Author Archives: admin

BARINGO: Boresha Sacco trains members on products, entrepreneurship

Participants keenly follow proceedings at Tenges
educational meeting.

By Enock Kipturgut Boresha Sacco members have a reason to smile fol- lowing the management’s educational cum interactive meetings aimed at keeping them a breast with the Sacco’s new products and ser- vices and the emerging trends in the Cooperative movement. The members lauded the Sacco for organizing the meetings saying they served as an eye opener. They said they ...

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Vision Africa Sacco launches ATM services

Peter Kirugu formally launches Vision Africa Sacco ATM Services . Looking on
is Alice Maringa, Co-op Bank Nakuru branch Manager.

By Wesley Ken Vision Africa Sacco Ltd has launched ATM services to ensure efficient and effective de- livery of quality products and services to members. It unveiled the services in a colourful ceremony that was graced by Co-operative Bank’s Head of Sacco banking Peter Kirugu among other top officials of the bank in Nakuru County. The Sacco Chairman Joseph Mugere ...

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Coop Commissioner: Target youth market or perish


Gichuki also asked Saccos to incorporate youth and women in their leadership structures as a way of boosting membership from these two groups. Speaking during an Exclusive interview with the Sacco Review, Gichuki further called on County governments to maximize their support to cooperatives in their respective counties. “We know most Saccos have rebranded but by the law, they remain ...

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Others fear holding up funds in investments


UN Sacco, one of the most liquid in the industry, has also decided to play safe. “Our investment wing is still a baby. So what we concentrate on is buy land on behalf of the members. We then seek out those interested for them to contribute and acquire the plots. We do not commit Sacco funds but put out an ...

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41,000 people join Saccos in Kajiado County


By Isaac Lenkou The Kajiado County Government has disclosed that over 41,000 people have joined Co-operatives in the last three years. The Societies transaction total business worth Sh 470 million. “I commend efforts undertaken by Co-operatives to improve the livelihood of people in Kajiado County,” said Paul Ntiati, Deputy Governor, Kajiado County during the 94th Ushirika Day celebrations. According to ...

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Kakamega: IG Sacco beats worthy competition to take crown


IG (Invest & Grow) Sacco formerly Kakamega Teachers Sacco is the 2016 best overall Sacco in Kakamega in the International Day for Cooperatives after scooping seven awards out of the possible sixteen. Western Shuttle settled for the first runners up position with four trophies to their name. On the lowest expenditure Sacco category, IG (Invest & Grow) Sacco took the ...

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Boresha Sacco targets Sh500 million in shares drive


By Jackson Okoth Boresha Sacco Society Limited with its headquarters in Eldama Ravine has begun selling shares to its members. The Society aims to raise a minimum of Sh500 million but has set a maximum target of Sh1 billion, depending on the response of its members. The exercise is aimed at raising share capital, develop more long term lending products, ...

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Kirinyaga Butchers feted for being Highest Savings rural Sacco


By Ken Ondieki Going by Kirinyaga Butchers Sacco Chairman, Christopher Muthigani, butchers are the most trusted people in the world. He is a firm believer in this and firmly believes that the only way for his Sacco is up. Thus, the Sacco’s prospects will soon hit the skies. The Sacco scooped the Rural Sacco with highest savings per member award ...

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Treasury seeks to protect Saccos offering banking services


By Jackson Okoth Only Savings and Credit Co-operative Societies licensed to take deposits from the public will be allowed to use the acronym Deposit Taking Sacco Society (DTS). This is to differentiate them from other Saccos and to provide legal restrictions for the usage of this acronym by other non-deposit taking Saccos. Presenting the 2016/17 Budget Statement to the National ...

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NewFortis Sacco comes tops at Ushirika


By Joseph Mukubwa New Fortis Sacco, formerly known as Nyeri Teachers Savings and Credit Co-operative Society, emerged the Best Managed Co-operative Nationally at the Ushirika Day gala night, a ceremony that was recently held at Safari Park Hotel in Nairobi. It also won the award for Best Managed Teachers Sacco and trophy for Best Banking Services in the Teachers Sacco ...

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