• Friday, 14 June 2024
Sacco members asked to be vigilant in running of operations

Sacco members asked to be vigilant in running of operations

Savings and credit cooperative members have been urged to be more vigilant on the running of their business by actively taking part in key decision-making.

Sacco Societies Regulatory Authority (Sasra) CEO Peter Njuguna told the 15the annual general meeting of Acumen Sacco, based in Ongata Rongai, Kajiado North.

He said as a cooperative’s business grows and gets more complex, “the more members must purpose to attend AGMs as their presence and voice are important”.

“As Sacco’s deposits grow, more branches are opened, staff increase and costs go up and this is the time when members should be more vigilant to check management challenges,” said Mr Njuguna.

“Member apathy is a real issue in Saccos as it breeds complacency and this is tragic. As a member, you determine your Sacco’s destiny.”

Njuguna who was speaking at the Catholic University auditorium reminded Sacco members that their general meetings were an opportunity for them to hold their elected leaders to account.

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