Soaring debt puts Ndege Chai Sacco members on toes


By Benedict Ng’etich

The General Manager in charge of Operations at James Finlays, Kipchumba Bullut has said the company which is the biggest stakeholder at Ndege Chai Sacco was greatly concerned with the high level of indebtedness by some members.
He called on them to borrow loans which they were comfortable with and could be repaid easily.
The general manager said the management of the company was happy with the removal of advances to members which had enslaved them because of creating a vicious cycle of borrowing and repayment.
Bullut was worried on the case of some members who abruptly left employment or were dismissed hence leaving their guarantors with loans grappling with the burden of repayment adding, “we don’t want our employees to leave employment because of problems caused to them by other people.”
He thanked Ndege Chai Sacco board for running the sacco according to the law but he advised them to device ways of reducing on reliance on expensive external loans.
“As delegates of this great society you are the supreme organ of decision-making and it is therefore incumbent on you to come up with right decisions which will benefit our members”, he said.

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