Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Co-operative professionals and practitioners through their body the Kenya Society of Professional Cooperators (KSPC) have called upon the government through the State Department for Co-operatives to address the matter of timely data and information in cooperatives. The practitioners have further recommended for the establishment of an information and document portal with links to various users….
While Saccos have been in existence for years and being lauded as priceless savings and credit extension avenues, it now looks quite challenging to convince the youth to save in Saccos. The Sacco sub-sector Demographics Study Report of 2019 released by Sacco Society Regulatory Authority (SASRA), which carried an in-depth study on age and gender…
All Cooperatives will in future become federations and subscribe to an apex body, Kenya Union of Savings and Credit Cooperatives (KUSCCO) Group Managing Director George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. “The economic participation of our business…
The national government has issued guidelines on approval of maximum borrowing powers by cooperatives. Commissioner for Cooperatives Development David Obonyo stated that the guidelines are to enhance good governance and leadership in the cooperative sector. In a letter dated August 16, 2023 directed to County Directors/ Commissioners for Cooperatives, CEO/MD- Cooperative Alliance of Kenya, Chairpersons…
Youth in Malindi sub county, Kilifi county have been urged to take advantage of Uwezo Fund to boost their businesses. Speaking to Sacco Review, Malindi sub county Youth Development Officer Mtana Mwahunga urged the youth to form groups to enable them to access the Fund to expand their businesses. “The Fund will help address the issue…
Savings and Credit Cooperative Societies (Saccos) are increasingly following in the footsteps of commercial banks by using personal security such as title deeds and log books instead of guarantors when issuing loans. An analysis by Sacco Review indicates that the number of Saccos giving members the option is on the rise and that the new…
The Kazi Mtaani Programme was launched in April 2020 to cushion the unemployed youth from the adverse effects of the Covid-19 pandemic across the 1450 wards in the country. Those recruited into the programme mainly engaged in menial jobs in urban areas. Though the programme was at times characterized by intermittent delays in payments, it…
One of the most important things a Sacco should do to succeed is to focus on elaborate flow of information. Sacco leaders should ask themselves the extent to which members have access to necessary information about their Sacco. It is important for members to know everything about their Sacco right from their savings, loans eligibility,…
Wholesale and Retail Sector Education and Training Authority (WRSETA) in partnership with Zetech University are training over 100 SMEs from South Africa on networking, marketing, customer care, and food safety regulations among other business-oriented skills. South Africa’s High Commissioner to Kenya Mninwa Johannes Mahlangu said the skills will empower the SMEs to grow their country’s…
Mwito Deposit Taking Sacco Society Limited is grieving the loss of its founding member Peter Kariuki Ng’ang’a, which occurred on August 19, 2023. The burial will be held on Friday, August 25, 2023 at 9.00 am at his home in Kariua Village, Kandara Sub-County, Murang’a County. The deceased has seen the Society grow from a…
