By Washington Okellah
Fish traders from Port Victoria town in Budalangi constituency, Busia County
have been urged to form SACCOS to access development loans.
Speaking after launching a 14 seater Nissan van bought by Maningo SACCO members,
Budalangi MP Raphael Wanjala said SACCOS are the bridges that lead to instant
wealth.
He lauded the Sacco leadership led by Samson Nyadimo for coming up with the concept to initiate a viable project that has positively changed the lives of the members since its inception two years down the line.
“I want to call upon other traders doing fishing business along our key beaches
along the shores of Lake Victoria , Omena, Marenga and Mulukoba to emulate
Maningo Sacco and form their Sacco that would give them an opportunity to save
and borrow cash to enable them invest in other viable income generating
activities and improve on their living standards,” said Wanjala.
The Sacco chairman Samson Nyadimo said the Sacco has been providing loans to
its members majority of whom are fishermen that has enabled them to buy
motorboat and outboard engines.
He said apart from availing loan facilities to its 68 members, they are
planning to build a multi-purpose social hall fully equipped with plastic
chairs and tents for hire to generate more cash for the Sacco.
The Sacco chairman however said the key challenge hampering their progress is
lack of access to loans from banks within Busia County.
“Accessing loan from banks in Busia County has been an uphill task, so we are
appealing to Busia Governor Sospeter Ojaamong and Budalangi MP Raphael Wanjala
to support us through the county’s Cooperative Department to enable us get loan
to achieve our objectives of empowering our members to be self-reliant,” said
Nyadimo.
