Kenya bags Sacco member growth award

By Staff Reporter

Due to its nonpareil promotion for the growth of cooperative
societies, Kenya has earned a global accolade for particularly welcoming close
to one million members in a spun of one year.

In a virtual annual general meeting, World Council of Credit
Unions (Woccu) delegates voted Kenya as an exceptional member that saw it bag
the Member Growth Award.

The fete saw federation of cooperative societies in Kenya
Kuscco Limited group managing director George Ototo returned as Woccu board
member for a two year term.

While addressing the delegates, Ototo said that Saccos
sustain livelihoods of more than 14 million Kenyans who have used the funds to
educate their children, buy lands and boost businesses.  

Korea through its National Credit Union Federation was also
recognized for adding one million members approximately 19.8% increase to the
present 6.1 million members.