Author Archives: super user

Governor urges Sacco members to repay loans on time

By Godfrey Wamalwa Busia Governor Sospeter Ojaamong has urged Sacco members to make timely loan repayments. This, he said, will boost the institution’s financial base. Governor Ojaamong was addressing members of Malaba Border Riders Sacco recently during a funds drive to support purchase of a mini-bus. He noted that without discipline in lending and repayment of loans most Saccos do ...

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South-Rift Sacco members dwindle as multinationals lay off staff

By Benedicto Ng’etich                          Kericho County Director of Cooperatives Leonard Otii has advised Saccos affiliated to giant multinationals to device other means of survival in the face of dwindling membership. Otii expressed fear over the survival of the societies after the parent companies started early retirements of employees due to what has been seen as the negative effects of massive mechanization ...

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Coffee societies seek waiver as farmers feel the pinch

By Kamundia Muriithi Twenty-four co-operative societies in Embu County are struggling to pay a Sh90 million loan borrowed five years ago to set up a coffee mill that has since stalled. The debt has ballooned to Sh127 million as most societies are unable to service the loan. Each society was to pay Sh3.8 million, while the loan was secured by ...

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CS Munya urged to reinstate Moi University Sacco license

By Wasike Elvis and Rosemil Oduor Uasin Gishu County Executive Committee Member in charge of Cooperatives and Enterprise Development, Esther Mutai, has urged the government to consider revoking the cancellation of Moi University Sacco. She noted it was wrong for the State Department of Cooperatives to revoke the license without following the due procedure. She said that a commission of ...

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Youth, women urged to join Saccos

By Tsozungu Kombe Youth and women in Kilifi County have been urged to join Saccos to improve on their economic status. Speaking to Sacco Review in Kilifi town recently, County Cooperative director, James Mwasi said that negative attitudes towards has denied the groups social and economic empowerment. He urged residents to join Saccos saying they are the best vehicles of ...

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New Bill to better miraa farmers’ fortune

By John Majau Meru County Assembly has passed a motion that will enable the county government to set aside funds to support miraa farming. The motion moved by Naathu MCA Samuel Mutura intends to mainstream activities to add value to the county’s cash crop. The three sub-counties: Igembe North, Igembe South and Tigania East are largely dependent on miraa farming. ...

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Kiambu Support Saccos, Sossion urges teachers

By Felix Wanderi Kenya National Union of Teachers (KNUT) Secretary-General, Wilson Sossion has called upon teachers to support Saccos as they have a huge impact on their economic stability. He was speaking in Kiambu town during the annual general meeting of KNUT Kiambu East branch, where he told the teachers to be loyal to their Saccos. He was reacting to ...

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Fish traders urged to form Sacco

By Washington Okellah Fish traders from Port Victoria town in Budalangi constituency have been urged to form co-operatives that would enable them to access development loans. Speaking after launching a 14 seater Nissan van bought by Maningo Sacco members recently, area MP Raphael Wanjala said Saccos are the bridges that lead to wealth. He lauded the Sacco leadership led by ...

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Kakamega residents urged to form co-operatives

By Andanje Wakhungu Residents of Kakamega County have been urged to form more cooperative societies to their livelihood activities. Speaking during the launch of Machesi Cooperative Society in Mugai /Shirugu ward, cooperative officer, William Muchiti, said cooperative societies was the only way forward for the residents to be able to sustain development in the area. He noted that Central and ...

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Vihiga bodaboda operators to form Sacco

By Rosemil Oduor Vihiga Governor Wilber Ottichilo has supported plans by boda boda operators in his county to form savings and credit cooperative society. Otichillo urged the operators to also engage in other income generating activities like small scale farming ,growing tissue culture bananas, indigenous vegetables, rearing poultry and livestock. He also said his government will financially support the Sacco ...

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