May 28, 2022

Invest in Saccos, Governor Kimemia urges Residents

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Nyandarua Governor Francis Kimemia has challenged residents to embrace the culture of saving saying this will help them overcome unforeseen challenges.

He said Saccos and other marketing cooperatives played a pivotal role in spinning the wheel of economic growth in the country adding that they were major drivers of the country’s wealth.

Speaking when he launched the credit policy for the Ol-Kalou based Levitical Sacco, which brings together interdenominational pastors within Nyandarua county, the county boss said his government’s aim was to promote a savings culture that will in turn lead to investment.

“The clergy here have come together to ensure they not only save but have a fund that they can borrow from to expand their businesses and deal with emergencies.

“This should be replicated among our bodaboda operators, potatoes and milk farmers as well as other business operators to ensure maximum yield and to also attract funds from the national government that they can Invest in and make huge returns,” he said.

Kimemia, added that several external investors have also shown interest in partnering with local cooperatives to set up processing industries and other value addition ventures.

On his part, the Sacco’s Chairman Ngenye Mwangi said Leviticus Sacco will help in mobilizing more resources for members and subsequently huge returns.

He observed that the objective of the Sacco was to empower members of the clergy who have joined the Sacco.

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