Sacco sees steady membership growth

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Feb 9, 2017
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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

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