TURKANA LEVITICAL SACCO HOLDS AGM TO PRIORITIZE LOANS REPAYMENT TO IMPROVE CREDIT FACILITY

TURKANA LEVITICAL SACCO HOLDS AGM TO PRIORITIZE LOANS REPAYMENT TO IMPROVE CREDIT FACILITY

Members of the Turkana Levitical Savings and Cooperative Society held their second Annual General Meeting (AGM) to focus on loan repayment as a priority for this year.
The Sacco members also resolved to embark on a serious membership drive, capacity building, and enhancing monthly contributions in a move to sustain its growth.
The Director for Cooperatives, Shemmy Ekuwom graced the event. She thanked the SACCO for its remarkable journey since its inception in 2018.
She emphasized timely repayment of loans borrowed by members to avoid defaulting, which would otherwise, be disastrous to Sacco’s growth.
The County Government, the Director said, is keen on supporting Saccos across Turkana, through capacity building and access to funding.
She advised the Levitical Sacco to embrace financial discipline through practicing transparency and accountability in regard to budgeting, record-keeping, and updated financial statements in tracking expenses correctly, in order for the members to realize the benefits of belonging to a Sacco.
The Cooperatives Director encouraged members to explore various income-generating avenues, recognizing the vital contribution they make in diversifying income streams in fostering economic growth and development.
Similarly, the AGM also provided an opportunity for the election of a Seven-member Management Committee to oversee the leadership of the SACCO for the next year.
The executive officials elected were; Lazaro Simiyu (Chair), Edward Musungu (Vice Chair), Ann Sasy (Secretary), and Sachays Siele (Treasurer).
Other members were; Martin Sasy, Agnes Lojok, and Charles Esinyen.
In attendance were staff from the Cooperative’s Department.

TOBONGU LORE

13TH-14TH AUGUST 2024