Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
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…
By Kamundia Muriithi. Members of Winas Sacco Society Ltd who default on loans advanced to them will have their names listed by Credit Reference Bureau (CRB). The Sacco through a paid up newspaper notice dated May 5, 2017 warned that non-performing loans would be forwarded to the CRB. “This is to notify all members that…
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…
By Dennis Bett. Elgeyo Marakwet County Government of has moved in to restore milk prices and volume after a drop by 90 per cent, leading to skyrocketing of prices to as high Sh80 per liter of fresh milk. Milk retailed at Sh40 per litre in November last year before the prices doubled from March this…
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…
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…
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…
By Staff Reporter. Homa Bay Women Sacco which was started two years ago, has registered more than 8,000 members with deposits rising to Sh34 million. Sacco Board chair, Ms Jane Juma speaking to Sacco Review recently said: “Integrity and accountability are the cornerstones upon which the society is founded.” She said that they are determined…
By Wesley Ondieki. Kenya Marine and Fisheries Research Institute (KMFRI) Sacco is set to launch a fully fledged FOSA services outside Mombasa, Sacco Chairman, Rashid Anam (pictured) has said. “Among our future prospects, we will have a FOSA in a place yet to be identified outside Mombasa. We will also partner with members to start…
