August 17, 2022

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

The Leading Newspaper for Co-operative Movement in Kenya

Kisii Youth Bunge Sacco in deal to train members


By Enock Okong’o

The Kisii Youth Bunge Sacco has entered an agreement with United States Agency for International Development and Kenya Union of Savings and Credit Co-operatives aimed at benefitting more youths in the county.
USAID Triangular Institute will train youths who never went beyond Form Four to acquire skills that will enable them to engage in productive ventures.
Sacco Chairman Assa Moronya said their development partners will provide the finance for training while the sacco will facilitate in the mobilization and provision of loans.
“These people are energetic and there is need to equip them with relevant skills for their personal and community prosperity,” he said.
The new members will benefit through training on business skills after paying a portion of money that the sacco will provide at a low interest rate.
The beneficiaries are expected to graduate in basic business ethics, loans management and proposal writing.
“We are already running since October 2017and the progress is impressive,” said the chairman.
He appealed to the youth to form groups ranging from 10-20 members to enable them acquire loans easily because the society encourages groups rather than individuals.
Kisii County Co-operatives Marketing and Trade Commissioner Vincent Kenyariri said: “This sacco is exemplary because of their devotion in the management of the finances.”
Evans Mikae, the Sacco’s chief executive officer, said that their membership has increased from 2,800 in 2016 to 3,600 in 2017.