Universal Traders Sacco cuts external debt, unveils Sh 50 million women's fund

Universal Traders Sacco Chief Executive Officer, Dominic Mutunga with the organization's chairman, Julius Mwengei during the Special Delegates Meeting.[Erastus Mulwa, Standard]

Universal Traders Sacco has announced a major reduction in its external debt as part of efforts to strengthen its financial position and support members in the lower Eastern region.

During the SACCO’s 7th Special Delegates Meeting in Machakos, Chairperson Julius Mwengei announced that the institution had reduced its loan balance with Co-operative Bank from Sh164 million in August 2024 to Sh3 million, with full repayment expected by the end of October 2025.