Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Malachi Motano Shining Hope for Communities –SHOFCO is a Savings and Credit Cooperative Organisations (Sacco) in Nairobi city informal settlements of Kibera and Mathare. Since its establishment five years ago (August 15, 2015), the Sacco has built its membership base from only 10 members to over 4, 000 today out of which over 3,…
By Sammy Chivanga Trans-Nation (TN) Sacco beat the Covid-19 odds to open new satellite offices in Marsabit and Moyale. The Sacco management said the decision to quickly formulate strategies to navigate the Covid-19 turbulence helped cushion members and also help the Sacco to grow. “The offices are doing very well and we intend to venture…
By John Majau Agriculture CS Peter Munya has urged farmers to take coffee to the New Kenya Planters Cooperative Union (KPCU). He said the government has enforced new regulations for the benefit of farmers by sealing loopholes that existed before. He warned farmers that they will only have themselves to blame if they take their…
By Tsozungu Kombe Mombasa residents have been urged to join Saccos and earn savings that will uplift their living standards. Speaking in Mombasa, the area County Cooperative Commissioner Nelson Nyoro said residents should join the cooperative movement because it plays an important role in development. “Joining Saccos is the surest way to change your lives…
By Erick Nyayiera The Siaya County Assembly has finally passed the County’s Co-operative Development Fund Bill, 2019. The passage of the Bill will pave for the establishment of a development fund for supporting the co-operative sub-sector in the county once it is assented to by the Governor. The fund will assist co-operatives in the county…
By Erick Nyayiera The government has disbursed over Sh370 million to more than 12,000 small scale traders countrywide through the COVID-19 recovery and resilience program. The project coordinator Louis Waithera Kabucho, the money is part of the Sh453 million that had been allocated to support the small scale traders. The project is a partnership…
By Benedict Ng’etich Saving and Credit Societies in Bomet County have been urged to adhere to the recommended key audit ratios if they want to succeed. Bomet County Government auditor K. Kemboi asked local societies to be compliant on recommended key audit ratios of member’s savings. “Some key audit ratios like the retained reserves are…
By Dennis Bett Prime Time Sacco has resolved to open a satellite office at Biretwo trading centre on the Iten-Kabarnet road in Keiyo South sub-county. The decision was communicated recently during the society’s 24th Annual Delegates Meeting (ADM) at Iten School for the Deaf by Sacco chairman Thomas Rotich. He said a feasibility study they…
By Malachi Motano The Nandi Avocado Co-operative Society has signed a memorandum with Sunripe Company Limited to produce and export fresh produce and fruits for farmers. The business will involve production and export of fresh produce, organic vegetables, avocados and a range of frozen food. Members of the society will be assisted to market their…
By Malachi Motano Magadi Sacco has began the journey of ISO 9001:2015 certification process on quality management to enhance its ability to consistently provide products and services. That will ensure that they meet customer and regulatory requirements and to demonstrate continuous improvement. Speaking during the Sacco’s Annual Delegates Meeting (ADM) recently, Sacco Chairman Gordon Opiyo…
