By Collins Akong’o
Savings and Credit Co-operative Societies(Sacco)leaders have been urged to recruit more member into the movement.
According to Qwetu Sacco Chairman Alfred Mlolwa this will help increase the national savings ratio, which currently stands at 9 percent as opposed to 30per cent outlined in Vision2030.
He said findings of the Fin Access Report2014 indicates that Saccos are losing ground to other financial institutions.
Mlolwa there fore encouraged Sacco members to go for production as opposed to consumption loans. “Good governance is key in the management
of Saccos,” he added.
He also urged Government officials to register viable Saccos .Andrew Mbinga, the County Co-operative Commissioner noted that there was need for Saccos to be more innovative in order to attract and retain new members.
