UNAITAS UNVEILS PLANS FOR ITS NEW HOME AS IT CELEBRATES TENFOLD GROWTH IN 10 YEARS.
Located at the intersection of the Northern Bypass and Kiambu road, the ultra-modern head office will be a realization of a long held dream of its members over the years to build a landmark & home to host the proverbial Unaitas coat.
The new head office will boast of a modern banking facility, administrative offices, training center complete with an auditorium, a state of the art data centre and a business incubator.
‘The revolutionary facility will feature a design that incorporates the best of modern thinking and workplace functionality. We believe that this will inspire creativity and productivity in ourselves in order to spur us on delivery of the highest quality of service to our members’ said Unaitas CEO Mr. Muhoho.
The past 10 years have seen Unaitas enjoy unrivalled steady growth in all key fundamentals. The new complex will provide a tangible representation of the audacious moves Unaitas is making to remain agile and efficient in delivery of innovative financial solutions to our members.
Since adoption of a bold brand, Unaitas has witnessed tenfold growth in profitability, asset base, loan book and deposits as illustrated below:
- Profitability rose from a net profit of Kes 6M in 2009 to Kes 661M in 2021
- The loan book has grown from 1.3B in 2011 to 14B in 2021. Most of the deposits and funds generated have been directed towards transforming member lives through innovative credit products.
- The deposits book also grew from Kes 1B in 2009 to10B in 2021; this is an indicator of the confidence members have in the institution.
- The asset base also grew tenfold from Kes 1.5B in 2009 to Kes 18.6B in 2021.
‘Unaitas has built a loyal membership due to its transparent practices and adoption of client protection principles, which have helped built sustainable business lines that span from agri-business to SMEs, real estate, chamas, manufacturing, amongst others’ said Mr. James Kinoro, Unaitas chairman.
The giant sacco remains committed to a customer centric approach to doing business and achieving its mission of transforming lives through offering affordable financial solutions.
‘We expect to see sustained growth in the next 5 years powered by innovations and technology. We have invested in a youthful and innovative workforce that is highly motivated and we are confident this will shape the way we do business in future’ said Unaitas CEO Mr. Muhoho.