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Celebration galore as Solution Sacco bag two awards during Ushirika Day

Just a day after celebrating its 30th anniversary Solution Sacco has scooped two top awards during the Ushirika Day Celebrations in Meru County.

The gigantic Sacco was named as position one for the Lowest Portfolio at Risk(PAR) category during the celebrations that were held at Kaaga Primary School and graced by Meru Governor.

Solution Sacco also scooped the second position for emerging as one of the best Saccos in recording the highest deposit on non-withdrawable deposits.

The 30 years-old Sacco was formed after a decision to split from Mwalimu Sacco in 1993.

Solution Sacco is famous for its tailor-made banking products that suit members’ needs lifting the lives of its over 30, 000 members drawn from various sectors.

The fast-growing Sacco has also positioned itself as a leading financial institution in the country and beyond by offering competitive member-focused savings and credit products and services.

The Sacco prides itself on an asset base of over Sh8.3 billion as of 30th December 2022, Solution Sacco also boasts for its loan book that has hit Sh7 Billion with efforts underway to grow this to Sh10 Billion by the end of 2023.

Over the years, Solution Sacco has declared a dividend payout to members at a rate of up to 18% while member’s interest on deposits and savings earn a 13% interest.

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