Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Norah Musega Bodaboda operators in Awendo sub county, Migori County have formed an umbrella body to enhance unity among all riders for development purposes. They conducted elections at the sub-county headquarters in Awendo on April 1, 2021 where Felix Otieno was elected chairman and Victor Opuch the secretary. Speaking after elections the officials told…
By Our Reporter The county government of Bomet has constructed a modern sweet potato processing plant in Chepalangu Sub County. The county has under the leadership of Governor Hillary Barchok tapped into the resource to improve the economic standards of area residents The plant which is set to be launched soon will focus on production…
By Aggrey Buchunju Relisa Sacco finally conducted Bungoma branch elections which had been postponed for one year due to the Covid-19 pandemic. Messrs Phillip Amwayi and Ben Watitwa were elected unopposed to serve as delegates during the elections held at Bungoma Railway station grounds. The peaceful elections were presided over by Madisa Barasa from the…
By Malachi Motano The Kenya National Police Deposit Taking (DT) Sacco is projecting a 28 per cent growth in clients and assets in the current financial year. According to the Sacco Chairman David Mategwa, the Sacco plans to expand its asset base to Kshs. 50 Billion after he announced an impressive Sh39 Billion for last…
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…
