Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter Over 400 Bungoma County Motorbike Sacco members have benefited from motorbike loans that are now helping them to generate adequate income to better their living standards and re-service the loans monthly. Moffats Nabaala, Head of staff at the Bungoma-based society said the management expects to serve about 1,500 members with the loan…
By Richard Shichangi Faridi Saving and Co-operative Society Ltd has been declared the market leader in savings and resource mobilization in Busia County. County Co-operative Officer, Samuel Khatenya said out of 114 active societies within the county, Faridi Sacco was identified as the best in terms of capital mobilization and asset ownership. He said Faridi…
By Poshy Galilu Bahati Muungano Women Savings and Credit Co-operative Society members, Nakuru County have been urged to purchase more shares, boost their savings for better returns. This is in order to increase investment and strengthen the enterprise. Margaret Njoroge, the Society’s chairperson said the Sacco can only grow if members increase their shares. Ms….
By Munene Maina. Business people and residents of Nakuru County towns can now access credit at low interest rates in addition to other co-operative services as more Saccos open branches in the region. Nakuru and Naivasha towns have recently recorded an increase in the number of savings and credit co-operative societies (Saccos) operating in the…
By Dennis Bett. Elgeyo Marakwet Youth Bunge Sacco has embarked on a mission to invest in assets and business generating activities as a way of empowering the youth. Speaking recently in Iten Town during the Annual Delegates Meeting, Chairman Nathan Tanui said that the society had grown its savings from Sh85,000 when it was established…
By Steve Vidonyi Boda boda cyclists in Likuyani Sub County, Kakamega County have finally agreed to join savings and credit co-operative societies (Saccos). At least five Saccos have been registered and commissioned in less than two months, in a move aimed at economically empowering members of the boda boda sector. The sector has been difficult…
By Munene Maina. Co-operative members in Nyandarua County are now more enlightened following training and education programmes conducted by County’s co-operative department, according to a senior official. Nyandarua Co-operative director, Veronica Kahura said the training has enabled Sacco members to effectively engage their officials during annual general meetings. “Before this, in most co-operatives, members hardly…
By John Ochieng. Boda boda riders in Rongo Sub-County have been urged to form and register groups such as savings and credit co-operatives (Saccos) to give themselves opportunity to save and borrow. A local politician Joseph Ngani told the operators to form groups that would facilitate financial savings to help build their individual financial base…
By Opiyo David Youths in Nyanza region have been asked to embrace savings and credit co-operative societies (Saccos) to uplift their economic status. Kisumu Airport Taxi Operators Sacco Chairman George Obunde said the societies will not only help the youth realize their development potential but also assist them in improving education levels. Obunde who was…
People With Disabilities (PWDS) have been urged to save their money through Saccos to receive loans which will enable them expand their businesses. Kenya Re-insurance Managing Director, Jidiah Mwarania said the company has embarked on a campaign aimed at creating independence for people with disabilities. He disclosed that Kenya Re has invested one per cent…
