By Kamundia Muriithi
Winas Sacco has constructed an ultra-modern office building at Kiritiri market centre in Mbeere South which will host its operations starting this year. The rest of the office space will be rented out to the local business community.
“This is our first plaza constructed by us since the inception of our great Sacco in 1977,” noted Sacco Chairman Robert Ndwiga.
Speaking during the Sacco Annual General Meeting held at Urban Primary School recently, Ndwiga noted that since late last year, they rolled out 15 agencies where members can access services without travelling.
Vincent Marangu, the Director of co-operatives Banking Division at Co-operative Bank, who was the Chief Guest at the AGM encouraged members to invest in share capital, noting that the returns of 14 per cent the Sacco offered was higher than investing in the real estate, fixed deposits or treasury bills.
Marangu said the Co-operative Bank’s partnership with Saccos in issuing personalised cheque books, trade financing, remote cheque scanning, sacco link cards and mobile banking platforms had boosted savings and commerce in rural Kenya.