Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Two new directors have joined the Kenya Society of Professional Co-operators (KSPC) after a successful election during the Society’s hybrid Annual General Meeting (AGM) held recently in Nairobi. Edward Kinyungu and Dr. Lydia Omamo, the National Co-operative Business Association CLUSA International (NCBA-CLUSA) Country Director , replaced Stephen Otieno and Dr. Nelson Kuria who retired after…
Kenya Teachers Sacco Association (KETSA) has registered significant growth in its programmes for the last one year. Association Chairman Robert Kithanju revealed that the programmes undertaken by KETSA have led to a growth in asset base from Ksh260 million in May 2022 to Ksh349 million currently, translating to a growth of 34 per cent. During…
Rice farmers in Nyando, Kisumu county have been urged to join cooperative societies to enable them find ready markets for their produce as well as weed out cartels from their midst and ease access to credit. National Irrigation Authority (NIA) West Kenya Region Scheme Manager Kennedy Ouma said cooperatives are a vital element of development…
Stakeholders in the cooperative movement aired the major challenges facing the movement to Cooperatives & MSMEs CS Simon Chelugui and PS Patrick Kilemi. National Cooperative Housing Union (NACHU) National Chairman Francis Kamande lamented about the few housing units in the country. He revealed that Kenyan urban centres need about 2,500,000 housing units but there are…
President William Ruto has lauded the unique nature of the cooperative business model of aggregating human and capital resources for informing his administration’s economic transformation agenda. The president revealed that since Saccos focus on uplifting Kenyans at the bottom of the economic pyramid, his administration decided to use them to help in economic transformation. He…
Cooperatives Cabinet Secretary Simon Chelugui has underscored the need for the government to mobilise available resources to generate revenue rather than depend on borrowed funds. Chelugui noted that Kenya has a lot of untapped resources which should be tapped into to generate revenue. “We can mobilise our own savings to invest in express highways, water…
Some 1,200 members of a farmer’s cooperative society in Homa Bay County have lauded plans by Kenya Breweries Ltd (KBL) to raise payments for sorghum farmers in the region. Elisaphan Ager, the chairman of Karachuonyo Lolwe Rume Cooperative Society said the move will go a long way in boosting the morale of sorghum farmers in…
Personal finance refers to a financial management process which an individual or a family unit engages in to budget, save and spend financial resources over a given period of time, considering various financial risks and future life events and expectations. Financial experts argue that personal finance literacy is critical in helping an individual make rational…
The group lending model has increasingly become popular among Saccos and Micro-Finance Institutions (MFIs) in recent years. This is largely based on its ability to leverage on joint liability and increased loan repayments while promoting entrepreneurial spirit among borrowers. Group lending methodology is a unique financial service for low income entrepreneurs. To obtain such a…
Kenya Pipeline Company (KPC) has rolled out a sensitization drive to train over 2,000 youth, women and Persons with Disabilities (PWDs) who own businesses, as a move to promote the uptake of the Access to Government Procurement Opportunities (AGPO). Addressing participants during the sensitization forum in Kisumu, KPC acting General Manager Supply Chain Maureen Mwenje said the initiative seeks to sensitize the…
