By Obegi Malack
Private security guards will now be able to access cheap credit facility.
This is after National Service and Walinzi Sacco Society announced plans to start giving members loans.
The Sacco has over 1,000 members. It draws membership from the private security industry, which has over 500,000 employees.
The Saving and Credit Co-operative So was registered in January 2017 under the Co-operatives Societies Act Cap 490 with an eye on providing affordable financial services to private security industry workers and the unbanked members of the national service.
“We have begun a transformational journey to improve living standards of our security service men and women, giving them financial power to allow them focus on their mandate of boosting security for private properties and the country at large,” said its chairman, Isaac Andabwa, in a statement.
Kenya’s private security sector is one of the biggest employers but most of its members earn low salaries and don’t have other benefits.