Saccos advised to adopt new technologies

By Munene Maina

Saccos should move fast enough to cope with modern and dynamic financial strategies.
Vincent Marangu , a manager with Co-operative Bank, said this was the only way Saccos can ensure their operations are not affected to sustain their growth.
“The co-operative sector has been marked with milestone developments. It is high time Saccos improve on all channels of delivering services,” he said.
He embracing latest technologies would help them trim the number of their field officers, reduce fraud and increase efficiency.
He called on members to patronize their Sacco services to enhance their growth.
Speaking at Winas Sacco Annual General Meeting at Urban Primary School, Marangu noted the financial sector was undergoing reforms, adding Saccos should take advantage before the nuts get tighter on them.

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