By Reuben Olita
Busia Governor, H.E Sospeter Ojaamong has urged county residents to embrace savings culture to empower themselves economically.
Addressing members of Former Public and Private Sector SACCO (FOPPS) at Mzee Mark Osili Adungo’s residence in Ngelechom village in Teso South Sub County, the Governor regretted that the culture of savings is missing, thus the need for a paradigm shift.
“I will endeavour to promote cooperative movement in the county by spearheading the culture of savings. We need to boost our economy by engaging in income generating activities,” he said.
The County Chief pledged FOPPS SACCO funding either through Trade Revolving Fund or Cooperative Enterprise Development Fund to empower them economically.
FOPPS National Chairman, Mr Ben Akwara said the SACCO which was formed in 2015 is based on cluster system with which each cluster has a minimum of 12 members who meet monthly to discuss on matters savings, credit offer and investments.
Mr Akwara said the objective of session is to encourage members to bond physically, noting that there are 14 clusters across the country.
” We had to change the by-laws to cater for countrywide membership,” he stated, adding that they have started giving loans to members through savings.
Mr Akwara also disclosed that they have purchased a plot in Malaba with plans to develop on a sustainable project at an advanced stage.
The SACCO has so far registered 400 members with the chairman appealing to more members to join.
Among those who have joined include Chief Officer Education and Vocational Training Centres, Daniel Mogoria, Dr Zack Epus and retired ACK Nambale Diocese Bishop Josiah Were