AFC Leopards have become the second team in Kenya to form a Sacco.
This is after the club launched a membership Sacco in a colourful ceremony held at Railways Club on Wednesday night. Ingwe now joins Gor Mahia as among the teams to have own Saccos, which targets players, fans, supporters and other stakeholders.
The Sacco is aimed at providing both current, former AFC leopards players and fans the chance to save, borrow and invest for the future at the same time enjoying group benefits such as group medical cover.
Sacco chairman, Maurice Osundwa said the minimum monthly remittance for members will be Sh500. “AFC Leopards Sacco members will be able to access business credit, emergency, school fees and personal loans.
It was a great honor to be with soccer legends during yesterday's evening funds drive towards @AFCLeopards Supporters Savings and Credit Co-operative Society Ltd pic.twitter.com/7FBAiFvqcG — Eugene L. Wamalwa (@EugeneLWamalwa) July 12, 2018
“In addition, the Sacco will work closely with the club leadership and all stakeholders to initiate several investment projects. We have to hold hands together to improve the financial security of footballers and stakeholders of the game.”
According to Osundwa, his organization will also secure medical covers for club legends thus doing away with fundraisers during their hour of need.
Devolution Cabinet Secretary Eugene Wamalwa, who was the Chief Guest, lauded the entire AFC Leopards community for bringing to reality the Sacco movement and called for integrity, transparency and accountability after donating Sh1million.
Other key political figures, who attended the function are Busia Governor Sospeter Ojamong, Budalangi MP Raphael Wanjala and Kimilili MP Didmas Baraza. The legends present included Joe Kadenge, JJ Masiga, Aggrey Lukoye, Josphat Murila, Peter Lichungu, Mika Amwayi, Mahmoud Abbas, Dan Shikanda, Peter Ouma, Patrick Shilasi, Justus Muhati, Micky Weche, Nahashon Bushuru, Omar Shaban, Ali Kusimba, Nicholas Muyoti and Reginald Asibwa.
In absentia, COTU chief Francis Atwoli sent Sh300, 000 while speaker of the Senate Kenneth Lusaka, Westlands Legislator Timothy Wanyonyi and former Football Kenya Federation boss Sam Nyamweya contributed Sh100, 000 each.