PSV Saccos urged to strengthen savings to drive growth

Equity Bank's Director and Head of Retail Banking Carol Rutto said access to credit alone is not enough, adding that long-term growth depends on disciplined saving and prudent financial management...

✨ Key Highlights

Public service vehicle (PSV) Saccos are being urged to prioritize savings and robust financial management to empower members with access to affordable financing, business expansion, and increased incomes. This call comes as NAKKONS Sacco in Othaya, Nyeri County, launched seven new vehicles to modernize its fleet.

Equity Bank is encouraging a stronger savings culture among PSV Sacco members.
Key individuals include Carol Rutto, Director and Head of Retail Banking at Equity Bank, and Timothy Wachiuri, Secretary of NAKKONS Sacco.
The new vehicles acquired by NAKKONS Sacco are expected to significantly reduce operating and maintenance costs for members.

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