Tourist hotel Saccos hit by economic downturn in sector

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Nov 6, 2017
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By Tsozungu Kombe.

Lack of adequate funding is a leading cause of inefficiency and poor performance at Tourist hotels-based Savings and Credit Co-operative Societies (Saccos).
Speaking during the 2017 Ushirika Day celebrations held at Kizurini Secondary School in Kaloleni Sub-county recently, Kilifi County Ushirika Day Steering Committee Chairman, Renson Ndoro said that many tourists hotels-based Saccos in the region are currently on the verge of collapsing because they lack adequate capital to boost their operations.
He said that members of this Saccos are tourist hotels workers and following the decline of industry in the County, most workers have been laid off.
The Chairman, however, urged the National and County governments to assist these Saccos with funds to enable them boost their activities.
Ndoro who is also Imarika Sacco Chairman, appealed to the Government to aggressively market the country as a tourist destination.

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