AFC Leopards lauches Sacco
Ingwe becomes the second team in Kenya to launch a Sacco for players and fans, after K'Ogalo
AFC Leopards became the second team in Kenya to form a Sacco which is aimed at improving the investment goals of current and former players and fans.
The club held a launch ceremony on Wednesday night at the Railways Club to join Gor Mahia who also own a Sacco.
The target clientele for the Sacco is both current and former players at the club as well as fans, supporters and any other stakeholders. The members of the Sacco will have a chance to save money, borrow and invest as well as enjoy group medical cover.
In the ceremony that was attended by the Devolution Cabinet Secretary Eugene Wamalwa, the Sacco Chairman, Mr Maurice Osundwa, pegged the minimum remittance for the members at KES 500.00. He also said that the organization will secure medical covers for former players and club legends to help them reduce costs when the need arises.
“AFC Leopards Sacco members will be able to access business credit, emergency, school fees and personal loans. 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,” Osundwa said
Eugen Wamalwa donated KES1m while lauding the Ingwe community for the initiative. He urged them to be transparent and accountable as well as show a high level of integrity. He then took to social media to thank the legends on the initiative.
"It was a great honour to be with soccer legends during yesterday's evening funds drive towards @AFCLeopards Supporters Savings and Credit Co-operative Society Ltd," read Eugene's tweet.