Martha Cheruto, the Uasin Gishu County Executive Committee Member for Trade and Cooperatives, has emphasized the urgent need for the enactment of Cooperative Societies Regulations and Policies. According to Cheruto, these regulations are essential for providing a legal framework that will promote growth and ensure the sustainability of cooperative societies in the county.
Cheruto made these remarks while hosting officials from Moi University Savings and Credit Society (Musco) on Monday. The delegation, led by Musco’s chair, Joshua Choge, discussed various issues, including property management, revitalization strategies for the societies, and the mobilization and sensitization of members.
Highlighting governance issues as a critical impediment to the growth of cooperative societies, Cheruto assured the delegation of Governor Jonathan Bii’s commitment to supporting efforts aimed at restoring the society’s functionality.
“Governor Jonathan Bii’s administration is poised to ensure that all cooperative societies are empowered financially, this will ensure that more members benefit and change their lives,” she said.
In 2019, Musco faced liquidation ordered by the National Commissioner for Cooperatives due to alleged embezzlement by senior officials at the time. However, Choge indicated that there are ongoing efforts to revive the society. Committees have been established with specific terms of reference to explore viable revival strategies, enabling members to resume their transactions.
Cheruto’s call for robust cooperative regulations and policies aligns with the county government’s broader vision of fostering a conducive environment for cooperative societies to thrive, ultimately benefiting the local economy and community members.
