A top judge has advised residents of Kisumu County to join Savings and Credit Cooperative Societies (SACCOs), in a bid to become financially stable.
Court of Appeal Judge Justice Patrick Omwenga Kiage said that there’s a need for Kisumu residents and Kenyans in general to join SACCO’s.
He said most Kenyans are not aware of the various advantages that come with being a member of a given SACCO, hence the need for public awareness.
Speaking during Sheria SACCO open day in Kisumu on Monday, Justice Kiage said that through SACCOs, members can get financial benefits ranging from school fees, medical bills and emergency loans.
“Being a member of a SACCO means you are able to save for the future. You can acquire loans to start a business, pay school fees, pay medical bills and so forth,” said the Judge.
Justice Kiage is the Chairman of Sheria Sacco.
According to sheriasacco.coop, the SACCO was registered in 1972 with a growing membership of over 10,000 members pooled from the Judiciary, Attorney General Chambers, various Government Ministries, business persons and anyone above the age of 18 years with an income.
The SACCO empowers its members economically through mobilization of resources and provision of competitive products and services.