Nyota Njema Real Estate has formalized the launch of its new branch, Kikwetu Savings and Credit Sacco, which is an initiative aimed at empowering members through organized saving and investing opportunities that are meant to foster financial stability in the long run.
Speaking during the launch, Kikwetu Sacco Chairperson Catherine Waithera Kariuki highlighted the importance of disciplined saving and pointed out that significant financial growth is only possible through consistent and well-planned savings.
According Waithera, Sacco is a system that combines elements of empathy, soundness of the plan, and community upliftment through sustainability.
“Kikwetu Sacco is not simply another savings platform; it is the way to freedom and respect, particularly for the Kenyan diaspora and young entrepreneurs,” she said. Waithera was of the opinion that members will be able to avail loans worth three times their savings for investing in land, starting businesses, or as a source of funds for the realization of other development objectives.
She stated further that this will be added to financial literacy programs and a lively community network that will support the growth of members.
The CEO of Nyota Njema Real Estate and Sacco Patron, Perminus Kariuki encouraged the youth especially the Gen Z entrepreneurs, to take up structured savings models as a basis for their financial independence.
He also urged the members of parliament to come up with regulations that would ease the provision of credit facilities and the accessibility of loans to small and medium enterprises at low costs. The CEO explained that these measures are crucial in driving economic growth.
With the establishment of Kikwetu Sacco, Nyota Njema Real Estate is on a new level in its mission to advocate for financial inclusion and community-led economic development.
