{"id":25731,"date":"2025-01-12T05:08:12","date_gmt":"2025-01-12T02:08:12","guid":{"rendered":"https:\/\/siaya.go.ke\/?p=25731"},"modified":"2025-01-13T09:13:40","modified_gmt":"2025-01-13T06:13:40","slug":"siaya-residents-urged-to-embrace-cooperatives-to-benefit-from-the-cooperative-development-fund","status":"publish","type":"post","link":"https:\/\/siaya.go.ke\/siaya\/siaya-residents-urged-to-embrace-cooperatives-to-benefit-from-the-cooperative-development-fund\/","title":{"rendered":"Siaya Residents urged to Embrace Cooperatives to Benefit from the Cooperative Development Fund"},"content":{"rendered":"

\"\"Siaya Governor James Aggrey Bob Orengo stated that his administration had budgeted for the Cooperative Development Fund, and its disbursement was only delayed due to a lack of proper guidelines. However, he admitted that his administration would soon begin transferring money to the accounts of active cooperatives and Saccos.<\/p>\n

While addressing members during the launch of Kadilong Sacco Society in West Asembo, Orengo said the funds would directly benefit active groups with links to Saccos.<\/p>\n

\u201cI will ensure that Kadilong Sacco, of which I am a member, gets its fair share of the CDF,\u201d said the Governor.<\/p>\n

 <\/p>\n

Orengo emphasised that cooperatives are instrumental in mobilising financial resources and should not be ignored if communities are keen on realising Vision 2030.<\/p>\n

He called on CBOs and other welfare organisations in Siaya County to embrace savings and credit cooperative societies (Saccos) for wealth creation.<\/p>\n

Saccos provide platforms for savings, obtaining loans, and receiving dividends among members. This makes them a good source of funds, and they should therefore be embraced by all.<\/p>\n

Orengo argued that joining Saccos is the best way to transform the livelihoods of Siaya residents.<\/p>\n

\u201cSaccos have enabled people who have embraced them to fight poverty in many families due to the services they provide, and I am equally happy to hear the objectives of Kadilong Sacco,\u201d he said.<\/p>\n

 <\/p>\n

\"\"Speaking to the heart of Siaya residents, Orengo noted that many people in the county have sound business ideas, but the main challenge affecting them is a lack of capital.<\/p>\n

Through the provision of loans and dividends, members are empowered to start and run businesses effectively.<\/p>\n

\u201cOne of the reasons hindering the fight against poverty in society is the failure to save. Let\u2019s save part of any income we get for a better return. The savings will help whenever an emergency arises,\u201d he urged.<\/p>\n

Director of Cooperatives Samuel Wambisa revealed that the CDF currently has a budget of KES 10 million.<\/p>\n

\u201cThe CDF Act and regulations are now in place. We are in the process of securing an agency that will administer the fund,\u201d said Wambisa, adding that Saccos and cooperatives are eligible for the funds.<\/p>\n

 <\/p>\n

\u201cSaccos inculcate the spirit of a savings culture among communities. As Kadilong, we have been running a welfare programme that has helped us give our loved ones a good send-off. We have now come up with a Sacco whose objectives will be to empower our small-scale businesspeople and open channels for the education of our children,\u201d said Kadilong Patron Stephen Auma.<\/p>\n

The Kadilong Sacco aims to provide opportunities for wealth creation by supporting members who wish to engage in diverse business activities.<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Siaya Governor James Aggrey Bob Orengo stated that his administration had budgeted for the Cooperative Development Fund, and its disbursement was only delayed due to a lack of proper guidelines. However, he admitted that his administration would soon begin transferring money to the accounts of active cooperatives and Saccos. While addressing members during the launch […]<\/p>\n","protected":false},"author":9,"featured_media":25732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[95],"tags":[],"class_list":["post-25731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"_links":{"self":[{"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/posts\/25731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/comments?post=25731"}],"version-history":[{"count":0,"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/posts\/25731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/media\/25732"}],"wp:attachment":[{"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/media?parent=25731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/categories?post=25731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/siaya.go.ke\/siaya\/wp-json\/wp\/v2\/tags?post=25731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}