Mandago: Shs 90m disbursed to Co-operatives

By Wasike Elvis. Co-operative Movement in Uasin Gishu County has since inception of devolution in 2013 experienced tremendous growth, Governor Jackson Mandago has said. Speaking to Sacco Review in Eldoret recently, Mandago said his Government has increased funding to Co- operatives to grow the County economy and offer residents incentives to take up investment opportunities….

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Women, youth told to embrace a saving culture

By Makoma Musyoka. The Chief Executive Officer of Universal Traders Sacco Society in Machakos County, Mr. Dominic Mutunga has urged women and youth groups to embrace a saving culture so as to eradicate poverty. He told them to join cooperatives as they are powerful vehicles of social inclusion and political and economic empowerment of their…

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Capital Sacco posts better returns

Capital Sacco posts better returns. By our Reporter. Capital Sacco has announced record business results for 2016, in which the company saw impressive year-over-year revenue growth while signing a record number of new members. Capital Sacco Marketing Manager, Mr. Kenneth Gitonga said the business brushed off a tough business environment to post impressive results. He…

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Co-operators warned against land fraudsters

By James Wakahiu. Urithi Housing Co-operative Society Chairman has warned Co-operative members of ongoing land scam in which members are conned millions by fraudsters. Mr. Samuel Maina said that there is need to educate the members of public on possible ways of identifying genuine investments to avoid falling prey to the scammers. He said there…

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Joinas Sacco recruits members in Meru town

By Kiptanui Rutto. Joinas Sacco has opened doors for the residents of Meru town and its environs. The Sacco that draws its membership from all professionals, business entities and other local residents, has recruited more than 1,000 members in its two years of existence. Speaking to Sacco Review in his office in Meru town, the…

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Kavuda Sacco to offer FOSA services

By Richard Shichangi. Kakamega Vuma Daima Sacco has declared 10 percent payment of dividends to its members and another 8 percent payment of interest on members’ deposits. Addressing members during the Sacco’s Annual General Meeting held at the County Social Hall, the Sacco’s chairperson, Mrs Iris Masambaga urged members to use the earnings to boost…

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Improve service delivery, appeals Garissa Co-op boss

By Amoto Dennis. Garissa County Co-operative Commissioner, Daniel Mutiso has urged the Cooperative societies to observe regulations governing their operations to improve service delivery. Speaking to Sacco Review in his office in Garissa town, Mutiso said lack of good governance in most Saccos had led to poor service delivery. “CEOs and Board members should identify…

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KITE Sacco embarks on ambitious growth strategy

By Azael Masese. Kisumu Teachers Sacco (Kite) has embarked on an ambitious growth strategy that seeks to drive its membership upwards and enhance return on their savings. In its five year strategic plan, 2017-2021, the society targets to increase its membership from the current 6,000 to 20,000 and deposits from about Sh650 million to about…

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