Sacco Review - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Cooperative University of Kenya urged to reintroduce old cooperative courses

Sacco ReviewJuly 22, 2023July 22, 202308 mins

Co-operative professionals and practitioners, through the Kenya Society of Professional Cooperators (KSPC), have asked the Co-operative University of Kenya (CUK) to re-introduce the traditional cooperative courses it used to offer before it was upgraded to a full-fledged public university. The professionals and practitioners noted that traditional cooperative courses, such as Certificate in Cooperative Administration (CCA),…

Offer financial assistance to coffee farmers, banks urged

Sacco ReviewJuly 22, 2023July 22, 202302 mins

Dr Philip Munyao, a doctor in Matungulu constituency, has asked banks and micro -finance institutions to come up with schemes to motivate coffee growers in the region. Dr Munyao asked the financial institutions to train farmers on investment opportunities, saying that if there were regular forum organized by the finance institutions, the interactions would enlighten…

Study emphasizes role of financial service providers in boosting SMEs growth

Sacco ReviewJuly 21, 2023July 21, 202303 mins

A study by the Financial Access Initiative (FAI) has shed light on the role of entrepreneurs and financial service providers in providing SMEs with customized credit facilities to enable them improve their services. Titled Kenya Small Firms Diaries Study, the study revealed that 51 per cent of the adult population in Kisumu county own small…

In Boflo’s world, business change means eliminating failed projects

Sacco ReviewJuly 21, 2023July 21, 202306 mins

After tying up a few loose ends in our new honey business, I took time off to engage in business banter with some residents who while their time away at Kijiweni, opposite the bus park. Despite the lamentations about businesses taking a downturn and the rising cost of living, stoic traders in this fast growing…

Farmers champion formation of Sacco to streamline bee farming

Sacco ReviewJuly 21, 2023July 21, 202304 mins

Bee farmers in Embu county are championing for the creation of a Sacco to streamline the production and marketing of honey and products of bee keeping. Catherine Ruguru Nyagah, the coordinator of the farmers in Embu county, said the formation of a Sacco to deal with bee farming is now in the final stages and…

Digital loans a threat to Saccos, Director laments

Sacco ReviewJuly 21, 2023July 21, 202302 mins

Garissa county Director of Cooperatives Samuel Karanja has expressed concern that with the aggressive mushrooming number of digital money lenders, the Sacco movement stands threatened. Speaking to Sacco Review in his office, Karanja lamented that the other challenge Saccos face is high loan defaults owing to the harsh economic times. “Most people opt for digital…

Why Saccos are the new frontier of development in Kenya

Sacco ReviewJuly 21, 2023July 21, 202305 mins

Over the years, Saccos have emerged as the new frontier of development in Kenya. With their flexible financial solutions, the institutions are transforming the lives of ordinary citizens by providing them with access to credit and savings facilities. As of 2021, there were over 15,000 registered Saccos in Kenya with a total membership of over…

Coffee farmers in limbo as prices fall drastically this year

Sacco ReviewJuly 20, 2023July 20, 202305 mins

Coffee farmers have suffered a great deal after prices of their commodity dropped by almost half this year. At Kabare Coffee Farmers Co-operative Society Limited for instance, which is affiliated to Kirinyaga District Co-operative Union Limited, farmers were paid between Ksh72 and Ksh92 per kilogram, rates that were far much lower than last year’s of…

Farmers want formation of Sacco to streamline bee farming

Sacco ReviewJuly 20, 2023July 20, 202303 mins

Bee farmers in Embu County are championing the creation of a Sacco to streamline the production and marketing of honey and products of beekeeping. Catherine Ruguru Nyagah, the coordinator of the farmers in Embu County, said the formation of a Sacco to deal with bee farming is now in the final stages and will eventually…

Why Saccos are the new frontier for Kenya’s development

Sacco ReviewJuly 20, 2023July 20, 202305 mins

Over the years, Saccos have emerged as the new frontier of development in Kenya. With their flexible financial solutions, the institutions are transforming the lives of ordinary citizens by providing them with access to credit and savings facilities. As of 2021, there were over 15,000 registered Saccos in Kenya with a total membership of over…