Kenyan micro-credit firm, Unaitas Sacco Thursday announced plans to open at least five new branches this financial year as part of the financial services firm’s expansion strategy to boost presence at the counties.
The new branches to be opened in Meru, Kisii, Kisumu, Eldoret and Embu and are expected to begin in the coming years and will bring the firm’s network to 25.
Unaitas Chairman Joseph Ngaai said the move has been triggered by the increased demand for financial services in these towns whose economies are growing on the back of increased opportunities from devolution, urbanization and a young and enterprising population.
“We want to expand to these growing urban centers to leverage on the new lending and membership opportunities that are coming through, while tapping into a younger pool of members who are increasingly seeking credit from Saccos over other traditional lenders who in recent times have become more conservative,” said Ngaai, in a statement read on his behalf by Unaitas Board Member Gabriel Mugo.
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