Embrace the culture of saving from more sources in Saccos, says Former CEO SASRA.

 County Executive Committee Member in charge of Trade, Industrialization and Enterprise Development in County Government of Homa Bay Carilus Ademba{L} consult with former CEO of KITE Sacco Joseph Oganga during its AGM held last Saturday-Photo By Dickson Odhiambo.

By Dickson Odhiambo.

April 30, 2018.

Embrace the culture of saving from more sources in Saccos, says Former CEO SASRA.

MEMBERS of the various Savings and Credit Cooperative Societies have been urged to fully embrace the culture of saving more from other sources into their Saccos.

Former Saccos Regulatory Authority {SASRA} Chief Executive Officer Carilus Ademba says it is prudent if members of the Saccos start engaging in ensuring that they make savings to their saccos other than from the salaries.

Addressing members of the giant Kisumu Teachers {KITE} Sacco Society Limited during its 40^th Annual General Meeting held at Kisumu’s Museum ground, Ademba told those saving in saccos to start making a lot of sacrifice in order to make saving from other sources.

Ademba who is now the County Executive Committee {CEC} Member in charge of Trade, Industrialization and Enterprise Development in County Government of Homa Bay has urged the sacco members across the Country not to only make saving from their salaries alone.

“I want to urge Sacco Members from various Saccos across the country to start embracing the culture of saving from other sources of income other than their salaries they earn after every month,” he says.

Ademba says by doing so, it will help in boosting the savings from sacco members.

He says saving in Saccos must be done continually and it is not a one month event, adding it requires total commitment and perseverance by the members.

“Saving requires a lot that includes total commitment as well as perseverance and it is not a one month event hence one must be ready to do this over a long period of time.

He says only shs 3.5 billion has been saved in various Saccos in Nyanza region, adding that this needs to be boosted so as to raise the amount saved in Saccos in the region since nationally an estimated shs 800 billion has been saved in Saccos.

He adds that County Governments should also come up with laws that protects and safeguard Cooperative movements within their Counties.

He adds that nationally, there is the Saccos Regulatory Authority that regulates the activities of the Saccos and ensures that they operate within the required law.

He urges those who are saving in saccos and those who want to save to have total confidence.

Joseph Oganga, the Acting Chief officer the Department of Enterprise Development, Energy and Industries has urged Sacco Members to have a culture of saving and borrowing.

Oganga who is a former Chief Executive Officer of the Kisumu Teachers Sacco Limited has urged its members to help in safeguarding the interest of the Sacco for its steady growth.

He urges members of the various saccos within the county so as to be able to stick to their Saccos.

“I want to urge Members of various Sacco to safeguard their own home grown Saccos so as to be able to develop,” Oganga says.

Kisumu County Cooperative Officer Zepheniah Osok has advised Members of the various Saccos within the County to help them develop, adding that they should never talk ill of their own Saccos.

“Members of the Saccos should help in marketing their Saccos for them to develop but should not talk ill of them and this may kill the morale to develop,” Osok says.

ENDS: