The Kericho County Governor has urged Saccos in the area to put in place tough anti-corruption measures to safeguard members’ savings.
Dr, Erick Mutai said that the stability of any Sacco is dependent on the security guarantees it accords to members’ savings.
He made the remarks when he presided over the launch of the new Biashara Sacco at a function held at the Moi Gardens, Kericho where he represented CS for Cooperatives and MSMES Mr. Simon Chelugui.
Dr. Mutai assured Saccos spread across the county that his administration will soon launch the Kericho County Enterprise Fund which will be managed by one of the Saccos.
“After finalizing all the technical and legal requirements, we plan to procure the services of one of the Saccos to run its operations. This will ensure that we work together with the Saccos in the county. “he added.
The County boss observed that the devolved unit has established a strong partnership with area Saccos to ensure the delivery of services to locals at the grassroots level.
County Assembly Speaker Dr. Patrick Mutai urged the new Sacco officials to commence aggressive grassroots recruitment of members to enhance the liquidity of the society.
“For any Sacco to be progressive there is a heavy responsibility on you, the officials, to be very aggressive in the recruitment of new members,” he said.
Ainamoi ward Member of County Assembly (MCA) Mr. Cheruiyot Bett promised legislative support for all the societies established in the county.
Nominated MCA Fancy Chepkorir Korir urged women to venture heavily into the Sacco sector saying that the financial impact on the fair gender was phenomenal.
Biashara Sacco Chairman Josphat Koech said that the new Sacco will be operated in an open and transparent manner and members’ savings will be guarded in accordance with the law.
He welcomed new members saying that their products were tailor-made to fit the current market needs.
By Benedict Ng’etich
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