Four counties in Nyanza region have been called upon to establish an investment fund to help the community advance in development.
National coordinator Luo Community Development Society Dr Odhiambo Swa Makaduol said such an investment fund will pull the community out of poverty.
Makaduol said the investment fund is allowed in the constitution and the governors of the four counties namely, Kisumu, Homa Bay, Migori and Siaya should seize the opportunity.
He said the community has lagged behind in terms of development yet the devolved structures have better opportunities for the community.
“Our community is behind in terms of development yet devolution has brought funds at the grassroots level,” he said
Speaking to the press in Kisumu, Makaduol says the Luo community has been unable to access funds to help small scale traders and other businesses.
He said, “There is need to come up with a Sacco for the lake region to offer community loans without collaterals. Currently, banks are giving loans with numerous requirements that cannot be met by majority of the community.”
Makaduol said Raila Odinga fought hard to bring devolution to the country and Nyanza communities should now enjoy the benefits fully.