Sacco targets CEDF, Co-op Bank loans to invest in real estate

BySacco Review

Sep 5, 2018 , ,

By Godfrey Wamalwa

Matayos Reality Savings and Credit Co-operative Society is targeting loans from County Enterprise Development Fund (CEDF) and Co-operative Bank to invest in real estates.
Addressing the press recently, the Sacco organizing secretary Duncan Kubasu said their short term plans are to build houses and later sell them to members as loans.
He said the Sacco’s long term plans are to venture into transport
sector. “Our focus now is to look into the welfare of members, thus our plans to build for them affordable houses,’’ he said.
Kubasu said the Sacco’s membership stands at 100 with shares worth Sh400,000.
He urged those interested to join the Sacco to improve their welfare.
Kubasu said Matayos Reality Sacco will start giving loans to members in December.
He urged WhatsApp groups to put the welfare of their members first instead engaging in politicking 24/7.
He challenged such groups to be objective and criticise the County Government only when they have facts, adding that too much criticisms will make them laughing stock.

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