Chelugui Challenges The SACCOS To Diversify To Attract Members, Especially The Youth

Cooperatives And Micro Small Enterprises Cabinet Secretary Simon Chelugui Says The Government Is Keen On Leveraging Sacco's To Deliver Services To The Public. Speaking During A Sacco Annual General Meeting In Mombasa Couty The Cs Called On Saccos To Join And Support Plans For A Central Liquidity System For Cooperatives That Will Facilitate Them To Clear Cheques And Borrow From Each Other, Noting That This Would Help Them To Significantly Reduce The Financing Costs If They Join The National Payment System.He Said The Central Liquidity System, If Embraced By Sacco's Will Reduce Their Reliance On Banks For Financing, Cheque Processing And Electronic Cash Transfer.