Sacco

How Ksh6M Sacco loan transformed retired KNUT Official’s Life

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,…

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start ups

The Sacco stakeholders are urged to tap SMEs to spur growth

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…

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Tea Act 2020 to be implemented soon, Gachagua assures stakeholders

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…

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KUSCCO urges counties to financially support small cooperatives

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…

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County partners with international organizations to revitalize potato sector

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…

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Governors resolve to organize SMEs into Cooperatives for better growth

County governments have resolved to aggregate Small and Medium Enterprises (SMEs) into viable cooperative societies in a bid to grow the country’s economy through the bottom-up model. This decision was agreed upon during the meeting held recently at a Mombasa hotel to discuss collaboration by county and national governments in strengthening the Cooperative sector as…

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Cooperatives CECM lauds movement for positively transforming lives

Elgeyo Marakwet County Executive Committee Member (CECM) for Cooperatives, Trade, Industrialization, Tourism and Wildlife Robert Kangogo has hailed cooperative societies for their pivotal role in transforming lives in communities. Speaking during the regional Ushirika Day celebrations at Iten grounds, the CECM said the sector was in tandem with the national government’s bottom up economic transformation…

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