NYS has helped youths save Sh1.5bn - Ministry

NYS has helped youths save Sh1.5bn - ministry

The NYS has helped youths save Sh1.5 billion through 349 registered SACCOs, the Public Service ministry said yesterday.
Another Sh1.4 billion has been disbursed to 286 SACCOs countrywide through the youth empowerment programme.
“The remainder - Sh99 million - has been set aside for 63 SACCOs, 44 of which are in the process of registration with the State Department,” the ministry , headed by CS Sicily Kariuki (pictured), said in a statement.
Once registered, the SACCOs will qualify to open bank accounts.
The Youth Empowerment Project was launched in September 2014.
The six-month programme involves the recruitment of youths in national and community service at the constituency level for Sh521 in a day. The ministry deducts Sh50 for lunch daily and Sh141 for SACCO savings for each beneficiary. “Upon successful completion of the programme, funds set aside for SACCOs are channeled directly to the beneficiaries’ bank accounts,” the ministry said.
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ISO 9001

KUSCCO QUALITY POLICY

We commit to consistently promote SACCOs through advocacy and provision of quality technical and financial products that exceed the members’ expectations.
We shall comply with the statutory requirements and actively pursue continuous improvement of the ISO 9001:2015 Quality Management System (QMS) processes, capabilities and effectiveness.
In pursuit of our commitment we shall ensure that the quality policy and objectives that have been established and communicated to the Union employees shall be reviewed annually in accordance with the stipulated framework and quality standards.”