Biashara Sacco to open Thika branch

By Joseph Mukubwa
Biashara Sacco is set to open
its branch in Thika town.
Sacco chairman, Joseph
Njamuku said Sacco that has nine
branches in Mt Kenya region is set
also to expand to other regions in
future.
Other branches are in Nyeri,
Embu and Laikipia counties.
“Membership has increased
from 48,000 last year to 76,000
members this year. The loan portfolio
rose from 585 million last
year to Sh 800 million this year,”
he added.
Njamuku was speaking at
Nyeri ACK Cathedral Church in
Nyeri town recently during the
6th thanksgiving service where
the Sacco also donated Sh 400,000
worth of foodstuffs to 800 vulnerable
children in the county ahead
of Christmas season.
The chairman who was accompanied
by Athi Water Services
Board Chairman, Wachira Keen
said the Sacco has been able to
create jobs for about 150 permanent
employees since inception a
decade ago.
Keen lauded the recent remarks
by President Uhuru Kenyatta that
laws will soon be amended to ensure
Saccos are empowered.
“This is the best move since the
Saccos have helped many people
to raise their standard of living by
giving soft loans especially to traders,”
He said.
He noted that Saccos have
changed many lives even more
than commercial banks.
The Board chairman also challenged
Saccos to engage in national
development projects for their
own benefit