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Tower Sacco feted as best credit facility provider in Nakuru Entrepreneurs Awards 2023

Tower Savings and Credit Co-operative Society (SACCO) has been crowned the “Best Loan Credit Facility” provider in the Nakuru Entrepreneurs Awards 2023.

The Sacco attributed the victory to its over 188,000 members drawn from various sectors of the economy.

“Thank you for voting, supporting and placing trust in us. We truly appreciate you for choosing to be our loyal members,” said Tower Sacco.

The Sacco loan loans to members increased from KSh 8.09 billion reported in 2021, up to KSh
9.77 billion in 2022, representing a 20.8% growth.

Now in its second year, the Nakuru Entrepreneurs Awards aim to foster competitiveness, excellence, and innovation among entrepreneurs in Nakuru County.

Nakuru Deputy Governor H.E David Kones joined Nakuru’s business community to celebrate outstanding entrepreneurs at the Nakuru Entrepreneurs Awards.

Deputy Governor Kones highlighted the county’s commitment to supporting businesses throughout the value chain.

Collaborating with institutions such as Strathmore University, Nakuru County has implemented Business Development Services for Micro, Small, and Medium Enterprises (MSMEs). These services include entrepreneurship training, business coaching, digital literacy, and financial literacy.

The county also establishes the Management Board for the County Cooperative Fund and County Enterprise Fund.

Through these initiatives, Nakuru aims to provide affordable loans to businesses, enabling various ventures to access subsidized credit without collateral, with the county acting as the guarantor.

Governor Susan Kihika received recognition as a Business Empowerment Champion, while County Executive for Education, Zipporah Wambui, was honored with the Skills Development Leadership Award. The awards ceremony acknowledged and celebrated the contributions of these leaders to business growth and development in Nakuru County.

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