opinion

Membership referral strategies can boost Sacco recruitment

By Mary Wanjiru Ndung’u Savings and Credit Co-operative Society’s (Saccos) membership recruitment is an ongoing process that requires planning and a well thought out strategy. The reasons as to why Saccos need to constantly recruit is so as to grow their membership base, maintain their relevance and strengthen their financial muscle. Recruiting is the lifeblood of membership organizations. Many studies ...

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Why Saccos are critical for the unbanked population

By David Kipkorir. As the country celebrates 95th International Co-operative Day, (locally known as Ushirika Day) on July 1, 2017, Savings and Credit Co-operative Societies (Saccos) continue to play an important role in uplifting lives by providing financial services to many disadvantaged Kenyans as espoused in Vision 2030. Vision 2030 blue print recognizes Sacco societies as important players in deepening ...

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Coop Commissioner: Target youth market or perish

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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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41,000 people join Saccos in Kajiado County

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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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Boresha Sacco targets Sh500 million in shares drive

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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

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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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NewFortis Sacco comes tops at Ushirika

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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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Top Saccos in Kenya listed

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DBy Jackson Okoth It was one of the most gratifying moments as Saccos from virtually all sectors of the economy featured at Uhuru Park Nairobi, to mark the 94th International Co-operatives Day. The event, also known as Ushirika Day, was commemorated in all the counties. There was jubilation, song and dance, each time a society’s name was called to the ...

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Governor to revive Saccos

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By Cornelius Kimbui Machakos County Governor Dr Alfred Mutua has said he will revive Sacco societies. In a speech read on his behalf by the Chief Officer at the Ministry of Tourism, Culture and Sports Kennedy Auma, during celebrations to mark Ushirika Day, the Governor said there is a plan to make sure that Sacco societies in the County are ...

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