2025/26 Annual General Meeting of Mama Milele Sacco

This was an Annual General Meeting for Mama Milele Sacco, Held in the public hall of Gilgil-National Government Constituency Development Fund (NG-CDF) offices. It was noted that the entity had grown immensely, as the statement of financial reserve showed that the SACCO had wealth that accumulated to the tune of Ksh. 7,000,000.

Mama Milele SACCO had equally benefited about 10 groups with approximately 417 members. Their economic activities were funded by loans that were granted by the Sacco, thus, underscoring its critical role in catalyzing economic growth amongst the most vulnerable groups. The Sacco had also offered loans to several people on their individual capacities. It is important noting that the loans were offered on favorable terms such as having low interest rates and longer grace periods. These provisions were crucial considering that Kenya was in a very critical economic recession state. To keep on providing reliable loans to it members, Mama Milele agreed that it had the power to borrow an external debt of up to Ksh. 2,500,000. This was meant to ensure that no one was denied loan provided that he had the potential of repaying.

It was also reported that the Sacco had partnered with The National Agricultural Value Chain Development Project (NAVCDP), which was a viable partnership between the World Bank and the Government of Kenya. This was meant to empower small-scale farmers by enabling them venture into profitable and climate-smart agriculture. Thus, the entity was set to benefit from this program by accessing funds on behalf of these farmers, who were majorly the rural women.

Lastly, Mama Milele Sacco continued to shine, as it was voted as the best performing women’s Sacco in the larger Nakuru County. This demonstrated its continued commitment to empowering people economically and socially with women playing a pivotal role.

2025/26 Annual General Meeting of Mama Milele Sacco

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