Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Erick Nyayiera Teachers have been urged to embrace the saving culture and join Saccos so that they are able to reap profits from loans through initiating profitable projects. Kuppet Vice Chairman Julius Korir and Siaya County Director of Teachers Service Commission Samwel Marigat said that majority of teachers have not embraced the saving culture…
By Our Reporter National Co-operative Housing Union Chair Francis Kamande has said that only 16 per cent of urban dwellers own houses while the rest live in rented houses. Kamande said by 2030, at least 50 per cent of Kenyans will be living in towns hence the need to invest in real estate. “In 2009,…
By Kamundia Muriithi A Ward Representative has petitioned the Embu County Assembly to draft a law compelling state security organs to protect dried coffee beans in farmers’ co-operative societies. Ruguru Ngandori MCA Sammy Muturi decried the escalation of cases of theft of coffee from stores at various factories. He said Gakundu Coffee Factory in his…
By Kamundia Muriithi More than 2,000 green grams farmers in Makima area of Embu County have come together to form a co-operative society to help in marketing of the crop following a bumper harvest. They intend to start the co-operative by donating a 90 kilogramme bag of green grams each. A bag currently sells at…
By John Majau Meru County Miraa Sacco has been officially launched. The Sacco will champion the interest of miraa farmers locally and internationally. The society will also enable farmers to save and receive loans for business expansion and financial stability. Speaking in Maua town during the official launching of the Pioneer Sacco, leaders from the…
By Stephen Makabila Major re-organisation has been carried out at the State Department of Co-operatives following introduction of four positions of Senior Deputy Commissioners after the Commissioner’s office was elongated from Job Group S to T. The changes which took effect in January this year are the second after an earlier re-organization at the head…
By Mary Wanjiru Ndung’u Saccos have experienced tremendous growth in channel use over the recent past. A channel is defined as the means through which members can access Sacco products. One key indicator on the importance of mobile and ATM channel uptake by saccos is the fact that Sacco Societies Regulatory Authority (SASRA) in all…
The Government has communicated of its intention to go slow on approving plans by saccos that seek to open the common bond. Common bond is where a sacco recruits members outside its jurisdiction. For instance, common bond occurs when a sacco affiliated to teachers opens its doors to members outside teaching profession. Recruiting members from…
By Munene Maina Loise Methu has come a long way to be at the helm of Nakuru based Cosmopolitan Sacco Society Limited. Initially employed as an office sweeper by this Society, Methu will retire as a Chief Executive Officer of the same organization. Her story is one characterized by steadfastness, patience and focus. She has…
By Azael Masese The Government will soon dissolve more than 5,000 dormant co-operative societies as it seeks to tighten the loose ends in the otherwise vibrant sub-sector. Senior Deputy Commissioner in the State Department for Cooperatives Geoffrey Njang’ombe said that though there are more than 20,000 societies less than a half are active. “We want…
