Bor­row cash from sac­cos to in­vest in busi­nesses, Munya urges youth

The Star (Kenya) - - Counties -

Meru Gover­nor Peter Munya has urged the youth to ap­ply for loans from sac­cos and in­vest in their busi­nesses.

He spoke dur­ing a youth sum­mit in Igembe Cen­tral con­stituency on Satur­day. Munya said, “You can bor­row the loans once you have saved and there­after con­tinue pay­ing. It is payable at an in­ter­est rate of five per cent only. There is no other sacco which gives loans at that rate.”

Each sacco is given Sh67 mil­lion ev­ery year, he said.

Munya urged the youth to avoid idle­ness. “Stop wait­ing to get free items. Free things never do any­thing for you. If you are not ag­gres­sive, you can­not suc­ceed in busi­ness. Don’t start a busi­ness just be­cause some­one else started one,” he said.

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