Cooperatives are concern about a clause that seeks to bring in social impact members which the alliance argues, creates an avenue to divert member savings into risky investment avenues. The greatest concern is that the special class of members will only vote in matters concerning them and to the exclusion of the rest of the members which is contrary to the one member one vote rule.
Many people refused to put savings into banks which collect millions of public money then organised their own collapse, so as to rob the citizens. Have the cartels found an avenue to infiltrate the cooperatives and destroy them from within? legitimise a terrible thing, through changing an act in the law.
We become enjoined with countries that changed the financial acts of the law, set by forefathers to safeguard the nations, to enable a few commit financial terror, an evil deed on the many. We will become, a pathetic nation.
https://citizentv.co.ke/business/cooperatives-read-mischief-in-proposed-law-change-200599/