Kilifi: Kaloleni cooperatives disburse Ksh175M loans

Kaloleni Sub-County Cooperative Officer Evans Malombo has revealed that the 32 registered cooperative societies in the area have disbursed loans amounting to Ksh175,420,309.

He noted that the cooperatives have mobilized a turnover of Ksh41,424,998 and share capital of Ksh19,387,684.

“Sadly, only 18 cooperatives are active,” he lamented, noting further that membership currently stands at 2,158.

The officer advised residents to embrace cooperatives for prosperity.

By Tsozungu Kombe

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