Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Young traders in Embu County have been challenged to form or join Saccos to qualify and access loans to enable them upgrade to become entrepreneurs. Embu County Director of Cooperatives David Muriuki cautioned the traders against underestimating the financial resources they mobilized daily, further urging them to save at least Ksh20 daily. “Saving in Saccos…
The Commissioner of Cooperatives David Obonyo has warned management of Saccos against diverting members’ deposits to non-core businesses. He expressed concern over the rate at which some Saccos were investing members’ funds in projects such as land buying. “Do not engage in non-core businesses at expense of members’ funds,” he cautioned. The commissioner said stern…
Teaching is no doubt Martha Cheboi’s first love. You can easily tell that from her dedication to her pupils. But Cheboi discovered early in her teaching career that her big heart can accommodate more than one passion. When she was posted to Kotilion Primary School immediately after college, the idea of keeping poultry to make…
Jane Maina, a mother of two, joined Mentor Sacco two decades ago. She shares her story on how the Sacco came to her rescue when she was first employed and transformed her life with our writer. Jane Maina was excited when she was hired by the Teachers Service Commission two decades ago. Her happiness was, however,…
Driven by a passion in dairy farming and a clear vision on the future he desired, Samuel Kariuki used his meager savings to buy a cow. For the farmer from Runyenjes area of Embu County, that cow was a disappointment as it was a low yielding breed that could hardly produce five litres in a…
Hell broke loose during Sunrise Dairy Cooperative Society in Butali Chegulo ward, Malava constituency annual general meeting after members protested and called for the immediate arrest of staff and individuals who purchased their products and have refused to pay a debt amounting to Ksh218, 000. The members unanimously agreed to surcharge the debt to the…
Over the last few years, several Deposit Taking (DT) Saccos have opened new branches in major urban centres across the countries. Kirinyaga based Bingwa Sacco has opened a new branch in Kitengela. Jane Mugoh, former Bingwa Sacco CEO, said they have been expanding to urban areas so as to get more members. “We have saturated…
In his lifetime, Symon Mburia has taken a leading role in transforming the co-operative movement in the country. He has taken part in drafting and formulating major polices governing the co-operative movement, and also ensuring that the co-operative movement is managed professionally through his leadership in the newly formed Kenya Society of Professional Co-operators (KSPC)…
Kilifi County boasts of having many cooperative societies thanks to Morris Mangi, who is credited to the proliferation of cooperatives in the region having planted the seed over three decades ago. Mangi initiated the formation of Kilifi Multipurpose Cooperative Society, now called Magarini Sand and Harvesting Cooperative Society, in 1990. He also formed Malindi Biashara…
The turnaround of coffee cooperatives following the introduction of cherry advances to the farmers by New KPCU, a state corporation, elicited mixed reactions from those expected to benefit from the proposed interventions. A cursory assessment shows that the uptake of this facility remains way below expectations despite frantic efforts being made by industry players. I…
