Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Kiptanui Rutto. Angaza Africa Sacco, based in Thika town, has set its eyes on attracting the youth by having products and services that appeal to this segment. The Society is focused on assisting the youth own property and run business while also paying school fees for pupils in secondary school. “We have products tailor-made…
Embu County Government has been urged to establish a revolving fund where Saccos can borrow funds at low interest rates and loan to their members. Daima Sacco Chairman John Njeru said the County Saccos were the best wheels for poverty eradication since they empowered small traders, farmers and youths to expand their ventures through affordable…
Chuka Housing Co-operative Society has has joined in the epic transformation of Chuka town, a fast growing business hub in the County. The society, which broke out from Chuka Farmers’ Co-operative has turned around the face of the town after constructing state-of-the-art buildings. It enjoys rent from Co-operative Bank, Thamani and Southern Star Saccos among…
Potato farmers in Elgeyo Marakwet have formed Cooperatives to lobby the County Government to fast-track implementation of potato weight laws. Residents with assistance of Tecno-serve International are petitioning the county administration to ensure that weigh standards are fully implemented in a bid to cushion farmers from exploitation by middlemen. Tecno-serve Field Extension Officer, Emmanuel Lagat,…
By Richard Shichangi. Members of Mudete Tea Factory Growers and Savings Co-operative Society have approved an ambitious Sh 34.8 million budget for the Society for the next financial year. Considered a giant, Mudete Sacco, located in Kakamega East Sub County, held its Special Delegates Meeting recently at Sacco Plaza where delegates unanimously approved the budget….
By Staff Reporter. Saccos that want to meet the capital adequacy requirements may opt out of paying high dividends and instead put their surplus into retained earnings. Members of a Sacco usually get acrimonious when directors declare dividends that are not impressive. Directors usually recommend unfavourable dividend payout when the surplus declines or that most…
By Munene Maina. Kiambu residents are reaping big from the Co-operative sector as many embrace societies to increase their savings and access to affordable credit facilities. The sector is among the key drivers in the County economic growth, according to County Co-operative Commissioner Ephraim Mathenge. The importance of the sector is the reason why the…
By James Wakahiu. Six hours of intensive lobbying by the management board of Kamuthi Housing Society Ltd. saved a Sh3 billion investment from the auctioneer’s hammer. According to the committee’s report read during their 2016 Annual General Meeting (AGM) held at their Head office’s Maziwa Estate, the society had up to May 8, 2016 to…
By Amos Kerich. Kericho County could be the first devolved unit to support its residents who are members of different Saccos to form a bank. During an event that brought on board all co-operators from the County, Governor Paul Chepkwony thanked them for welcoming the investors. “I appreciate the people of my County for welcoming…
By Kamundia Muriithi Urithi Housing Cooperative Society will settle over 100 members in their recently acquired virgin and arable land in Gacabari sub-location in Mutuovare Location, Mbeere South Sub-County in Embu County. The Society Marketing and Education Committee Chairman Gerald Mugo said through the Miliki Concept, Urithi was striving to ensure that half of its…
