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The growth trajectory gained by deposit-taking Savings and Credit Cooperatives (SACCOs) and Micro Finance Institutions (MFSIs) continues to reflect appealing financial growth parameters. With total assets Increasing to Ksh 542.27 billion in 2020, it reflected a growth rate of 12.4 percent from the previous year. The loans shot to Ksh 431.2 billion reflecting a hike of 11.29percent from 2019; while deposits grew to Ksh 405.3 billion reflecting a growth rate of 12percent from the previous year. According to the World Bank, there are around 1.7 billion unbanked adults in the world. Reason? Astounding lack of awareness, access, convenience, steady income, and trust. SACCOs' and MFSIs' innovative and novel digital solutions offer worthwhile alternatives when it comes to boosting financial inclusion in urban and rural areas of developing nations. As we live in the space of the new normal with new protocols, SACCO and MFSI members' demands are rapidly changing. To this effect, CIO East Africa has organized the 2021 SACCOTECH FORUM. Join us to learn from SACCO and Micro-Finance Institution leaders and innovators leading the shift to digital. This will also be an opportunity to:-

▶ Understand how the SACCO and MFSIs industry is responding to the challenges caused by the pandemic

▶ Find out how to deal with regulatory challenges caused by remote communication

▶ See the latest innovation in the customer journey

▶ Identify new commercial opportunities for your organisation.

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