Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Michael Ngétuk is proud to associate with Imarisha Savings and credit cooperative society (Sacco) as the longest serving director of Imarisha Sacco with a record of 32 continuous years from a founding treasurer to Vice-Chairman. He shares his long Journey at the Sacco with Benedict Ng’etich “It was in 1977, after KNUT AGM when an…
By Kamundia Muriithi Owning a home is a dream that many Kenyans harbour, but few actualise it due to the associated high costs of constructing houses. In recent times, housing cooperatives have sprung up in different parts of the country to empower ambitious Kenyans acquire decent, modern houses through homeownership plans. Coupled with the government’s…
By Fred Sitati The treatment of member’s shares in Saccos has remained both contentious and emotive because of limited understanding of how members’ shares should be treated upon cessation of membership. That not only confuses ordinary members but also some of their leaders including those engaged in Sacco education and training. It will be recalled…
By Isaac Biwott The Trans Elite County Teacher’s Savings and Credit Cooperative Society in Nandi County is back to its former glory after settling an off-shore loan owed to Oikocredit International. The International micro-finance company of the Netherlands had been approached by the then Nandi teachers Sacco seeking a loan of Sh65 million in a…
Fredrick Odiero He served in various capacities as one of the dreaded youths and party operative for many years. Some of the roles he undertook included gathering intelligence information as an advance team before feeding proponents with the same information before they could finally strike at enemy positions. But Tom Obengo who is today a…
By Isaac Biwott The Trans Elite County Teacher’s Savings and Credit Cooperative Society in Nandi County is back to its former glory after settling an off-shore loan owed to Oikocredit International. The International micro-finance company of the Netherlands had been approached by the then Nandi teachers Sacco seeking a loan of Sh65 million in a…
By Sammy Chivanga Savings and Credit Cooperative Organizations (Saccos) members tapped Sh54.19 billion additional loans last year on the back of coronavirus disruptions that hurt incomes for households. The new credit saw the loan book of Deposit-Taking (DT) Saccos rise by 13.41 percent to Sh473.74 billion from Sh419.55 billion, being the fastest jump in four…
By Sammy Chivanga Savings and Credit Cooperative Organizations (Saccos) members tapped Sh54.19 billion additional loans last year on the back of coronavirus disruptions that hurt incomes for households. The new credit saw the loan book of Deposit-Taking (DT) Saccos rise by 13.41 percent to Sh473.74 billion from Sh419.55 billion, being the fastest jump in four…
Vitalis Peter Lukiri, the long-serving National Chairman of Afya Sacco has died. Family sources told Sacco Review that he passed on at Nairobi Hospital on Wednesday night after a short illness. He will be remembered for steering the Sacco to become one of the leading Tier 1 co-operative societies in the country. The late Lukiri…
By Sammy Chivanga Savings and Credit Cooperative Societies (Saccos) are recording a sharp rise in demand for development loans after the Covid-19 slump. Most Saccos are now happy that members have emerged from the Covid-19 morass that had left the cooperative movement with a lot of liquidity. The demand for development loans is in sharp…
