Busia County Executive Committee Member in charge of Trade, Industries, Investment and Cooperatives Omuse Olakachuna has revealed that the county government will enact laws that will strengthen cooperative societies in the region.
Speaking at Busia Agricultural Training Centre in Busia town during the 101st Ushirika Day celebrations, Omuse disclosed that some of the issues they aim to address is how to safeguard Saccos’ funds and repayment of loans.
He noted with concern that mismanagement of funds by Sacco officials is one of the issues that has led to the collapse of many cooperatives societies hence the government’s decision to curb that vice.
Omuse stated that the county government will support cooperatives in the agriculture sector
at the ward level so that farmers can grow their crops and provide the raw material to factories.
He used the opportunity to encourage residents to join Saccos and qualify for loans and grants for use in various incoming generating activities.
Faridi Sacco Chairperson Godfrey Saidi urged Busia county residents to embrace saving culture.
By Charles Ouma
Get more stories from our website: Sacco Review
Kindly follow us via our social media pages on Facebook: Sacco Review Newspaper for timely updates.
