By Our Reporter
Busia Government seeks to have have all Boda Boda riders registered under saccos to enable them improve on their livelihood through the Co-operative Fund.
Governor Sospeter Ojaamong said capacity to form a Sacco would assist them get loans to invest in profitable activities.
Speaking to Sacco Review newspaper at the County headquarters, the Governor also revealed that the Busia Agricultural Development Fund will be turned into self-revolving fund if the loan recipients will repay their loans in time.
“The fund is not a grant. It attracts five percent interest. I advise farmers to repay the loans in good time so that other farmers may also benefit from the same,” he said.
504 rural farmers have benefited from Sh36 million with 304 more waiting to receive Sh25 million.
Ojaamong said youth and women groups have been funded since 2013 with Sh67 million being disbursed to 54 co-operative societies.
Also, 10,000 co-operative leaders and traders have been empowered through training on financial literacy, entrepreneurship and leadership to be at par with global standards and practices.
In the Financial Year, Sh8 million has been budgeted for the county Trade Revolving Fund to offer support to small scaletraders.
He added that the county topped in contract enforcement in the country according to the Third report of doing business in Kenya 2016 released recently by World Bank Group.
“These are good tidings to our county governmentso I urge investors to capitalise on the sound investment climate to come and invest. My government has also set up Business Advisory Centre.”
The construction of Cassava factory in Simba Chai is complete. West Kenya and Busia Sugar factories are in the final stages ofcompletion.
Governor urges boda boda riders to form saccos
By Our Reporter