The Baptist Convention of Kenya (BCOK) churches in the Mt. Kenya region officially launched their Savings and Credit Cooperative Organization (SACCO) in a ceremony attended by BCOK President Rev. Bernard Obuya and several political leaders.
The newly established Mt. Kenya Baptist SACCO has already attracted over 500 members, with one of the key features of the SACCO being its competitive loan interest rate of 1% per month that stands out as a favorable alternative to other lending platforms in the region.
Chuka/Igambang’ombe MP Patrick Munene, who serves as the Patron of the SACCO, praised the initiative, highlighting its potential to empower church members economically.
“You can lead people and do a lot for them in terms of development and opportunities, but the most important thing is to empower them to sustain and develop their lives independently. This SACCO aims to achieve that,” MP Parto remarked.
Tharaka-Nithi Woman Representative Susan Ngugi, who was also in attendance, commended BCOK for their transparency and accountability, qualities she believes will attract more members to the SACCO.
“I congratulate you on establishing this SACCO. It is without a doubt that the transparency and accountability with which the church is run will draw people to join,” Ngugi said. She further emphasized the need for stable leadership in the country to ensure the success of such projects.
“If we have a stable economy in the country, projects like this SACCO will thrive,” she added.
The event also featured the swearing-in of newly elected officials to oversee the operations of the Mt. Kenya BCOK. During the ceremony, clergy members were urged to enroll in accredited theology courses to comply with government regulations.
“When selecting institutions that offer theology courses, ensure they are accredited. There are some institutions that need to be investigated because they are offering these courses illegally,” Ngugi warned.
The event was also graced by Deputy Governor Wilson Nyaga Muisrael and Woman Representative aspirant Diana Mbuba.
