Nationally, our savings have increased commendably under the National Social Security Fund, rising from KSh312 billion in 2023 to more than KSh700 billion.
Savings and credit cooperative organisations are engines of grassroots wealth creation. Over the years, the cooperative movement has driven agricultural transformation, expanded access to affordable finance, created jobs, supported industrialisation and accelerated the growth of small and medium enterprises.
Launched Shirikiana Sacco at Masinde Muliro University of Science and Technology, Kakamega County. The sacco is already proving to be a powerful vehicle for financial inclusion and economic empowerment in Western Kenya.
Registered only last January, it has already attracted more than 12,000 members and built a network of promoters across 190 wards in Kakamega, Bungoma, Busia, Vihiga and Trans Nzoia counties.
These numbers show the scale and promise of the movement. Across the country, saccos have more than 8 million members and command assets worth over KSh1 trillion.
There's hope for the smallscale coffee farmer in Cheptais Village in Mt. Elgon. That hope is in our plan to put money in a fund to support farmers around the country as we embark on rebuilding our economy from the bottom.