Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Obegi Malack Private security guards will now be able to access cheap credit facility. This is after National Service and Walinzi Sacco Society announced plans to start giving members loans. The Sacco has over 1,000 members. It draws membership from the private security industry, which has over 500,000 employees. The Saving and Credit Co-operative…
By Munene Maina Saccos are increasingly becoming easy targets for cybercrime, a situation that threatens reputational risk of the sector. The Permanent Secretary in the State Department of Co-operative, Ali Noor said cyber-attack was not new in the co-operative sector This followed revelation by Kenya Union of Savings and Credit Co-operatives Managing Director George Ototo…
By Staff Reporter Kenya Police Sacco Society’s financial performance continued to grow on a positive trajectory. According to the Sacco’s Financial Statement for the year ended December 31st 2017, overall asset base grew by 21 per cent, rising to Sh24.2 billion compared to Sh20 billion that was recorded in 2016. Member deposits grew to about…
By Staff Reporter Savings and Credit Cooperatives Societies (Saccos) have been advised to organize themselves to benefit from the government’s blue print projects. Co-operative Commissioner Mary Mungai identified the Government’s plan to construct one million housing units as one where the players can actively participate. Investing in affordable housing units is part of the government’s…
By James Wakahiu Urithi Housing Co-operative Limited will construct 5,000 housing units this year for its members. Urithi Marketing Director Kevin Manjau Muthuri said the initiative will ensure their members get decent and affordable houses and stop living in rental houses. Muthuri said his society will be complementing the Jubilee’ agenda of providing decent and…
By Our Writer TIT Sacco is now Mount Kenya University Sacco, having re-branded. The Sacco that was founded in 2005 has grown and now has over 1,000 members and member deposits in excess of Sh100 million. It was founded by nine staff members of the then Thika Institute of Technology Welfare. The team came together…
By Kage Njoroge A Co-operative University lecturer, Stanley Miring’u has advised the management of Mentor Sacco to be innovative and provide products which will solve problems affecting the people. Miring’u pointed our that to survive in this highly competitive financial sector Saccos must design products which tackle challenges, needs and problems facing the society to…
By Joseph Mukubwa Nyeri County Government has pledged to create platforms to enable knowledge and experience sharing among co-operatives so as to improve the trust and confidence in the sector. Governor Mutahi Kahiga said he has already directed the department responsible for co-operatives to beef up the capacity in terms of human resource charged with…
By James Wakahiu Nyandarua County Government will support the co-operative movements and individual groups through a revolving fund in order to enhance economic emancipation in the area This was revealed by the CEC in charge of Youth Gender and Co-operatives in Governor Francis Kimemia’s government, Muthoni Wamuiya when she represented the Governor in the 42…
By Our Reporter Felix Ochieng has a well cut-out vision on Siraji Sacco’s growth plan. When you meet him, the Chief Executive Officer is crisp, precise and articulate on the strategic development plan for the Sacco he has headed for the last nine years. Clad in black suit, a striped shirt and a matching tie,…
