Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Fred Sitati The treatment of member’s shares in Saccos has remained both contentious and emotive because of limited understanding of how members’ shares should be treated upon cessation of membership. That not only confuses ordinary members but also some of their leaders including those engaged in Sacco education and training. It will be recalled…
By Isaac Biwott The Trans Elite County Teacher’s Savings and Credit Cooperative Society in Nandi County is back to its former glory after settling an off-shore loan owed to Oikocredit International. The International micro-finance company of the Netherlands had been approached by the then Nandi teachers Sacco seeking a loan of Sh65 million in a…
Fredrick Odiero He served in various capacities as one of the dreaded youths and party operative for many years. Some of the roles he undertook included gathering intelligence information as an advance team before feeding proponents with the same information before they could finally strike at enemy positions. But Tom Obengo who is today a…
By Isaac Biwott The Trans Elite County Teacher’s Savings and Credit Cooperative Society in Nandi County is back to its former glory after settling an off-shore loan owed to Oikocredit International. The International micro-finance company of the Netherlands had been approached by the then Nandi teachers Sacco seeking a loan of Sh65 million in a…
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 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 Our Reporter Despite the stellar performance of the Deposit Taking (DT) Saccos during the troubled 2020 financial year, Sacco regulator SASRA blames perennial delays in remittances of statutory deductions for topping the list of un-warranted challenges that hamper the growth and development of the societies. According to the SASRA’s 2020 Sacco supervisory annual report,…
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…
