Coops hailed as key economic drivers


Sep 5, 2017

By Kage Njoroge.

The future economic prosperity of Muranga County will rely on the co-operative sector, Governor Mwangi wa Iria has said.
The governor said the region’s wealth can be attributed to its cooperative societies, fueled by its enterprising and growing membership.
Speaking during the 2017 Ushirika Day celebrations at Ihura Stadium in the county, wa Iria lauded the residents for embracing a culture of saving through co-operatives.
The Governor disclosed that active Saccos which are engaged in diverse economic activities that benefit its members have increased from 144 in 2012 to 374 in 2017.
He said Saccos have mobilized savings amounting to Sh10.5 billion up from Sh3.3 billion recorded in 2013.
Saccos in the region engage in coffee and tea plantations, transport, dairy, real estate and micro businesses.
Over 500, 000 residents have joined co-operative societies and are able to access loans for their investments.

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