Nakuru Governor Susan Kihika has introduced Co-operative Revolving Fund pumping in an initial amount of Ksh25 million to help co-operative members in the county to get access to cheap loans.
According to the County Executive Committee Member in charge of Trade, Co-operative, Tourism and Culture Stephen Kuria who is also former Biashara Ward Member of County Assembly (MCA), the fund will be effective from September this year.
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He noted that the funds will be channeled through Kenya Commercial Bank (KCB) under specific guidelines and will attract minimal interest in a bid to promote development of co-operatives in the county.
By Xavier Lugaga
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