Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter Murang’a Women Sacco expects to generate Sh1 million in rent per month after the completion of a five storey hostel that has cost over Sh100 million. The Sacco which has over 25,000 members started the construction of Muranga University hostels in 2015, two years after it was started. Rose Waithigo, the Sacco…
By James Wakahiu Financial institutions all over the world are crippled by people who secure loan but fail to repay them, Thika West Sub-County Deputy Director of Co-op Development Catherine Mbuki has said. Speaking to members of Urithi Premier Sacco in Thika, Mbuki said defaulters had led to the collapse of many Saccos in the…
By Staff Reporter The Government has officially endorsed the Kenya National Union of Co-operative Staff (KNUCS) and directed all employers under the co-operative sector to co-operate with it. In a letter dated May 4, 2018 addressed to the Co-operative Alliance of Kenya (CAK), the Commissioner of Co-operatives Mary Mungai told employers in the sector that…
By Patrick Odenyo Savings and Credit Co-operative Organizations (Saccos) are warning that the proposed changes in laws governing the sector are likely to stifle growth and put members’ savings at risk. According to Co-operative Alliance of Kenya (CAK) Executive Director Daniel Marube, the proposals contained in the Sacco Societies (Amendment) Bill 2018 will open room…
