February 8, 2023

Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

KETSA to be become a Federation if bill approved

KETSA Chairman Robert Njue during a meeting. Photo By George Otieno

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By Tsozungu Kombe

Kenya Teachers Sacco Association (KETSA) is set to change name to become a Federation after a pending Bill in Parliament has been approved.

Speaking during KETSA Annual Delegates Meeting (ADM) held at Flamingo Beach Resort in Mombasa County recently, KETSA national chairman Robert Njue said that a pending bill is awaiting approval in parliament to enable KETSA change name to become a federation.

During the ADM, the association launched its 2023-2027 Strategic plan and Strategic charter.

The national chairman disclosed that since its inception the Association has so far recorded remarkable growth.

Njue said that the change in name is to allow for the association’s advancement of share capital base.

He added that despite several challenges experienced, the association has progressed well in terms of delivering quality services to members.

He urged members to fully cooperate, remain united and support the association to enable it offer quality services to them in a professional manner.

“I would like to urge teacher based Saccos who aren’t members of KETSA to come forward and join us  so  that we fight for your rights,” he advised, adding that many members have accomplished personal development projects by taking loans from KETSA.

The national chairman advised members to invest heavily to enable them get bigger loans to implement their development projects.

He further asked them to borrow wisely, use the loans for the intended purpose and to pay promptly to enable others benefit from the same loan products.

“Do not default on your loan repayments as that will adversely lead to the collapse of the association,” he warned.

He disclosed that the association has already adapted Information Communication Technology (ICT) to enhance efficiency in service delivery to members.