 percent jump in profitability to 426 million from 338 million for the financial period ended December 2018, buoyed by an increase in loans advanced, prudent non- performing loan recovery efforts and a reduction in overall costs due to digitisation and automation of services.

Total income grew to Sh1.8 billion representing a 14 percent growth from the previous year when it stood at Sh1.62 billion. Interest income contributed 83 percent of the total income after robust loan recovery efforts put in place last year began bearing fruit.