The Senate Committee for Trade Tourism, Industrialization and Co-operatives on Friday met with petitioners from Moi University Sacco (MUSCO) and Sacco members to deliberate on issues affecting the SACCO.
The committee led by Chairperson Ali Abdulahi Ibrahim was in the county to provide a platform and a way forward that would see the revival of the Sacco, further deliberating on avenues that would protect the interest and savings of the members.
As a committee, we are willing to assist as much as we can to revive the Sacco,” said the chair.
On her part, Uasin Gishu Senator Prof. Margaret Kamar said that cooperatives should stick to the law, adding that Saccos regulator, SASRA, should be protecting all savings institutions to promote growth.
CECM for Co-operatives and Enterprise Development, Esther Mutai said that MUSCO had a large membership of 3000 members who will experience economic stress if the cooperative society is not revived.
As a County, we are committed to reviving of the Sacco. We are willing to offer statutory management until it comes back to its feet,” said Ms Mutai.
Our prayer is that, how well will the member who saved money be served with justice if the issues addressed. Those who might have run the institution down should be brought to book,” said the County Executive.
Present during the deliberations were Vice-Chairperson Dr Inimah Getrude Musuruve, Sen. Haji Farhiya Ali, Wario Golich Juma, Chebeni Mercy and Chief Officer Co-operative & Enterprise Development Pius Kigen.