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Citizen Weekly

Sunday, 27 July 2014

SIAYA WOMEN TOLD NOT TO FEAR LOANS



Siaya Township  rep James Otare has called upon women in town to embrace business and open accounts with the Kenya Women Finance Trust to enable them enhance their savings and economic base to accelerate development in the area.


Speaking during the launch of KWFT in Siaya town, Otare said that business operations have been growing rapidly due to loans given by banks to improve the economic enterprises and other business in the area.
He noted that Siaya town has been prone to insecurity whereby boda boda operators have been the target of hijackers of their motorbikes.

“We have received calls from the boda boda operators asking the security to help them curb rampant confiscation of their motorbikes,” said Otare.

He called upon the security organs in the town to render security services to the people of Siaya.
The MCA said that business would grow in Siaya town do the installation of solar lamps that are encouraging the late business operations.

He challenged KWFT to reduce its interests to enable women borrow loans.
Meanwhile, KWFT general manager of Western Kenya Penninah Mwangi said that they decided to open the branch in Siaya town to ease the services of their customers in the entire county.
The manager challenged women with small scale business to join the bank to serve their interests and spread their wings.

Mwangi said that the bank allows joint account opening whereby couples can open the account with them.
The manager advised women that the foundation of the development is to borrow loans and they should not fear to apply for loans from the bank to uplift their business and living standards.