Mombasa County has witnessed major growth in the number of savings and credit cooperative societies (Saccos) as residents embrace new ways to uplift their living standards.
County Cooperative director Nelson Nyoro said some 30 new Saccos were registered by Cooperative Development ministry between July last year and March this year.
Among the cooperative societies registered in the county during the period are for boda boda operators, fishermen and HandCraft respectively.
Nyoro asked county residents to support the cooperative movement, by joining it in large numbers, save and get bigger loans to accomplish their development projects.
He, however, noted that the county residents’ monthly salaries and their daily wages are not enough to implement development projects, arguing that joining Saccos in large numbers was the surest way to stability and prosperity.
He also asked Sacco members in the region to borrow loans wisely and pay promptly to enable other members to benefit from the same loan products.
Nyoro further warned members against defaulting, noting that the trend has led to the collapse of many Saccos in the region.
He advised Sacco members to patronise their societies to enable them move to the next level of development.
Nyoro also disclosed that the county has earmarked to revive 18 dormant cooperative societies to enable residents to join them to help in uplifting their living standards.
By Tsozungu Kombe
Get More Stories from our Website Sacco Review Newspaper
You can also follow our social media pages on Facebook Sacco Review Newspaper for timely updates.