By Dickson Kipsang
A section of Nandi youths have created an awe inspiring tale by converting a WhatsApp group into a Savings and Credit Co-operative Society Limited aimed at empowering members economically.
The group known as Maskani WhatsApp Group was officially converted into Maskani 029 Sacco as a result of a resolution passed during the second annivesary of the WhatsApp group.
According to the Sacco interim Secretary Dickson Tanui, the group members sought to deviate from the culture of politicking every now and then that has engulfed the social media platforms across the country. “We want to have shares in the Sacco which can change our lives since we can earn dividends and access loans that can enable us venture into businesses”, said Tanui.
Tanui said the Sacco objective is to pool savings for the members and in turn provide them with credit facilities as well as an avenue to tap Youth funds like Uwezo and Affirmative Action.
“With Maskani 029 Sacco, our living standards will be improved, I am appealing to youths and other likeminded residents of Nandi to be part of history and join the Sacco”, Tanui appealed.
He explained that the Sacco members are set to benefit from loans at reasonable and concessional interest rates and dividends depending on the profits made and respective members savings.
The Sacco currently has 256 members. The Maskani 029 Sacco received its certificate of registration recently and it intends to have the first general meeting in the next 30 days in accordance with the Co-operative Societies Act.