Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Saccos have increasingly become popular In Kenya acting as vehicles for financial inclusion and wealth creation. Saccos are member-owned financial organizations that provide affordable credit facilities to members. Interest rates charged on SACCO loans are generally lower than those offered by commercial banks, making SACCOs a better option for major investments in the country’s economy….
Bungoma county leaders have urged the youth in the region to embrace hass avocado farming as an alternative source of income. Speaking during the official opening of Sisi Village produce demonstration centre for hass avocado and bee keeping projects in Kanduyi constituency, area MP John Makali and his Bumula counterpart Jack Wamboka urged locals to…
Nelly Kamau Melita, Honorary Secretary of Ufanisi DT Sacco, shares her life experience and journey to get to the top. It is an hilarious journey that began in 2009, riding on one particular incident that looked like her fortunes were lost forever. She remembers this with clarity, frivolous as it might be but it took…
Stakeholders in the cooperative movement have decided that the Co-operative Movement Stakeholders’ Conference will now be an annual event, which will be held every year in the month of June. This was agreed during the first conference held at Sarova Whitesands Beach Resort in Mombasa themed ‘Co-operative Business Model for Socio-Economic Transformation’. Itattracted more than…
Avocado farmers in Kakamega county have launched a cooperative society to guide them on the best farming practices of the produce and in preparation for the county government rollout of a World Bank project aimed at promoting avocado farming in the county. Speaking during their first AGM, Mumbo Avocado Farmers’ Cooperative Society Chairman Maxwell Shamala…
European Union Ambassador to Kenya Henriette Geiger has urged youth and women from Kisumu and adjacent counties to engage in agribusiness to benefit from financial and technical support from the AgriBiz programme funded by the EU and Danish International Development Agency (Danida). Speaking during the United Nations World Tourism Day celebrations in Kisumu County, Geiger…
Kilifi County Cooperative Development department has registered 45 new cooperative societies. Speaking to Sacco Review in Kilifi town recently, County Cooperative Assistant Director James Mwasi revealed that 20 of the registered cooperatives are community Saccos, 14 are mining Saccos while 4 are boda boda Saccos. He revealed that plans are already underway to revive the giant…
The county government of Kericho has pledged to assist young coffee farmers with technical advice and logistics in value chain to ensure prosperity. Representing county governor Dr. Erick Mutai during the launch of the sale outlet for coffee products produced by the Kipkelion Youth Service Cooperative LTD at Uhuru Gardens in Kericho, chief officer for…
Kilifi county government has so far set aside Ksh750 million for Wezesha Fund to enable the business communities boost their activities. Speaking during a public meeting at Misufini village, Mariakani MCA Martha Koki said that Wezesha Fund is a revolving Fund which is repaid without any interest. “Wezesha Fund, formerly Mbegu Fund, is actually meant…
Kaloleni Sub-County Cooperative Officer Evans Malombo has revealed that the 32 registered cooperative societies in the area have disbursed loans amounting to Ksh175,420,309. He noted that the cooperatives have mobilized a turnover of Ksh41,424,998 and share capital of Ksh19,387,684. “Sadly, only 18 cooperatives are active,” he lamented, noting further that membership currently stands at 2,158….
