Stake Kenya Sacco targets fishermen

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Feb 15, 2017
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By Staff Reporter
Stake Kenya Sacco Society, formerly
known as Kuria Teachers
Sacco Society Ltd, is seeking
to recruit fishermen located at
Muhuru Bay into its membership.
“We are targeting to recruit fishermen
operating along Muhuru Bay
in Lake Victoria where fishing is the
main economic activity as well as
other small traders,” said Mr Gasaya.
“Our loan portfolio stands at
Sh105 million and Sh113 million in
member deposits. We intend to double
these figures according to our strategic
plan,” Mr Joseph Gasaya, Stake
Kenya CEO told Sacco Review.
The Sacco intends to use membership,
deposits and savings using
Stake Pesa, mobile phone application
software.
Using the mobile app, members
can save their daily earnings with the
Sacco. A feasibility study carried at
Muhuru Bay indicates that a fisherman
can save as little as Sh20 per day
through Stake Mobile.
The Sacco intends to take advantage
of the large unbanked population
in the area to provide much need financial
services to these new members.
“We have ongoing sensitization
programmes to educate fisherman on
the need to save with the Sacco,” said
Mr Gasaya.

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