The Kenya Union of Post Primary Education Teachers (KUPPET) has established the first ever Teachers’ Sacco. KUPPET Secretary General Akelo Misori has confirmed that their long awaited Savings and Credit Co-operative (Sacco) is already registered and currently running. According to Misori, the Sacco will be a game-changer for the Union and its over 120,000 members. “
“As a Union we have registered our long-desired Sacco, Walimu Solidarity Sacco, which is already up and running. Creating and launching the Sacco is a real game-changer for the Union,” said Misori.
Creating the Sacco was top in the manifesto of the current National Executive Board (NEB) led by the national chairman Hon. Omboko Milemba, who is also defending his Emuhaya parliamentary seat in this year’s elections, and Secretary General Akelo Misori when they were re-elected for another five .
Akelo Misori, secretary general of the Kenya Union of Post Primary Education Teachers (KUPPET), has announced organization’s long- awaited Savings and Credit Co- operative(Sacco) is already registered and operating
The Sacco, in Misori’s opinion, will fundamentally alter the Union’s relationship with its more than 120,000 members.
“As a Union, we have officially registered the long-awaited Walimu Solidarity Sacco, which is currently operational.
A real game-changer for the Union is the creation and introduction of the Sacco, according to Misori.
The current National Executive Board (NEB) is led by the national chairman Hon. Omboko Milemba, who is also running for re-electionto the Emuhaya parliamentary seat in this year’s elections, and Secretary General Akelo Misori. When they were elected for another five years, creating the
According to the Union’s NEB in their manifesto, the Sacco, which was as a result of converting the Union’s National Governing Council Welfare Fund to a Sacco, will mobilize members’ savings and mark a new beginning for teachers’ empowerment as the Sacco will create a special fund to cushion members during strikes.
Through the initiative, the Union’s efforts to empower its members to withstand strikes by creating investment vehicles to mobilize savings and resources to sustain the Union during emergencies will be supplemented.
“Drawing on lessons from teachers’ Unions in Ghana and Swaziland, KUPPET intends to launch a Sacco wholly bankrolled by the Union. The Sacco will be achieved by the conversion of the National Governing Council Welfare Fund, a process which is already underway,”
The Sacco, which was created as a result of converting the Union’s National Governing Council Welfare Fund to a Sacco, will mobilize members’ savings and signal a new beginning for teachers’ empowerment as the Sacco will create a special fund to protect members during strikes, according to the Union’s NEB in their manifesto
The program will reinforce the Union’s efforts to provide its members with the resources they need to survive strikes by developing investment vehicles that will let savers and resources be mobilized to support the Union in times of need
Based on the experiences of the teachers’ unions in Ghana and Swaziland, KUPPET plans to start a Sacco that will be entirely funded by the union.
The National Governing Council Welfare Fund will be converted to the Sacco, a procedure that is already under progress.
Misori also brought up the Union’s recent progress in implementing institutional capacity, which began in August of last year and aims to provide all union officials and staff with the most up-to-date leadership capabilities.
We’ve held workshops for Branch Treasurers, Assistant Treasurers, and BEC (Branch Executive Committee) members from the Coast, Eastern, and Central Clusters throughout the past three months.
Building Resilience for Future Adaptation: Union’s Perspectives conference, Misori stated, “We have also inducted members of all Union committees, which have all specified the modalities for their operation
All of Misori’s members, including its leadership, were urged to use their current skills to forecast future trends in addition to meeting the demands of the present.
