Sacco Review

sacco

Why effective communication to  Sacco members is important

One of the most important things a Sacco should do to succeed is to focus on elaborate flow of information. Sacco leaders should ask themselves the extent to which members have access to necessary information about their Sacco. It is important for members to know everything about their Sacco right from their savings, loans eligibility,…

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Varsity trains 100 South African SMEs on innovation, technology

Wholesale and Retail Sector Education and Training Authority (WRSETA) in partnership with Zetech University  are training over 100 SMEs from South Africa on networking, marketing, customer care, and food safety regulations among other business-oriented skills. South Africa’s High Commissioner to Kenya Mninwa Johannes Mahlangu said the skills will empower the SMEs to grow their country’s…

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cooperatives

Co-op stakeholders urged to tap start-ups to spur growth

Experts and other stakeholders in the cooperative movement have been challenged to offer professional guidance on prudent financial management to start-up groups to ensure such units mature to Saccos and Cooperatives. Former Commissioner of Cooperatives Geoffrey Njang’ombe argued that when well equipped with skills and funds management skills, the groups have the potential of expanding…

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AFC

70,000 women get Ksh1B in AFC credit scheme

Over 70,000 farmers have benefited from loans worth Ksh 1 billion since the inception of the Agricultural Finance Corporation’s (AFC) cheap credit scheme in 2018 that targets to benefit women on agri-finance in Kenya. The money was accessed through Saccos, microfinance institutions and Micro, Small and Medium Enterprises (MSMEs)  with AFC projecting to reach out…

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sacco

Gov’t urged to pay salaries through Saccos

Amica Sacco Chairman Hezron Maina Muchiri has asked the government to channel salaries for public servants and payment to suppliers through Saccos. Muchiri said the money will boost Sacco portfolios and also improve their financial status. He lamented that payment of civil servants and entrepreneurs exclusively through banks was alienating Saccos from the national payment…

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empowerment

Woman Rep issues Ksh2.4M economic empowerment funds to vulnerable groups

24 women, youth and People Living with Disability (PWDs) groups in Isiolo County have benefited from a Ksh2.4 million economic empowerment programme under the National Government Affirmative Action Fund (NGAAF) kitty. The groups drawn from across the 10 wards in the county received cheques of between Ksh100,000 and Ksh130,000 through the office of the county…

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