GROWTH
Boresha Sacco opens branch in Iten, Elgeyo-Marakwet County By Kipturgut Enock
T
he renowned Boresha Savings and Credit Cooperative Society is set to scale the heights of success with new growth and expansion strategies, that were resolved at the 29th Annual Delegates Meeting (ADM), held at Teachers Plaza in Eldama Ravine, Baringo County, under strict guidelines, as set by the Ministry of Health to curb the spread of the Covid-19 pandemic. The Delegates unanimously endorsed a plan to upgrade the Iten marketing desk to a fullyfledged branch and commence construction of the Multimillion Marigat plaza upon approval by the Regulator. This will be the third office building of the Sacco. The Sacco Chairman Mr. Albert Chebiegon, urged members who are yet to embrace the digital shift in technology, to register at the branches, to get prompt and more convenient and efficient services through mobile phones.
Dr. Moses Chebor, SACCO CEO Addressing the Delegates.
This move is vital especially in the wake of the Covid-19 pandemic, where everyone is advised to avoid crowded areas, to mitigate the spread of the deadly coronavirus disease.
“We continue to upgrade our mobile lending channels and technology to keep up with our competitors in the sector,” he noted. The Chairman added that Boresha Sacco society’s main objective, is to provide savings and affordable credit facilities to the members, in a bid to empower them economically. The Sacco loan book stand at Kshs 5.7 Billion. This has largely contributed to the micro economic growth in the government’s Big Four agenda in Manufacturing, Housing, Food Security and Universal Health Coverage. “The society lends its members development loans, school fees and agri -based loans, enhancing the economic growth through transformation of members’ livelihoods,” he added.
KUPPET Chairman Baringo Branch Mr. David Toroitich adressing delegates.
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SACCO TIMES | OCTOBER - NOVEMBER 2020
