THE ROUTE K64 SACCO OF KERICHO DISTRICT PLANS TO BECOME A MICRO FINANCE INSTITUTION, NAIROBI, KENYA

THE ROUTE K64 SACCO OF KERICHO DISTRICT PLANS TO BECOME A MICRO FINANCE INSTITUTION, NAIROBI, KENYA

The Route K64 Sacco intends to transform itself in to a micro-finance institution. According to the Sacco members that we interviewed in the last week of the month of October, the year two thousand and eleven, the society’s’ to officials held a meeting in Kapsoit Township, a small town on the outskirts of kericho town.

The sources ,who are very reliable, said that the staff members who met here  were expected to discus on how they could get the all the resources and information ,manpower and how they could get all the assistance to enable the Sacco to transform itself well and smoothly up to its’ every day operations.

The Society is only eight months old but is already trying on big things .The staff member that we talked to told us that the society’s’ total assets plus the total savings and earnings for the period that it has existed amount only up to four million and the Sacco’s senior staff have seen it wise to transform the society in to a microfinance institution as a development move.

We weren’t able to access the proceedings of the meeting .All our efforts to meet some of the members who took part in the meeting or to get in contact with their headquarters weren’t successful but we hope to carry the reports about this meeting in our next issue of this magazine.

The route K64 Sacco is a transport Sacco in Kericho District .The society operates it transport business on the kericho to Eldoret route and back