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.