Ng’arisha Sacco recruits new members outside the County


Feb 15, 2017

By Ben Wafula Bu n g o m a – b a s e d
Ng’arisha Savings and
Credit Co-operative
Society, formerly Bungoma
Teachers Sacco has been
recruiting new members from
neighbouring counties.
According to Benedict Simiyu,
Ng’arisha Sacco chairman,
while the Sacco has been operating
in the County, it has now
extended its reach and is seeking
new members in Busia, Kakamega,
Vihiga and Trans Nzoia.
While addressing delegates
during its recent Annual Delegates
Meeting at Iko resort in
Chwele, Simiyu disclosed that the
Sacco membership had grown to
11,649 as at December 31, 2015
compared to 10, 966 in 2014.
“At Ng’arisha Sacco, we are
operating in an efficient manner
and want more members to join
us. Our charges are pocket friendly
and ideal for those seeking to
take a loan so as to expand their
business,” said Simiyu.
Figures indicate that the Society’s
turnover increased to
Sh260 million up from Sh224
million realized in 2014. During
the same period, members’ deposits
increased to Sh 873 million
from 823 million, a 62 per
cent increase.
Mackline Wamukota, the
Ng’arisha Sacco CEO said
the Society’s loan portfolio
as at December 31, 2014 was
Sh691,529,723 compared to
Sh760, 031,835 in 2015, a
growth of Sh68, 502,112

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