Mandago: Shs 90m disbursed to Co-operatives

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Aug 4, 2017
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By Wasike Elvis.

Co-operative Movement in Uasin Gishu County has since inception of devolution in 2013 experienced tremendous growth, Governor Jackson Mandago has said.
Speaking to Sacco Review in Eldoret recently, Mandago said his Government has increased funding to Co- operatives to grow the County economy and offer residents incentives to take up investment opportunities.
“Sh90 million has been disbursed to various Co-operative societies in the last two financial years while more than Sh100 million is earmarked for the sector in the 2017/2018 financial year,” he noted.
“We want our people to access cheap loans because this is key to transforming livelihoods. We give our loans at an interest rate of 5 percent, which is lower than any financial institution,” he added.
“Some of the beneficiaries include: Ainabkoi and Lainguse Co-operative societies, which received loans to build a storage facility and Kurur Women Group to buy maize,” he noted.
“Tuiyoluk and Tuiyotich societies recently acquired a lorry and a pick-up truck respectively for milk collection from farmers and transportation of milk to processing plant,” he said.
“Boda boda operators, matatu owners and Saccos, farmers and hawkers Co-operative societies and various groups have also benefited from the county loans,” he added.

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