Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Achola Mathews Business people and members of Saccos have been cautioned against agreeing to guarantee loans for people they do not know well. According to the lending laws, a guarantor is responsible for any loan recovery in case the client does not honour the terms of payment agreed upon at the time of lending….
By Joyce Wambui A deal has been approved by the County Assembly of Murang’a and an Italian firm allowing five corporative societies to sell their produce in Italy. This was after a research tour was conducted and the corporative societies’ management signed a memorandum of understanding with Ibarico Sri Italy. The farmers’ societies include: Thikagiki,…
By Kamundia Muriithi Embu County has developed a new law to govern operations of cooperative societies. The County Cooperative Societies Bill 2019, spearheaded by the agriculture committee chaired by Rev Elizabeth Kivai, seeks to establish a legal framework relating to the formation, registration, promotion, development and regulation of cooperative societies. The Bill was drafted by…
By Enock Kipturgut A Korean investor Reverend Cha Bo Yong is set to put up a Sh 70 million coffee milling factory that will benefit Tugen Hills Farmers’ Co-operative Society members. The society Chairman Mark Yatich noted that the factory is a landmark project that will empower coffee farmers in Baringo County and beyond besides…
By Staff Writer Bingwa Sacco has continued to expand its reach countrywide. The financial institution that has embraced information and communication technology in service delivery in September last year opened its 19th branch in Kagio town. The Sacco has consistently increased its presence in Kirinyaga County and surrounding regions. It also has presence in Nairobi…
By Correspondent The process to revive Wanjohi Co-operative Society has begun Nyandarua County Executive Committee Member for Trade, Industrialization and Cooperative Raphael Njui has said. Njui met with a group of investors from Ziara Dairies at the society who will revamp the society. The co-operative will receive milk coolers and is expected to start milk…
By Eugene Kioko Women groups under various Community Based Organizations in Machakos County have received water tanks in a programme spearheaded by the National Government Affirmative Acton Fund (NGAAF). The CBOs, which had contributed half of the required amount to purchase 5,000 and 10,000 liter water tanks, were handed the tanks by Machakos County Woman…
By Our Reporter Murang’a Kiama Kia Ma elders have established a saving and credit cooperative society to empower themselves financially. Peter Kagwanja, who was elected county patron, said they aim at consolidating Sh10 million that will be used to give credits. The Sacco dubbed Njungw’a’ which means a traditional stool is expected to ensure members…
By Tsozungu Kombe African Confederation of Cooperatives Savings and Credit Associations (ACCOSCA) has established Africa Co-operative Development Fund (ACDF) to support programmes and activities in the co-operative movement. Speaking during the 20th Annual SACCA Congress in Mombasa County, ACCOSCA Chairman Cambridge Mdlalose said the organization has also been reaching members through african development educators programme….
By Jackson Okoth Economists are already projecting tougher times for Kenya’s economy this year. But even with grim prospects and gloomy statistics, the resilient Co-operative industry is putting on a brave face. Latest figures from Sacco Societies Regulatory Authority (SASRA) databases indicate that Kenya’s Sacco Sub-sector holds total assets worth more than Sh 442.3 billion…
