Retired teacher: Ksh5 million Sacco loan positively changed my life

Mrs. Agnes Kadzo Unda, a member of Imarika Sacco, can attest to the benefits of being a member of a Sacco.

Unda joined the Sacco in 1982 after completing her P1 Teacher Training Course at Kagumo Teachers Training College.

Speaking to Sacco Review in her residence in Ganda village in Malindi Sub County recently, Unda revealed that she took a Ksh 5 million loan from the Sacco for development purposes.

“I purchased an acre piece of land in Ganda village where I built my residential house.  I plant cash crops like banana and coconut and money is flowing in smoothly,” she said as she smiles, further adding that she also purchased another plot in Kisumu Ndogo and built rental houses which generate income monthly.

She adds that she used part of the money to educate her five children to tertiary level.

“Some of my children pursued certificate courses and advanced courses in Business Administration and Business Management from University of Nairobi and Cambridge University. One of my sons is currently pursuing a Masters Degree in Financial Management,” she noted with pride.

She also used the loan to educate her siblings’ children to different levels of education.

“They are now self-reliant people,’ she proudly adds.

Unda, who has since retired from the teaching profession, says life after retirement is good and she is enjoying every bit of it.

She urged Kilifi residents who have not joined Imarika Sacco to do so in large numbers and invest heavily so as to get bigger loans to implement their personal development projects.

She noted that many people have implemented their development projects through loans from Saccos.

By Tsozungu Kombe

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