Sacco sees steady membership growth


May 10, 2017

By Titus Wafula.

Kakamega Entrepreneurs Sacco (KES) Limited’s membership has grown steadily to more than 400 entrepreneurs with sound businesses since it started in 2002.
Having been established with the sole aim of assisting small-scale businesses, the Sacco has over the years expanded to incorporate a larger segment of workers from various organizations.
And with a total share capital of over Sh6 million, the organization has also invested in securities and shares, where members are provided with loans and trained on best practices of using secured loans.
“In spite of having a strong financial base, we do not involve ourselves in BOSA or FOSA owing to the stringent conditions the Sacco regulatory body SASRA has put in place,” an official told Sacco Review.
The official said membership is attractive to those wishing to join the Sacco, noting that requirements include payment of Sh1,250 and be in a position to pay Sh1,000 per month.

Leave a Reply

Your email address will not be published. Required fields are marked *