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Makueni Hawkers Redefining Wealth Creation By Ordinary Folk

In 2015, the Makueni County Government spearheaded formation of the Makueni Hawkers Sacco bringing together all hawkers based in the county.

The Sacco, with 1,500 members then, was registered in February the same year and awarded two lorries as seed capital to ease transportation of their merchandise and to enhance wealth creation.

With a monthly savings of at least Sh 120,000 a month, and a membership of 2051 as of today, the Sacco has acquired a new lorry, and aims at acquiring three more such that each sub-county chapter has its own.

The new lorry was unveiled on Wednesday by governor Kivutha Kibwana, who pledged his government’s support in the acquisition of the planned trucks.

The Sacco, which has also ventured into loaning its members, had a loan portfolio of Sh 4.6 million as of December 30th 2018 audit report.

The Sacco, according to its leadership, also intends to venture into real estate development and water hawking through purchase of a water bowser as ways of business diversification.

Makueni residents in Mombasa officially unveil investment cooperative

A group of Makueni residents based in Mombasa has now unveiled an investment cooperative to pool resources and create wealth both in Makueni and Mombasa.

The cooperative is the first in the county and the country at large to be domesticated under the devolved system of government.

According to its chairperson Richard Kinovi, the overall goal of the cooperative named MDIMA, is to empower its members and citizens of Makueni socially, economically and create wealth for the county.

The 261- member outfit has so far bought shares worth over Sh 5 Million in the Ene Microfinance and is partnering with the county government of Makueni and other development partners in eradicating poverty, budget making process and projects implementation.

The group is also on the verge of securing a grant of USD 200,000 from USAID Kenya and East Africa to train young people in Makueni and mentor them on life skills in a bid to increase their employability levels.

The co-operative movement in the county has grown tremendously post devolution from 83 co-operatives to 224 as at June this year.

Governor Kivutha Kibwana who graced the launch at Changamwe, Mombasa, Saturday evening lauded the members for exemplary unity of purpose, terming the cooperative a model one in the county.

He urged members of the cooperative to take advantage of the county’s Tetheka fund and any other opportunity that will help them pool resources together for group and individual growth.