Kenyans urged to embrace saving culture

Kenyans have been urged to embrace a culture of saving and investing as a key strategy for reducing poverty and improving household incomes. Speaking during the official inauguration and members’ training of the Malaba Branch of Ports Sacco at the KNUT Hall in Amagoro on Saturd..

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Kenyans are being urged to adopt a saving and investing culture to combat poverty and boost household incomes. This call was made during the inauguration of the Malaba Branch of Ports Sacco, which has already attracted over 700 members.

Busia County faces a poverty index of approximately 70 percent, with Teso North at 64 percent.
Ports Sacco, established in 1966, is a Tier One licensed deposit-taking Sacco with over 20,000 members and an asset base of Ksh12 billion.
Key benefits offered include loans up to five times savings (ten times for teachers), an annual interest of 12.5 percent on deposits, and comprehensive insurance packages.

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