Cooperative societies and MSMEs in Uasin Gishu County are set to benefit from financial literacy and models for savings as soon as the county government through the Department of Trade and Cooperatives signs a partnership deal with Stima Sacco.
Trade and Cooperatives Executive, Martha Cheruto, while hosting a delegation from the Stima Sacco on a courtesy call on possible empowerment partnership for Co-ops and MSMEs on Monday, said Governor Jonathan Bii’s agenda is to strengthen and empower cooperatives, noting that her docket is open for partnership engagements to see residents empowered.
Cheruto called on the financial institutions to disseminate information on their specific packages including financial support to the entities, maintaining that financial literacy is mostly needed to enable them to manage their finances sustainability.
A few days ago, the Department also had discussions with the Women Enterprise Fund (WEF) on a collaboration pact that seeks to muscle funds to support the societies.
Stima Sacco Eldoret Branch manager, Amos Mungo, noted that they are targeting to grow co-op sectors for members to have access to credit for development.
Mungo lauded the County Government for supporting over 700 co-op societies as well as the continuous empowerment of various MSMEs.
Cooperatives and Enterprise Development Chief Officer Ruth Samoei said the partnership will see the societies empowered reiterating the importance of these sectors diversifying for sustainability.
Enterprise Development officer in charge of linkages Ruth Lelei and Deputy Director Investment Brenda Rono were present.