Kajiado County Executive Committee Member (CECM) for Gender, Co-operatives, Culture, Tourism, and Wildlife, Janet Sereu has encouraged upcoming self-help groups and Saccos to enhance their governance by learning from well-established Saccos.
The committee member who attended Ongata Rongai Muungano Women Housing Cooperative Society 5th Annual General Meeting in Ongata Rongai Kajiado North Sub-county noted that established entities serve as a foundation for newer Saccos to build upon.
Sereu had invited Lemagadi Group from Nguruman Kajiado West Sub-county to attend the Muungano AGM where they were taken through how the group carries out its operations.
“I had to accommodate them in my house so that they attend Muungano meeting, they have to learn from the well-established Sacco,” she said.
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She urged Saccos to invest more in benchmarking meetings with other Saccos and also attends conferences, this will improve the way they carry out their activities.
Naisei Loibuluenkop from the Lemagadi Group said the group has been in existence for a while and benefited from flour milling machine, when it had broken down and when they sought help from the county government to fix it, they were directed to attend the Muungano Sacco AGM to learn on where they need to improve.
Muungano Cooperative Chair Ruth Wakapa said the Sacco is empowering women to be financially independent.
The Sacco started as a self-help group in 1992 comprising 41 groups, and some of the members are as old as 100 years.
Wakapa said they will hold a seminar on investments, which will be crucial for enhancing members’ financial knowledge and engagement.
The Sacco made a profit before tax of KSh2.8 million in the year ended December 31, 2023, a drop from KSh3.3 million a year earlier, this, the chair noted was due to hardships recorded in the year under review which included increase of cost of doing business and taxation.
Most of the revenue is from Muungano Sacco building in Rongai town. Many business people prefer to work from home than renting premises this was contributed by Covid-19.
By Obegi Malack
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