Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya Union of Savings and Credit Cooperatives (KUSCCO) Advocacy Manager Mercy Njeru has urged the government to allow only the official regulator to audit Saccos in the country for improved efficiency, transparency and confidence among cooperative societies. Njeru said currently there are many state agencies competing to audit Saccos, raising suspicion among Saccos to the…
A loan of Ksh6 million from Imarika Sacco Limited turned around the life of a retired Kenya National Union of Teachers (KNUT) official Mwalimu Rasi, who is now living off the benefits accrued from the investments he made. Several consistent loans and repayments built his creditworthiness to a point he could borrow a huge sum,…
Stakeholders in the cooperative movement have been challenged to offer professional guidance on prudent financial management to start-up groups like SMEs to ensure such units mature to Saccos and Cooperatives. Former Commissioner for Cooperatives Geoffrey Njang’ombe argued that when well equipped with skills and funds management skills, the groups have the potential of expanding their…
Saccos were formed through the spirit of togetherness, mutual support, and pooling of resources together for the good of all members. These virtues were later adopted by international cooperative alliances to form part of the virtues of every cooperative society. The virtues ensured the formation of great cooperative movements. The fruits of the cooperative movement…
Ely Otieno joined Keystone Sacco, formerly Kisumu Teachers Savings and Credit Co-operative Society (KITE), over 20 years ago. He has never regretted joining the Sacco but has instead been counting blessings as a member of the organization. Otieno says he joined the Sacco in 1996 after starting off the teaching profession as a young visionary…
Deputy President Rigathi Gachagua has assured tea farmers that the government is in the process of implementing the Tea Act of 2020 sponsored by Kericho County Senator Aaron Cheruiyot. Speaking during the closing ceremony of a three-day conference dubbed, “Mkulima Kwanza” held at the Kericho Golf Club, the DP noted that implementing the Act will…
Rift Valley KUSCCO Regional Manager Stephen Makori has called upon governors from Rift Valley region to fund small and upcoming Saccos and cooperative societies to ensure their sustainability. Speaking during the Ushirika Day celebrations, the manager noted that most of such Saccos do not have adequate funds for capacity building and leadership training hence they…
Elgeyo Marakwet County government has partnered with Hanse Agrostore International to boost potato farming in the region. Speaking during the Ushirika Day celebrations held at Iten grounds, County Executive Committee Member (CECM) for Cooperatives, Trade, Industrialization, Tourism and Wildlife Robert Kangogo thanked the investor for partnering with the county to catapult the potato sector. Kangogo…
Deputy President Rigathi Gachagua has called on Kenyans to embrace the saving culture so that the Govt can borrow funds from within instead of getting loans from outside. Speaking at Kinoru stadium in Meru town during Solution Sacco’s 30th-anniversary celebrations, the DP noted that the cooperative sector is a key pillar of driving economic growth…
