Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth It appears that the road for corrupt Sacco officials, who have the habit of dipping their hands into the cookie jar, is nearing a dead end. This is if the Ethics and Anti-Corruption Commission (EACC) makes true its threat to assist the State Department for Co-operatives to conduct a lifestyle audit of…
By Munene Maina Dimkes Sacco posted a strong financial performance for the fiscal year ending 31st December 2018 registering an asset base growth rate of 5.4 per cent to reach Sh1.59 billion. The Sacco, which had positive outcomes in all growth parameters, also recorded increase in members’ deposit to reach Sh1.35 billion in 2018 from…
Defaulters to lose property in stringent loan recovery measures By Jackson Okoth Deposit-Taking Saccos have warned members of stringent loan recovery measures that include use of debt collectors and Credit Reference Bureaus to lock out loan defaulters from accessing Sacco products. The rate of non-performing loans has been on the rise in the Sacco sub-sector….
The Sacco is also set to introduce new products as it seeks to grow business By Wesley Ken Kimisitu Sacco will now offer Front office Services (FOSA). The resolution was unanimously passed by members during the Society’s 34th Annual General Meeting (AGM) held recently at the All Saints Cathedral in Nairobi, elevating the Sacco in the…
