By Our Correspondent
Othaya constituency based Nyeri South Traders Sacco over the weekend held its fifth Annual General Meeting (AGM).
Sacco officials led by Chairman Joseph Wanjohi announced a dividend payout of four per cent and deposits interest of six per cent.
The AGM held at Stephano Gardens, Mahiga Ward in Othaya saw the guests and members praise the management team for successfully running the Sacco despite various challenges like the COVID-19 pandemic.
The Sacco was formed in 2016 bringing together small entrepreneurs in Othaya with an aim of pooling resources together and offering affordable credit services.
Nyeri County governor Mutahi Kahiga who also graced the ceremony said, “it is commendable that the Sacco through their management led by Chairman Joseph Wanjohi has continued to display resilience and strength amidst the tribulations and challenges it has had to endure even as it aspires to scale greater heights”.
Saying that the success of cooperatives is dependent on proper governance, the Governor noted that to enhance this, his government has in the last three years initiated a capacity building program.
“Since inception, the government has been able to train over 900 cooperative leaders and staff. Plans are in place to train another 600 cooperative leaders by June 2022”.
Others who attended the event included Nairobi based businessman Wambugu Wainaina alias Mt Kenya who is seeking to be the next Othaya Member of Parliament after the August 9 General Election.
Wainaina urged the traders to patient as their business grow saying it takes time and courage for one to see a business takes shape.
Also present was Mahiga Ward MCA James Kanyugo.
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