Kenya National Private Security Workers Union (KNPSWU) has launched Walinzi Savings and Credit Cooperative (SACCO), which targets to empower security workers economically across the country.
This comes after the union’s attempt to force the Private Security Regulatory Authority (PSRA) to impose the gazetted minimum salary of Ksh 30,000 was unsuccessful.
Security personnel can now access banking services through a partnership between Walinzi Sacco and the Kenya Commercial Bank.
Speaking during the launch, KNPSWU secretary general Dr. Isaac Andabwa urged all security guards to join the Sacco in order to get economic empowerment.
Andabwa also warned security guards against joining more than one Sacco, which is prohibited by the Sacco Societies Regulatory Authority (SASRA) and risks losing their savings through fraudulent and unreliable investment schemes.
The secretary general stated that they had obtained approximately Ksh 1 million by collaborating with KCB, which will go a long way towards improving the welfare of security guards in the country.
National Service and Walinzi Sacco Society Limited was established on January 27, 2017 under the Cooperatives Societies Act Cap 490, and currently has over 700,000 members from Kenya’s private security sector.
