By NDUNGU GACHANEMore by this AuthorMurang’a Governor Mwangi Wa Iria has advised savings and credit co-operatives (saccos) across the country to put more emphasis on investments rather than just offering credit services to their clients. This, he said, will ensure that the saccos do not collapse as has been witnessed with some in the past. Related Content Mt Kenya musicians now end wranglesReferring to his brainchild outfit, Murang’a Women Sacco, which built a Sh100 million hostels block near Murang’a University of Technology, Mr Wa Iria said the women are now getting Sh1 million rent monthly. PROJECTS“These are income-generating projects which saccos across the country should focus on instead of lending money, which creates mistrust and enmity upon the collapse of the societies,” he said. In January, the artists launched the sacco and received over Sh2 million boost from leaders, among them Mr Wa Iria, Nominated MP Maina Kamanda and President Uhuru Kenyatta.

Source: Daily Nation April 18, 2019 13:00 UTC