Saccos cautioned on opening branches


By Benedict Ng’etich

Sacco managers have been urged to undertake proper mapping and feasibility studies before opening more offices or branches.
Bomet County Director of Co -operatives David Kerich regretted that some Saccos ended up incurring losses by paying rent on offices which were underutilised or were lying completely idle.
“It is disheartening when a Sacco opens up several offices and branches in various towns, then they lack customers and begin eating into the funds of members for nothing”, he said.
Kerich said organisations like KUSCCO and the department of co operatives offered sound advice when consulted.
He urged members of the boards to always consult widely before engaging funds in hiring offices which do not generate meaningful income to their society.

Leave a Reply

Your email address will not be published.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