Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
A 2020 Survey conducted by the State Department for Co-operative Development revealed that there are 5,723 dormant cooperatives, which are at risk of losing its assets to unscrupulous officials. Kenya Society of Professional Co-operators (KSPC) has called on the government to develop policy guidelines that will help to safeguard assets of cooperatives that may fall…
Many Saccos have embraced Corporate Social Responsibility (CSR) which entails operating in an ethical and sustainable way and dealing with environmental and social impacts. This means a careful consideration of human rights, the community, environment, and society in which it operates. It’s incredibly important that a cooperative society operates in a way that demonstrates social…
Stima DT Sacco has opened a new branch at Electricity House along Harambee Avenue in Nairobi to bring quality products and services closer to the people. Speaking during the launch, Stima Sacco National Chairman Albert Mugo described the opening of the branch as a significant step towards accomplishing the Sacco’s 2019-2023 strategic plan which incorporates…
The second phase of the much awaited Hustler Fund aimed at helping small business owners access startup capital is finally out. The fund is also meant to establish a saving culture as well as encourage investments and social security among other benefits to Kenyans. The terms and conditions have been greatly simplified to meet the…
Yetu Sacco Society has opened a new branch in Chuka town, Tharaka Nithi County in a bid to reach out to more members. Sacco Chairman Mark Gitonga assured members that their money is safe and advised them to apply for loans, stressing that the frequency of getting the loan will be determined by the rate…
Human resource practices, both individual and organizational, play an integral role in the growth or failure of any organization. It’s important to note that human actions are the greatest contributor towards any organization’s success and this is a key area that can’t be ignored in the cooperative sector. In Kenya today we have cooperatives that…
Farmers in various cooperative societies across Machakos County stand to gain following the huge allocation for the agriculture sector in the county’s Ksh14.75 billion 2023/2024 budget proposal. County Finance Executive Committee Member Onesmus Kuyu said agriculture was allocated Ksh904 million to enable farmers access affordable agricultural inputs, add value to their produce and enhance marketing…
Rose Wambua, a former senior banker at the Cooperative Bank of Kenya, has advised livestock farmers to have farm insurance covers for their cattle. Wambua said the move ensures farmers who lose their animals due to drought receive compensation to either allow them to restock faster or invest in other productive activities. “Livestock insurance aims…
Charles Omwansa, the CEO of the giant Gusii Mwalimu Sacco, has called it a day. Omwansa, who has three decades of experience in the Sacco sector, has left the institution with a rich and unrivalled legacy. The Sacco held a retirement party at Monarch Hotel in Kisii County which was graced by other Sacco members,…
Savings and Credit Cooperative Societies (Saccos) are increasingly following in the footsteps of commercial banks by using personal security such as title deeds and log books, instead of guarantors, when issuing loans. An analysis by Sacco Review indicates that the number of Saccos giving members the option is on the rise and that the new…
