The chairman of the Kitui Teachers Savings and Credit Cooperative Society Limited (KTS), Reverend Augustus Munuve, has said that the Society’s growth remains upward growth and appreciated for remaining loyal by regularly patronizing its products and services.
“At a personal level, the members can confidently say that the Sacco has supported them fully to achieve growth and transformation in various ways. Many have bought the property, built good homes, improved farming or businesses, and even paid school fees,” he said.
He was speaking to the members during their education and training forum held at the Ithookwe Primary School in Kitui Central District on May 14, 2022.
“Compared to other investments, savings in the Kitui Teachers Savings and Credit Cooperative Society are guaranteed of high annual return,” he said. Munuve noted that Saccos are built on common interests to attain maximum members’ benefits.
“Many Saccos are coming to our region and for this reason, we urge our customers to keenly interrogate the information given to avoid making wrong and costly financial decisions,” Munuve said.
He cautioned members against taking loans without any investment plans. “Research has shown that some 90 percent of the members borrow before planning, and use the loan on unnecessary projects and items and then afterward struggle for years repaying the loan they never benefited from,” Munuve said.
The Society’s Deputy Chief Executive Officer Cyrus Mutinda thanked members for coming out in large numbers to be equipped with knowledge and skills that will change their social and economic status in the future.
“A loan is a source of capital, one should have multiple sources of income. This Sacco has given all of you an opportunity to grow yourselves,” said Daniel Githinji, a facilitator.
