County pegs economic growth on Co-operatives

By

Feb 9, 2017
Share

By Wasike Elvis
For the past three years, the
County Government has been
focusing on reviving the once
vibrant Cooperatives Saccos as a
means of improving livelihoods of
its citizens.
According to County’s Trade,
Industrialization and Co-operatives
Minister, Philip Meli, Co-operative
movement has a great potential of
driving economic growth, not only
at the county level, but also national
and international front.
“It is for this reason that the
County Government has established
an Enterprise Development Fund
which has seen over Sh80 million
worth of loans given out to Cooperatives
at a subsidized rate” he said.
“Our lending rates are at 5 per
cent annually which is an incentive
to grow the Co-operative societies,”
noted Melly at Chepkanga while
launching a truck funded by the
County Enterprise Fund for Tuiyoluk
Dairy Farmers Co-operative
Society.
The Trade CeC further said the
county is determined to make a future
worthy enough to be inherited
by future generations through the
Cooperative movements.
“Let us focus on a future that can
be inherited by our children as the
cooperative movement is our ride
and the light to that future which we
will all live to tell as history of success,”
Melly reiteriated.
He however, urged Co-operative
officials to be transparent on finances
since the success of such institutions
depends on how officials
manage the funds.

Leave a Reply

Your email address will not be published. Required fields are marked *