A three-day financial literacy and management workshop, organized by Machoge Bassi, Boochi Tendere, and Bose SACCOs, has wrapped up at the Gucha Deputy County Commissioner's Hall in Kisii County.
The event, which brought together SACCO members, management committees, cooperative officers, and financial experts, aimed to tackle operational challenges, resolve member grievances, and outline practical strategies for sustainable growth.
The sessions addressed critical issues, including procurement inefficiencies, financial transparency, and credit policy reforms.
Facilitator Rudia Kwamboka underscored the importance of sound procurement practices, defining procurement as "the process of sourcing goods or services that a SACCO or company needs by finding the best deal, comparing prices, and ensuring compliance with quality standards." She identified common pitfalls in SACCO procurement, such as lack of transparency, conflicts of interest, limited supplier options, budget constraints, weak policies, corruption, training gaps, and delayed deliveries.
