August 17, 2022

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

The Leading Newspaper for Co-operative Movement in Kenya

Makueni Hawkers Sacco membership grows

Makueni Hawkers Sacco lorry

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By Correspondent

Membership for the Makueni County Hawkers Sacco has increased to over 2,000 from 1,500 when the society was registered in 2015.

The Sacco which was registered in February, 2015 and awarded two lorries as seed capital by the Makueni County Government to ease transportation of their merchandise and to enhance wealth creation has since recorded tremendous growth.

With a monthly savings of at least Sh120, 000 a month, and a membership of 2,051 currently, the Sacco has acquired a new lorry, and aims at acquiring three more such that each sub-county chapter has its own.

The new lorry was unveiled recently by Governor Kivutha Kibwana, who pledged his government’s support in the acquisition of the planned trucks.

The Sacco, which has also ventured into loaning its members, had a loan portfolio of Sh4.6 million as of December 30th 2018 audit report.

The Sacco, according to its leadership, also intends to venture into real estate development and water hawking through purchase of a water bowser as ways of business diversification.

In 2015, the Makueni County Government spearheaded the formation of the Makueni Hawkers Sacco bringing together all hawkers based in the county.