Budalangi MP Raphael Wanjala being welcomed by members of Maningo Sacco in Port Victoria town. Photo By Washington Okellah

Fish traders urged to form Sacco

By Washington Okellah

Fish traders from Port Victoria town in Budalangi constituency have been urged to form co-operatives that would enable them to access development loans.

Speaking after launching a 14 seater Nissan van bought by Maningo Sacco members recently, area MP Raphael Wanjala said Saccos are the bridges that lead to 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 ago.

“I want to call upon other traders in fish business to emulate Maningo Sacco and form one of their own as 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.

Nyadimo said the Sacco has been providing loans to members enabling some to buy motorboats 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 chairs and tents for hire to generate more cash for the Sacco.

The Sacco chairman however said the challenge hampering their progress is financial constraints.

He called on the county government to provide a revolving fund where they can access more money.

Leave a Reply

Your email address will not be published.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

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

x

Check Also

South-Rift Sacco members dwindle as multinationals lay off staff

By Benedicto Ng’etich                          Kericho County Director of Cooperatives Leonard Otii has advised Saccos affiliated to ...

%d bloggers like this: