Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya Union of Savings & Credit Co-operatives (KUSCCO) National Chairman George Magutu has urged women and youth to vie for leadership positions in their Saccos to take them to the next level. Mugutu said for many years, youth and women have been sidelined hence they should rise up and be ready to take up positions,…
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 to help an individual make rational…
SASRA is finalizing the guidelines that will standardize member complaints management, which will be applied across the Sacco sub-sector which is under the regulation of the Authority. The proposed Guidelines on Complaints Management by Sacco Societies, which were subjected to public and stakeholders’ comments and feedback for 15 days running from March 3, 2023, to…
Cooperatives Cabinet Secretary (CS) Simon Chelugui has urged the government to invest wisely in the cooperative sector to generate revenue and improve the country’s economy. The CS said about 63 percent of Kenyans rely on and benefit directly or indirectly from the Cooperative sector, hence good investments in the sector can generate revenue and reduce…
Products and services are the lifeblood of Saccos hence investing in them is crucial to business growth and profitability. Saccos most often come up with new products due to changes in member preference, increasing competition, advances in technology or to capitalize on new opportunities. Innovative cooperatives thrive by understanding their members’ wants, making smart product…
In 2009 when dairy farmers in Elburgon ward in Molo Sub-county came together with an idea of collecting milk daily as a group, they had no idea the group would one day give birth to a colossal cooperative Society. The less than 100 dairy farmers had only one reason for coming together: to collect milk…
Retired Boresha Sacco Chief Executive Officer Moses Chebor opens up about his life in retirement. He narrates how he keeps himself busy, his association with the communities and his future plans. He started by thanking Boresha Sacco for giving him an opportunity to serve as CEO for 35 years, a position that give him knowledge…
Retired Boresha Sacco CEO Moses Chebor has revealed that between 1985 to 2020, Sacco’s asset base increased from Ksh15 million to Ksh8 billion. Chebor said the achievement was enhanced by cooperation between all Sacco members. During this interview, he revealed the top ten managerial skills they used to push Sacco to greater heights. He said…
After being skeptical for a while about being part of a Sacco, Dennis Fondo finally decided to join Tabasuri Sacco. Fondo, a security guard with the Texas Security Company for about fifteen years now, says he wished he had joined Tabasuri Sacco way back when he first began working. He attributes the tremendous milestones he…
Kenya Union of Savings and Credit Cooperatives (KUSCCO) Advocacy Manager Mercy Njeru has urged the government to allow only the official regulator to audit Saccos in the country for improved efficiency, transparency and confidence among cooperative societies. Njeru said currently there are many state agencies competing to audit Saccos, raising suspicion among Saccos to the…
