Ainabkoi, Kesses Cooperatives to Get Ksh1.5 Million Loans

Ainabkoi, Kesses Cooperatives to Get Ksh1.5 Million Loans

Cooperative Societies from Ainabkoi and Kesses Sub-Counties will soon benefit from Ksh1.5 million financial support from the Uasin Gishu County Enterprise Development Fund.

Governor Jackson Mandago, however, says only cooperatives that have had their books of accounts audited and successfully conducted their annual general meeting will benefit.

Speaking during a consultative meeting on the mobilization of shares by primary cooperatives forming Borotet Union, Governor Mandago said the county will give the loan to qualified societies to allow members to borrow and buy shares directly to Borotet Union.

The county boss also called on the union officials to spearhead mobilization of members across the primary cooperatives on the importance of buying shares to see the union operational.

Borotet Union intends to establish a maize milling plant in Chuiyat stores, Tulwet/Chuiyat Ward, in Kesses Sub County.

Cooperatives and Enterprise Development CECM Ms. Esther Mutai on her part called upon cooperative societies that have not audited their books of accounts to consider doing so as required by the law.

CECM Cooperatives Esther Mutai

The Uasin Gishu County Assembly in 2016 passed a Bill that saw the establishment of an Enterprise Development Fund for the Co-operative sector in the.

It was meant to provide low-interest loans to cooperative institutions that seek to promote the welfare and economic uplifting of the people of Uasin Gishu County and for connected purposes.

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