Sacco Review - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Use mobile banking to avoid Corona: Gusii Mwalimu boss

Sacco ReviewAugust 26, 2020August 26, 202005 mins

By Elizabeth Angira Teachers have been urged to do mobile banking to avoid Coronavirus pandemic. This after the teachers have been camping at Gusii Mwalimu Sacco Branch waiting for their dividends on long cues. Speaking in his office, Gusii Mwalimu Sacco Branch, Mr. Charles Omwanza stated that it has become a challenge to handle such huge crowd of teachers who are not adhering to the government …

Saccos in rush for pensioners’ cash

Sacco ReviewAugust 24, 2020August 24, 202007 mins

By Jackson Okoth A growing number of Savings and Credit Co-operative Societies (Saccos) are facing a dilemma. Most are at a loss over how to retain an ageing membership that is fast withdrawing from the society, upon retirement from formal employment. Majority Saccos have no specific financial products or services for their retired members, owing…

Why Kenya’s Co-operative Movement is on upward trajectory

Sacco ReviewAugust 21, 2020August 21, 202008 mins

By Geoffrey Njang’ombe The Co-operative Movement in Kenya has mobilized savings to the tune of Sh776 billion and commands an asset base of Sh1 Trillion. It has granted members loans to the tune of Sh742 billion. This is big achievements for our country and we will continue providing a conducive environment for the growth of…

Acumen rebrands to keep up with business market trends

Sacco ReviewAugust 20, 2020August 20, 202007 mins

By Obegi Malack Acumen Equities Limited launched its new logo to keep up with current business and market trends which will lead to achievement of vision of the company The logo is now the face of the company and connects with all current and future customers. It also attracts local and international business. Julius N…

Young CEO steers growth at Muki Sacco

Sacco ReviewAugust 17, 2020August 17, 202028 mins

By Munene MainaMuki Savings and Credit Cooperative Society, a fast growing rural based Sacco in Kinangop, Nyandarua County is a story that began with the sowing of small but well-selected seed that blossomed into an inspiring co-operative. Muki’s phenomenal growth has been a tale of humble beginnings using members’ own savings, and using members ingenuity to progress…

Bodaboda Sacco that has Deputy President’s attention

Sacco ReviewAugust 11, 2020August 11, 202015 mins

By Obegi Malack Motorcycles are increasingly becoming a popular means of transport for many rural and urban dwellers. However, a National Crime Research Centre (NCRC) report has found that motorbike riders are the leading cause of road accidents, increased crimes, and teenage pregnancies. Many boda boda operators have also become lynch mobs who know no…

Prime Time Sacco out to improve youth, women livelihood as Covid-19 battles economy

Sacco ReviewAugust 6, 2020August 6, 202006 mins

By Dennis Bett Boda Boda operators in Elgeyo Marakwet have received reflectors and face masks from Prime Time Sacco as part of its corporate social responsibility. 13 Boda Boda youth groups benefited. The Sacco has issued more than 100 motorbikes to the youth on loan and plans to ensure that more youth acquire the motorbikes…

Covid-19: WOCCU appoints new committee to identify, share best practices with co-ops

Sacco ReviewAugust 5, 2020August 5, 202022 mins

By Staff Reporter African Confederation of Savings and Credit Cooperatives Chief Executive Officer George Ombado has been named a member of the World Council of Credit Unions newly established Committee. The Covid-19 Response Committee will be dedicated to identifying best practices and strategies that credit unions around the globe can utilize to respond to the Covid-19 pandemic….

Dust to Grass: journey of Neno from welfare to reputable Sacco

Sacco ReviewAugust 4, 2020August 4, 202007 mins

By Kamundia Muriithi A welfare group formed by a few matatu operators in Embu County in the late 90s has grown into one of the largest public transport Saccos in the country. Nairobi, Embu, Nissan Operators (Neno) Sacco is today a formidable and reputable transport based cooperative with a fleet of well managed vehicles in…

Vihiga’s 95 registered Saccos plagued by challenges

Sacco ReviewJuly 31, 2020August 4, 202003 mins

By Our Reporter Vihiga County has well over 95 registered co-operative societies based on agriculture and savings and credit co-operative societies (SACCOs), housing, handicraft, and transport services. These co-operatives are distributed as follows: four dairy, five coffee, 57 savings and credit (Saccos), 12 housing, and 17 other co-operative societies based in the informal economic sector….