Hundreds of informal businessmen from Nyamira County have formed a Sacco in bid to make savings that will help them not only cater for their families but also help in paying school fee for their children.
Speaking on Monday at a Nyamira hotel, Gael Ombiro, who was the mastermind of the iniatiative, said it was essential for the informal sector, commonly called ‘Jua Kali’ sector, to come together for the purpose of development.
He said Mwanyagetinge Sacco, which was duly registered, will soon recruit qualified accountants to ensure accountability and transparency in execution of its duties.
“I have been thinking of this idea for a long time. I thank God since they have agreed to join the Sacco for their own benefit. This is a major boost not only to their welfare but also to development of the county as a whole,” Ombiro said.
“We will soon recruit efficient accountants to help us start the microfinance and we are hoping we will get qualified candidates who will steer us to the next level,” he added.
"The move was welcomed by the artisans who promised to rally their colleagues across the county so that they can join us in commencing this noble idea,” said Zachary Momanyi.
Ombiro welcomed peasant farmers who were willing to join the Sacco by urging them to do so since it was important for their welfare.