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Bodaboda riders urged to join Cooperative Saccos for business growth

Bodaboda riders in Turkana County have been urged to register their associations into cooperative societies to benefit from the immense opportunities for business growth available for such entities.

During a workshop held in Lodwar County Executive for Trade, Enterprise Development, Cooperatives, Youth and Gender Affairs, Elizabeth Loote outlined the financial and economic benefits of joining the SACCOs.

The CEC cited access to enhanced credit services in terms of bigger loans and manageable repayment installment schedules from commercial banks and Government-backed schemes.

Ag. Chief Officer Mark Amiyo, informed the bodaboda leaders that there had been previous talks with the governor about how to elevate the county’s bodaboda riders, mama mboga and other MSMEs to improve their financial status.

He urged operatives to register with Saccos for good access to county cooperative loans.

Chief Amiyo said that similar engagements with bodaboda riders would continue in a bid to woo them into joining existing Saccos or form new ones citing that the County was ready to support the initiative as a means of promoting compliance to NTSA Act 330 of 2012.

 

By Peter Gitonga

 

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