Sacco members wins Sh3.2m house in savings promo
Business
By
Peterson Githaiga
| Mar 01, 2024
Kenyans have been urged to save their income through Sacco’s to improve their living standards.
Mwalimu National Sacco Chairman Joel Gachari said saving through Sacco is the best better way to invest in the prevailing harsh economic times.
Mr Gachari spoke in Kajiado County on Thursday during an award ceremony for Tom Charigah who won a three-bedroom house worth Sh3.2 million through a savings promotion scheme.
The winner, who has been a member of the Sacco for over 40 years, received the house situated at Kisaju area in Kajiado County after topping up his share capital to Sh500,000.
"I am very happy to be announced the winner of a three-bedroom house here in Kajiado County. I can now retire peacefully knowing that I have a house to live in," said Chariga.
READ MORE
Madagascar tycoon to buy Zuku parent firm Wananchi Group
Real estate posts high productivity as challenges hit wholesale, retail sectors
Gold rush: How illegal gallbladder trade threatens Lake Victoria fishers
How container cash deposits are creating a problem for Kenyan traders
Agencies in fresh plan to market Kenyan coffee
AI-driven smart borders transform travel security
Fresh test for Ruto as IMF urges new tax policies to unlock loans
Kenya's nuclear power plan faces significant cost hurdles
Healthcare and business: Diana Okello's journey in aviation medicine niche
How access to credit is boosting tech adoption, earnings for SMEs
Last year Mwalimu National Sacco started restructuring all its non-profitable investments in a move aimed at making it more competitive in the market.
This follows the ratification of the proposal by delegates who attended a special general meeting at the Bomas of Kenya.
The Sacco’s assets are worth over Sh64 billion.
- Ruto plans to keep Cabinet, PSs on toes
- Ford Kenya won't fold, to remain in ruling alliance, party leaders say
- Dr Austin Omondi has been found, KMPDU reports
- Gen Z use church pulpits to send anti-Finance Bill messages
- In a poor economy, even marriages are set to fail