Scrap metal traders in Kajiado County under Ecosteel association are set to establish a Savings and Credit Cooperative Society (Sacco) aimed at empowering members and strengthening the sector through improved access to financing, training, and business support.
The initiative will be implemented in partnership with the Equity Group Foundation as part of efforts to formalize the scrap metal business and create sustainable economic opportunities for dealers across the county.
Under the partnership, the Equity Group Foundation will support the formation of the Sacco through member recruitment, financial literacy training, business development programs, and access to financing for licensed traders.
Speaking during Ecosteel’s first anniversary celebrations in Kajiado, the organization’s Chief Executive Officer, JohnKerry Otieno, said the Sacco will play a key role in empowering scrap metal dealers and enabling them to expand their businesses.
“We are in discussions with Equity Bank because we want to empower our members through the formation of a Sacco,” said Otieno.
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He urged scrap metal dealers to obtain the necessary licenses to enable them to access financing opportunities and operate within the law.
Otieno noted that formalizing the sector would not only improve traders’ credibility with financial institutions but also help streamline operations within the industry.
An official from the Equity Group Foundation who attended the event affirmed the institution’s commitment to supporting the traders through financial and capacity-building programs.
The official said the foundation is prepared to assist members with training, membership mobilization, and financial support to help them acquire licenses and grow their businesses.
“Whenever members require financing to obtain licenses or expand their businesses, Equity Bank will step in to support them where necessary,” the official said.
The planned Sacco is expected to provide scrap metal dealers with a structured platform for savings, affordable credit access, and collective growth, while also promoting professionalism and compliance within the sector.
By Juma Ndigo
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