Uasin Gishu’s Shs 1bn Co-op kitty to be set up

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Nov 8, 2017
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By Wasike Elvis.

Uasin Gishu County Deputy Governor, Daniel Chemno has reaffirmed the County Government’s commitment to support Cooperatives.
“We have issued loans to the tune of Sh127 million to over 57 Co-operatives in the past three years. We are committed to availing more funds to the Cooperatives so that they can be able to build their capacities,” said Chemno.
He called on the older generation to encourage youths to join Cooperatives for them to remain vibrant.
CEC in charge of Cooperatives, Philip Melly reiterated the county’s commitment to expanding the Cooperative Enterprises Fund for more Cooperatives to benefit.
“We will set a Sh1 billion Revolving Fund which will be loaned to Cooperatives at an interest of 5 per cent.We want cooperatives to be empowered financially,” said Melly. Melly revealed that the County Government in the last four years has revived 37 Cooperatives which were in a bad state and at the same time registered 75 new Cooperatives.
Uasin Gishu Cooperative Acting Commissioner, Rosylne Rai urged residents to join Saccos for them to be empowered financially.
Saccos that were awarded for their exemplary performance were Toiyoluk Cooperative which was ranked the best followed by Kipkorgot and Sosiani Saccos respectively.
Boresha was named the most organized Sacco in the county, while Banki Kuu and Stima Sacco took position two and three respectively.
Noble Sacco topped the most comprehensively insured Sacco category followed by Eldowas and Elbaco Sacco.
In the most diversified category, Progressive Farmers got position one, while Abai Farmers Cooperative Sacco and Ainabkoi Farmers Cooperative Society were ranked position two and three respectively.
The Sacco with the highest returns in the Matatu sector with 9.63% went to Chepkoilel Matatu Sacco, Kitwek Sacco had 9% while 20 Minibus Sacco got 8.36%.

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