Kenya Union of Savings and Credit Cooperative Advancing Financial Solutions for Kenyans

By Strilus Bellbut

The Kenya Union of Savings and Credit Cooperative (KUSCCO) is progressing in its mission to help members address financial challenges through daily savings participation.

Speaking at a recent meeting with ambassadors, Chief Executive Officer Dr. Julius Odera emphasized their commitment to leveraging the cooperative model to benefit members. "Our goal is to equip our members to trade effectively," Dr. Odera stated.

KUSCCO, an associate of KUSCCO Limited, has the mandate of providing comprehensive housing solutions to Kenyans. Dr. Odera urged attendees to consider early investments. "I am requesting everyone to start early investments," he said, addressing potential members in Kakamega.

Dr. Odera further encouraged members from the Western region and across the country who haven't joined the KUSCCO housing cooperative to take action. 

"The prices of various food commodities have risen, making it difficult for Kenyans. Many are struggling to afford even one meal a day due to school fees. Please, let's invest," he urged.

He also advised the youth to seize the opportunity to invest in land. "With the rising population, I call on the youth to join the KUSCCO housing cooperative to own homes and secure properties for the future. Our land sizes are shrinking, yet we need to eat daily," Dr. Odera explained.

Echoing these sentiments, Mrs. Dianah Aliunya, a counterpart in the organization, highlighted their three-stage approach to improving living standards. 

"We focus on home buying, construction financing, and house completion, supporting unfinished buildings which can be rental houses or homes," she said.

Additionally, Mrs. Aliunya noted the minimal security required by KUSCCO. 

"The qualifications include a registration fee of Ksh 3000 and a land title deed. For those without a deed, a lease agreement of up to ninety-nine years is acceptable," she explained.