Sacco Review

Madison Sacco registers with CRB

By Staff Reporter Madison Co-operative Sacco has registered with Credit Reference Bureau. Thus, members who have not paid their loans for the past 90 days will be listed as provided in the Finance Act 2016. Through a notice in one of the local dailies dated February 16, the society requests those with non-performing loans to…

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Kimisitu Sacco to launch FOSA Services

By Wesley Ken Kimisitu Sacco plans to introduce a Front Of¬fice Service Activity (FOSA) wing to offer basic banking services to members. The front office will enhance efficiency in providing services to its members to meet their banking needs and other financial services which will complement products and services offered by the back office services….

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Teachers told to join saccos

By Achola Mathews Teachers have been urged to embrace the saving culture and join saccos so that they are able to reap big profits from loans and profitable projects. Knut executive secretary Teso branch Deogratius Owaya called on teachers to start saving and investing in projects that will help them in future. Owaya said the…

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WhatsApp Group converted to a Sacco to empower members

By Godfrey Wamalwa Founder members of a Busia WhatsApp Group have created history by converting into a Savings and Credit Co-operative Society Limited aimed at empowering members economically. Matayos Reality WhatsApp Group has formally been converted to Matayos Reality Sacco with over 30 members becoming members after paying subscription fee of Sh200 and monthly contribution…

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Traders form Sacco to boost growth

By Staff Writer Small business owners in Kakamega County have formed a Sacco to enhance their businesses growth. “It will offer loans and business skills so that traders do not rely on hand-outs from politicians,” said Women Representative Elsie Muhanda. Muhanda, who spearheaded the Sacco’s formation, said it will offer members loans and training on…

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Residents urged to embrace Saccos

Migori County residents have been encouraged to embrace co-operative societies in a bid to improve economically. Migori County Lands and Co-operatives Minister, Elizabeth Ochae said the county has always given necessary support to the cooperative societies in the region. She promised that it will continue working together and support co-operative societies. She urged the residents…

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