Sacco Review

Much-hyped Common Bond hits the rocks

By Azael Masese The Government will put brakes on expansion of Savings and Credit Co-operatives (Saccos) to ensure there is regulated growth and financial stability in the sub-sector. Senior Deputy Commissioner in the State Department of Co-operatives Geoffrey Njang’ombe said loan repayment is posing a serious challenge hence the need to take the necessary steps….

Read More

Kenya Bankers Sacco total assets hit Sh6.7b

By Staff Reporter Total assets held by Kenya Bankers Sacco increased from Sh6.3 billion in 2015 to Sh6.7 billion at the close of financial year ended 31st December, 2016. According to the Sacco Society Regulatory Authority (SASRA) Supervision Report, 2016, the sacco ranks 13th among largest deposit-taking sacco across the country in balance sheet size….

Read More

Saccos lauded for supporting farmers

By Alfred Kimosop Top Sacco Societies in Baringo , Boresha Sacco and Skyline have been hailed for embracing the spirit of co-operative movement in the county. Speaking during Tugen Hills Farmers Field Day held recently at Katimok, Baringo North, Chairman, Eric Bargorett said the two saccos have supported farmers with loans. He said continued support…

Read More

Govt asked to revise taxation on Saccos

By Benedicto Ng’etich The Chairman of Simba Chai Savings Co-operative Society Engineer Joseph Mitei has complained of the high rate of taxation directed at co-operative societies in the country. He said co-operatives should come together and lobby legislators to formulate laws which are friendly to saccos. “We want people elected into various political offices to…

Read More

County seeks to revive pyrethrum Co-ops

By Azael Masese Kisii County Co-operative Commissioner will assist the operations of farmers’ unions affiliated to the growing of pyrethrum if the production of the crop is improved. Co-operative Commissioner Victor Kenyariri  promised that once the Agriculture Ministry spearheads improved yield, they will work out on the marketing strategies to ensure a better return from…

Read More

Leaders criticized for neglecting saccos

By Erick Nyayiera Politicians in Nyanza and Western regions have been criticized for not putting enough efforts to empower the local people through formation of Saccos. Atyang Atyang a renowned activist who is also the secretary general of Gakwamba Farmers Co-operative society observed that unlike in Kisii and Nyamira Counties where the political leadership have…

Read More

Governor urges boda boda riders to form saccos

By Our Reporter Busia Government seeks to have have all Boda Boda riders registered under saccos to enable them improve on their livelihood through the Co-operative Fund. Governor Sospeter Ojaamong said capacity to form a Sacco would assist them get loans to invest in profitable activities. Speaking to Sacco Review newspaper at the County headquarters,…

Read More

Capital Sacco introduces loan product for schools

By Kinoti Murithi Capital Sacco has launched a loan product to assist schools to construct classes, dormitories, administration blocks, halls and laboratories. The loan product can also be used to finance construction and equipping of laboratories, kitchens, toilets and gates. Capital Sacco has tailored its loan product to cater for specific needs of any school….

Read More
Don`t copy text!