Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Malachi Motano Kakamega based Invest and Grow (IG) Sacco disbursed Kshs. 1.1 billion last year in the 2020 financial year to raise the loan portfolio to Kshs. 5.8 billion “We managed this after a review of our products where we extended repayment schedules, introduced mobile loan products and multiplier ratios,” said Sacco chairman Kennedy…
The Covid-19 pandemic and its disruptions have introduced a new way of life not only at the individual level but also in business operations. Virtually every sector of the economy has been affected. This has essentially changed human and consumer behaviour and has further led to a great shift in priorities and preferences that we…
By Kage Njoroge The Amica Sacco debt recovery unit collected Sh105 million by end December last which risked being lost as bad debts. The unit was created to go after loan defaulters and ensure the stability of the Saccos business. Amica Chief Executive Officer (CEO) James Mbui says the debt recovery unit which was charged…
By John Majau The government will soon conduct a census of dairy farmers and their livestock in the country for better planning. Agriculture Cabinet Secretary Peter Munya said the collection of data which the ministry will undertake in collaboration with the county governments will help in mainstreaming the dairy sub sector. Speaking at a local…
By Malachi Motano Over 200 small scale traders in Busia are now benefiting from from ‘County Trade Revolving Fund’ meant for economic empowerment. According to Governor Sospeter Ojaamong,’ 220 traders benefited from from the fund and encouraged others to take advantage of such loans as their terms are friendly. “The loan has friendly interest of…
By Malachi Motano A Murang’a based Sacco has embraced various digital platforms to avoid loses occasioned by the outbreak of Covid-19. Amica Sacco started to introduce its members to several digital platforms since the beginning of last year. The Sacco’s Chief Executive Officer James Mbui said digitization helped customers transact businesses without much movement. Restriction…
By Malachi Motano Michael Ochieng and his partner Esther Omcheni have co-owned Afritech, a print media investment since 1997 but the fortunes improved after the joined Universal Traders Sacco (UTS). They shared the sweet journey they have walked with UTS since they became members three years ago. “I came to know of the Sacco through…
By Correspondent Kwale County Cooperative Director, Ms.Levina Lenjo has retired from the public service after attaining the retirement bracket age of 60 years. The Matuga Sub-County Cooperative Officer, Mr. Mohammed Mkanga has been appointed by the Government as her replacement in an acting capacity
By John Majau Small businesses are set to benefit from affordable low interest loans under a post-Covid-19 recovery strategy that was launched by the Meru County government recently. Meru Governor Kiraitu Murungi said small holder businesses will access loans ranging from Sh2000 to 30,000 through mobile app dubbed ‘Sacco-Benki’. He was speaking at an event…
By Amoto Dennis The Garissa County Cooperative Officer Samuel Karanja has made a passionate appeal to youth and women in the areas to form cooperative societies in order to uplift their living standards. Karanja told Sacco Review that the government has set up a sharia compliant regulations for Muslims in the banking sector. He added…
