Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Boniface Mulu A teaching expert, Stephen Munyoki Kioko was laid to rest on Saturday, September 18, 2021 at his Mulundini Village home in Mutuni, Kitui County. Kioko, who started his career in 1957, died of diabetes and hypertension complications on Saturday, September 11, 2021, aged 85. The late was born on January 21,…
Vitalis Peter Lukiri, the long-serving National Chairman of Afya Sacco has died. Family sources told Sacco Review that he passed on at Nairobi Hospital on Wednesday night after a short illness. He will be remembered for steering the Sacco to become one of the leading Tier 1 co-operative societies in the country. The late Lukiri…
By Fred Sitati Annual general meetings remain the single most important occasions in the calendar for all cooperatives. They afford the ordinary members the opportunity to exercise their democratic rights and supremacy including limited to electing their leaders. It is at the AGMs that members have the opportunity to receive the statutory annual audited accounts…
By Sammy Chivanga Savings and Credit Cooperative Organizations (Saccos) members tapped Sh54.19 billion additional loans last year on the back of coronavirus disruptions that hurt incomes for households. The new credit saw the loan book of Deposit-Taking (DT) Saccos rise by 13.41 percent to Sh473.74 billion from Sh419.55 billion, being the fastest jump in four…
By Sammy Chivanga Savings and Credit Cooperative Societies (Saccos) are recording a sharp rise in demand for development loans after the Covid-19 slump. Most Saccos are now happy that members have emerged from the Covid-19 morass that had left the cooperative movement with a lot of liquidity. The demand for development loans is in sharp…
By Sammy Chivanga The number of dormant members in the Savings and Credit Cooperative Societies (Sacco) has risen by 79.55 percent to 1.37 million on increased job cuts and delayed salaries from struggling entities. The increase in dormant membership is the fastest in recent years and came on the back of economic fallout that hit…
Fredrick Odiero The Kisumu County Government has called upon youths who are engaged in various enterprises to form Savings and Credit Cooperative Societies (Saccos) in order to advance their activities. The Director of Co-operatives, Trade and Enterprise Susan Kanga said Saccos when formed will ensure youths borrow credit and other facilities from the government. Addressing youth…
By John Majau Security agencies in Meru County have raised an alarm after three coffee factories lost more than 360 bags of coffee valued at Sh5.8 million in the last six months. Police now suspect insiders could be colluding with criminals to have the coffee stolen. This is because most of the incidents are said…
By Tsozungu Kombe Cassava farmers in Malindi sub county in Kilifi county have been urged to form groups in a bid to secure loans from MicroFinance Fund from the Kilifi county government to bost their farming activities. Speaking to Sacco Review in her office in Malindi town recently, Malindi sub county Co-operative Officer, Mrs Flister…
Fredrick Odiero The Kisumu County Government has called upon youths who are engaged in various enterprises to form Savings and Credit Cooperative Societies (SACCOS) in order to advance their activities. The Director of Co-operatives, Trade and Enterprise Susan Kanga said Saccos when formed will ensure youths borrow credit and other facilities from the government. Addressing youth…
