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Excited youths after acquiring boda bodas through qwetu sacco loans and below: sacco microcredit manager Davis Mshighati
Excited youths after acquiring boda bodas through qwetu sacco loans and below: sacco microcredit manager Davis Mshighati
Excited youths after acquiring boda bodas through qwetu sacco loans and below: sacco microcredit manager Davis Mshighati
Excited youths after acquiring boda bodas through qwetu sacco loans and below: sacco microcredit manager Davis Mshighati

Excited youths after acquiring boda bodas through qwetu sacco loans and below: sacco microcredit manager Davis Mshighati

QWETU SACCO BODA BODA LOAN FACILITY A MAJOR BOOST TO TAITA TAVETA YOUTHS

 

Qwetu sacco’s loan facility targeting boda boda businesses and especially among the youth has received accolades from Governor Granton Samboja.

The governor says youth enterprises should be boosted to create job opportunities instead of fighting for white collar jobs, citing the Qwetu  sacco boda boda loans as one of them.

According to the sacco micro- credit manager Davis Mshighati, in 2018 the sacco set aside more than Sh 32 million for boda boda and other loan facilities.

According to the annual sacco report read out to delegates during the saccos special delegates conference at Vacani hotel in Voi in October last year, the sacco issued out more than Sh 1.28 million for the boda boda loans between January and September last year.

Governor Granton Samboja in particular commended the activities of Makandenyi youth group that is composed of 21 self employed bodaboda riders. The group was formed last year by members who wanted to break away from being hired.

According to group Chairman Mr. Justus Kiungu, the group registered slightly over 100 members before a bigger number withdrew their membership due to fear of the unknown. He says that they bought shares at Qwetu SACCO worth ksh. 425,000 in savings.

"With our savings we brainstormed and found it wise to use the money to uplift our lives as a group instead of sub dividing it amongst group members," explained Kiungu.

Members then worked towards purchasing a motorcycle for each member.

"In November 2017, we sat down and wrote a proposal that we forwarded to Qwetu SACCO to help finance the group to achieve our vision. We were given ksh.715,000 shillings that we used to buy motorbikes. After demonstrating commitment towards servicing the loan, earlier this year, we were awarded another ksh. 850,000. With the ksh. 1.5 million received, we have been able to buy 13 motorbikes," he added.

According to Mr Davis Mshighati the group has been depositing ksh. 61,000 monthly to service their loans.

The group now focuses on purchasing a matatu in the near future as they embark on breaking the "we cannot attitude" that has held back most of the people. The group is also ready to pay revenue to the county government.

Speaking in Wundanyi when he met members of the group that had paid him a courtesy call, Governor Samboja said his administration will help the group to achieve its ambition.

"I am impressed by how this group is organized. We want to use this group and Youth Bunge SACCO from Taveta as a good examples to help inspire the youth to not only form groups, but also stick to the main agenda of the group which will in the long-run promote self employment. My administration will support ambitious youth to achieve their goals and this will not only go to these two groups but to any other group that will demonstrate they can," said the county boss.

He said that he will use the  per cent public procurement rule that sets aside a portion of county tenders and contracts for youth, women and people living with disabilities.

He added that once awarded the tenders, the youth can write proposals to the available financial institutions to finance their projects.

"I would recommend our groups to work with local financial institutions that are ready to give a helping hand. Our very own Qwetu SACCO has helped Makandenyi youth group with ksh. 1.5 million within a duration of 6 months, it means in a year a group can access up-to ksh. 3 million that can finance implementation of tenders that the youth are awarded by the county," observed Samboja.

The Governor also pledged Sh 60,000 to help the riders acquire driving licences.

Youth, Sports, Gender, Culture and Social Services CECM Mr. Bigvai Mwailemi advised the youth in groups to remain committed, passionate and disciplined for growth of their respective groups.

He said after achieving group goals, members should device for a way that can help support individual members achieve personal goals.

 

 

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