BINGWA SACCO. Shareholders of the giant Bingwa Sacco in Kirinyaga County are smiling all the way to the bank after the financial institution board of directors announced a 14% divided following what they termed remarkable growth. According to the Sacco Chairman Cyrus Kabira Njine the Sacco has grown tremendously in the last one year following what he attributed on aggressive marketing strategy and favorable climatic condition prevailing in the country. The Sacco which target mostly tea farmers also revealed that the institution assets have grown with 400 million from initial 1.5 billion in 2012 to 1.9 billion by 31st December 2012. The Sacco mobilized funds have also grew with over 143 million shillings from 554,708,000 in 2011 to 697,883,000 last year with member’s deposits standing on 730,417,000 shillings. Mr Kabira revealed that he’s satisfied by the way the shareholders have been repaying their loans saying that the society loan balance has grown from 790 million by 31 December 2011 to 961 million 31 December 2012. The cumulative loan disbursed by the society since inception now stands at 7.1 billion. The Sacco according to the chairman” plans to diversify further in level with its growth of membership development of potential areas of business in our County and Country at large”. He said that the society plan to open two new branches in order to reach more customers in the country saying that the Sacco plan to reach all parts of the country. Franked by other senior bank officials the chairman said that they will review the strategic plan this year pointing that he’s optimistic the new strategic will propel the Sacco to a greater height. Said he “We have achieved most of its set targets in the year 2012 and now we plan review the strategic plan this year and we are optimistic that we will accomplish all the goals projected”. He noted. Ends..............................................................................................................................