Youths urged to form SACCOs in order to grow their businesses

Lenin Lumumba

The Kwara Take

The Kisumu County Government has called upon the youth who are in business to register Savings and Credit Cooperative Societies (SACCOs) in order to grow their ventures.

 In a story published in the SACCO Review, the County’s’ Director of Cooperatives, Trade and Enterprise Susan Kanga said that SACCOs will help to ensure the youth have a source of financing for their businesses.

It is indeed good to belong to a SACCO. SACCOs offer affordable loans that will help the youth to borrow and inject the financing into growing their businesses. Furthermore, SACCOs will help to inculcate a savings culture amongst the youth as you can only borrow against your savings in a SACCO.

Ms. Kanga also added that the Kisumu County Government has further set aside Sh100 million for enterprise development and urged youths to apply for the funds.

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