Nyanza youth urged to boost finances via Saccos

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Mar 10, 2017
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By Opiyo David

Youths in Nyanza region have been asked to em­brace savings and credit co-operative societies (Saccos) to uplift their economic status.

Kisumu Airport Taxi Op­erators Sacco Chairman George Obunde said the societies will not only help the youth realize their development potential but also assist them in improving education levels.

Obunde who was speak­ing to Sacco Review said it was high time youths restrained themselves from frequent poli­ticking and thought of pursu­ing their development goals through Saccos.

He noted that in Nyanza people have not taken Saccos seriously resulting in the bad attitude youth have towards the societies.

He said while neighbour­ing communities have recorded marked growth in Saccos, Luo Nyanza still lags behind despite the fact that it is among the pio­neers of the societies.

“I call upon youths to come out and join Saccos, be it Boda Boda or any other Sacco be­cause there is no development that one can have without sav­ings,” said Obunde.

He disclosed that most of his members already have massive developments and are still look­ing forward to recruiting more members all over the County so that the living standard of the people could be improved.

He, however, added that they still have no plans to re­brand, saying what they are af­ter is work and achieving their goals.

He said their motto is “To­gether We Stand,” thus youths must just be together so that they can go far with their Sacco.

Obunde said youths are the leaders of today and they should not be misled by the old belief that they are leaders of tomor­row.

Mr. Richard Ogutu, a Sacco member who has seen the fruits of joining a Sacco also chal­lenged the youth to join the Saccos as they offers the best option for them to develop eco­nomically.

He advised youths to apply for loans without any fear be­cause Sacco’s have the cheapest interest rates.

Ogutu said that the best way to grow is through borrow­ing and they should also be flex­ible in paying it back.

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