Exposed: Divisions in the military over new KDF Sacco

Date:

Reports have emerged of a sharp division in the military over the recent launch of Defence Savings and Credit Co-operative Society Limited (Desacco).

The Sacco which was started with the approval of the Chief of Defence Forces General Samson Mwathethe has caused major divisions within the military after some KDF members raised questions on why they are being forced to join the new Sacco yet they are members of other Saccos like Harambee Sacco, Muhasibu Sacco, Stima Sacco, Mwalimu Sacco and Metropolitan Sacco respectively.

According to sources within the military, the soldiers who have taken loans from other Saccos are now at loggerheads with their employer since they are being forced to join the said Saccos and repaying with the newly launched Desacco, where it’s eagerly awaited on how the members will service their loans in previous Saccos now that they are being directed to join the new outfit.

We have also learnt that the KDF soldiers are not happy with the monthly share contributions deductions which the KDF bosses have forced the junior military officers to pay.

144 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here


Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Safaricom Ordered to Pay Sh1.4 Billion After Court Finds Telecom Giant Copied Teen Wallet Idea

Kenya’s corporate giant Safaricom PLC has suffered one of...

Co-op Bank Pushes Geothermal Financing Agenda at 2026 Energy Conference in Nakuru

Co-operative Bank of Kenya has reinforced its commitment to...

Aviator Mania Raises Tough Questions About Gambling Regulation in Kenya

Aviator Faces Growing Calls for Shutdown as Questions Mount...