Intensify financial literacy campaigns to cultivate saving culture, Saccos urged


Kisii County Deputy Governor Dr. Robert Monda has stressed on the importance of financial literacy campaigns and member education drives among Saccos to cultivate a saving culture among residents.

Speaking during the launch of Stima Sacco new branch at Waumini Plaza where he represented Governor Simba Arati, Dr Monda noted that cooperatives play a pivotal role in sustainable development, aligning their operations with ethical standards to benefit both members and communities.

He lauded Stima Sacco for its expansion efforts, adding that the launch of the new branch underscores the Sacco’s commitment to securing a substantial market share in the county, amidst competition from various financial institutions.

Dr. Monda recognized the Sacco’s nationwide membership and its capacity to contribute to the social and economic progress of Kenyans and encouraged it to develop tailor-made products and services for marginalized groups, particularly in the Agriculture and Housing sectors.

Saccos CEO, Dr. Gamaliel Hassan underscored the Sacco’s commitment to promoting financial literacy and facilitating digital access to funds through platforms like M-Stima and M-Pawa.

Dr. Hassan also emphasized that Stima Sacco’s comprehensive financial solutions would help residents save, invest, and access affordable credit, supporting the county’s socio-economic growth.

He revealed that the Sacco is the second-largest cooperative in Kenya with a membership of 180,000 and an asset base of Ksh54 billion.

By Emmanuel Gwakoi

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