Bungoma residents and those from other neighbouring counties have been urged to invest their money with Ng’arisha Sacco formerly Bungoma Teachers Sacco Society.
The Society Board of directors Chairman Benedict Simiyu said that it’s through investing their money with them that they can in turn borrow loans that can help them venture into different businesses and or manage to cater for life issues in future.
Speaking at Farm View hotel in Busia town on June 22 during the delegates meeting, Simiyu noted that the Sacco doesn’t cater for only teachers but it has opened its doors to the general public to invest with it.
“Initially the Sacco was meant to empower only teachers but with the changing trends in the money market we have opened our doors to the general public, this will enable them invest with us then in return they will benefit a lot,” he said.
The meeting was meant to empower delegates on the changing trends, new products and how they can sensitize members at the grassroots areas on how to cope with any changes if any for their own benefit.
The Chairman stated that as a Sacco they offer many products that are beneficial to the common member and those joining it will benefit from dividends offered yearly.
He affirmed that currently the Sacco membership has hit 17,000 and they are still calling on the general public to join it if at all they want to live a good and worthy life in future.
“We don’t segregate our members, we need a mama mboga, a hawker, a house wife and a manager to invest with us, this is the only way we can empower them economically, come join us and you won’t regret,” said Simiyu.
He noted that they have set up a team that is currently marketing their products and hopefully by 2022 they would be having over 50,000 members.
His sentiments were echoed by Bungoma East Kenya National Union of Teachers (Knut) executive secretary Aggrey Namisi who said that life can only be enjoyed later if any member can invest his or her little money.
“Am happy for having joined this Sacco, I can’t regret because the more I have invested with it I have realized its fruits, I have managed to buy a five acre farm and a car after taking a loan from Ng’arisha Sacco, I also earned Sh120,000 following the 11 percent dividend because of the shares I have invested with it, this is the best way forward,” said Namisi.
He called on the general public to invest with Ng’arisha Sacco and start reaping its benefits almost immediately.
He noted that the Sacco offers online money banking and it is easier to save it and also acquire the loans online for the members own benefit.
“I urge the county government to continue investing with Ng’arisha Sacco because currently it is the only one in the entire county that has got many members, I laud the county for allowing the 2,000 ECDE teachers receive their salary from the Sacco, this shows its commitment,” said the unionist.
Present were the Sacco CEO Macklins Wamukota and the Finance Manager Aggrey Makari.