President William Ruto on Sunday launched the Akorino Sacco- Nakuru Chapter during their national prayer conference at Nakuru Boys High School on Sunday.
The President went ahead to donated Sh10 million to the Sacco for a start and promised to donate more if the Sacco registers success.
" I told the Akorino sacco-Nakuru chapter to organise themselves well and I linked them with experts in the cooperatives field to train them and I am glad," Ruto said.
"So this is what we shall do, I will help you with Sh10 million for a start and after 1 year come for another 10 million."
However, on the second batch of Sh10 million after a year, the Head of State told the Sacco members they would get the money if they proved that they had put to good use the first donation.
"After one year come for another Sh10 million but getting this second donation will depend on how you've organised the Sacco. If you show good organisation the donation may even be more than Sh10 million," Ruto said.
Ruto further warned the Sacco members to be good stewards of the donations and failure to do so may land them in his bad book.
"If you misuse the money I will come and pinch your ears," the president said jokingly, and urged them to be prudent with the donation by further quoting the Bible from the Book of Luke 16: 10 which states that “If you are faithful in little things, you will be faithful in large ones."
