By Reuben Olita
Over 600 women from Teso South Sub County have joined forces to form TESOWO SACCO aimed at empowering themselves economically.
Speaking during the launch at Amukura grounds presided over by Busia Governor, Sospeter Ojaamong and his Bungoma counterpart, Wycliffe Wangamati, interim Chairlady, Immaculate Obari said the new Sacco is geared towards economic empowerment of their families.
“It will also improve our living standards, enable us have access to markets far and wide and we will utilize the funds prudently,” said the senior educationist.
H.E Ojaamong who is the brainchild in the registration of the new Sacco said he wants to leave a legacy through the Sacco to better the livelihoods of members.
He said his government will strive to inject funds to the Sacco through Cooperative Enterprise Development Fund to enable more members access loans to improve their business ventures.
Bungoma Governor, H.E Wycliffe Wangamati noted that leadership kills Saccos if not well managed, lauding TESOWO members for picking credible interim officials.
Busia Women representstive, Florence Mutua said it’s great day to see such economic empowerment that is being sought in the country; she urged members to repay their loans after borrowing to enable other members access the funds.
Speaker, Bernard Wamalwa said SACCOs is the way to go, noting that Assembly Sacco continues to grow by the day due to dedicated membership and repayments.
Trade Executive, Judith Maketso urged Saccos to chose people wisely to lead their associations.
“You should also ensure annual general meetings are held failure to which any member can raise the issue with the department for necessary action,” she said, adding that Saccos are also supposed to conduct annual audits and education day for members.
The fundsdrive which had H.E Wangamati as chief guest helped raise Ksh566,000.