Sacco to build tea factory in Bomet
A tea growers Sacco has unveiled plans to put up a tea factory in Bomet district. The factory is expected to give KTDA-run factories in the district a run for their money. Sot Tea Growers Sacco is in the process of setting up a private tea processing plant to ease congestion in KTDA-run factories which has become a nightmare for farmers.
The Sacco’s chairman Zakayo Sang said the move has been prompted by heavy losses experienced by tea farmers in the region due to delays in the collection of tea. “Our society has been unable to realize expected recoveries for loans granted for a couple of months from tea proceeds due to losses incurred by. This prompted us to unveil the projected we've been considering a while,” said sang while unveiling the factory's building plans.
Sang said the idea was proposed by the Sacco management and seconded by delegates and staff. He said, the society will partner with ABC bank in the construction of the private tea factory. With more than 10,000 members the society hopes to solicit some Sh20,000 in form of share holding for an agreed contribution before the partner releases the funds for the start of the constructions work at allocation yet to be identified.