Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Fred Sitati The much-anticipated turnaround of coffee cooperatives following the introduction of cherry advances to the farmers by the recently created New KPCU continues to elicit mixed reactions from farmers. A cursory assessment shows that the uptake of this facility remains way below expectations despite frantic efforts made by industry players since last year….
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…
By John Majau Cabinet Secretary Margaret Kobia has asked women and youths to apply for loans from the government empowerment funds kitty. Speaking at Kinoru Methodist of Kenya (MCK) Church where she issued Sh9.15million to women groups from the Women Development Enterprise Fund kitty, Kobia said the money will empower and transform the lives of residents….
By Tsozungu Kombe Qwetu Sacco chairman Alfred Mlowa has urged members in the Coast region to embrace a saving culture for better returns in future. Speaking during the Tabasamu Sacco Annual General Meeting (AGM) held at Diani Forest Lodge, Ukunda in Kwale, Mlolwa said regular savings enables members to get bigger loans. Big transactions, he…
By Malachi Motano Small traders in Othaya, Nyeri County have no reason to worry of where to save their hard earned money after they registered a new Sacco. Small intreprenuours and mechanics can now use the Sacco in mobilising savings in the County and beyond. According to the traders Sacco chairman Joseph Wanjohi, the entity…
By Hilton MwabiliMombasa County joint Huduma Cohort Youth Sacco has facilitated credit to small and medium enterprises to empower youth. The umbrella body hosting at least 23 minor youth Saccos says the credit will instil financial liberation amongst young people. With an asset base of Sh35 Million, the lender has partnered with the Mombasa County…
By Asa Maina Nyeri County government will train all cooperative society officials to enhance prudent management in the sector. Last year, the County, the department of cooperative development trained over 800 offficers but Governor Mutahi Kahiga now says the training will be done annually. The 800 board members drawn from all cooperatives were trained last…
By Malachi Motano Agriculture Cabinet Secretary Peter Munya has ordered boards of coffee cooperative societies to allow farmers to borrow from the Sh3 billion coffee advance cherry fund. “It is not right for boards to deny farmers their right by failing to sign forms presented to them.From now on my office will crack the whip…
By Kamundia MuriithiA Sacco in Embu has asked the government to create a fund to support businesses in case of upheavals caused by future pandemics. Focus Realtors Sacco leadership also appealed to various governing institutions to develop measures to relieve the pains of businesses going through hard financial times. The Sacco management recounted that they…
By Tsozungu Kombe Lamu county government has registered two new cooperative societies to serve the transport and fishing industry. Speaking to Sacco review in Lamu town recently, the County Cooperative Auditor, Nickson Baya said they have registered one Matatu Sacco and a Fishermen’s Sacco. He however said Sacco business in the area was negatively impacted by…
