First ever Military Veteran Sacco launched in County


Jun 14, 2017

By Wasike Elvis.

The first ever Military Veteran Sacco has been launched in the County, according to the CEC in charge of Trade and Industrialization, Philip Melly (pictured).
He said the Sacco members comprise of ex-military officers who participated in Second World War, their families and domestic workers.
“As a County Government we have been supporting women and youths but we have now decided to empower the elderly or retirees financially through loaning them funds, “Melly said during an interview after the launch of the Sacco at the County offices.
“The Sacco has now 500 members. We will give them all the support they want for them to stand on their own,” he added.
He said they will train them on the importance of saving and how to put the money they borrow through the Enterprise Development Fund into good use.
“We want them to engage in businesses that are income generating. We don’t want a situation where they will be unable to repay the money back,” noted Melly.
The CEC hinted that through its Enterprise Development Fund, they are targeting to set Sh1 billion as revolving fund, for more Co-operatives to benefit.
The Sacco Chairman, James Kipkorir said the Socirty was officially registered in February and is expected to attract a membership of over 600 members at the end of the year.

Leave a Reply

Your email address will not be published.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