Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Dr Philip Munyao, a doctor in Matungulu constituency, has asked banks and micro -finance institutions to come up with schemes to motivate coffee growers in the region. Dr Munyao asked the financial institutions to train farmers on investment opportunities, saying that if there were regular forum organized by the finance institutions, the interactions would enlighten…
A study by the Financial Access Initiative (FAI) has shed light on the role of entrepreneurs and financial service providers in providing SMEs with customized credit facilities to enable them improve their services. Titled Kenya Small Firms Diaries Study, the study revealed that 51 per cent of the adult population in Kisumu county own small…
After tying up a few loose ends in our new honey business, I took time off to engage in business banter with some residents who while their time away at Kijiweni, opposite the bus park. Despite the lamentations about businesses taking a downturn and the rising cost of living, stoic traders in this fast growing…
Bee farmers in Embu county are championing for the creation of a Sacco to streamline the production and marketing of honey and products of bee keeping. Catherine Ruguru Nyagah, the coordinator of the farmers in Embu county, said the formation of a Sacco to deal with bee farming is now in the final stages and…
Garissa county Director of Cooperatives Samuel Karanja has expressed concern that with the aggressive mushrooming number of digital money lenders, the Sacco movement stands threatened. Speaking to Sacco Review in his office, Karanja lamented that the other challenge Saccos face is high loan defaults owing to the harsh economic times. “Most people opt for digital…
Over the years, Saccos have emerged as the new frontier of development in Kenya. With their flexible financial solutions, the institutions are transforming the lives of ordinary citizens by providing them with access to credit and savings facilities. As of 2021, there were over 15,000 registered Saccos in Kenya with a total membership of over…
The Cooperative Bill 2020 is set to be amended and realigned to the Kenya Kwanza administration’s bottom-up economic model, Cooperative Alliance of Kenya (CAK) Executive Director Daniel Marube has said. He said the draft law will be taken to the Cabinet for approval and later tabled before Parliament for debate. Once passed, Marube said the…
Geoffrey Njang’ombe, former Commissioner of Cooperatives, has a unique demeanour; polite, cool and collected. Yet behind the tranquility of mien is a tough uncompromising personality, but not in the usual sense of intense outlook commanded by senior corporate gentlemen and ladies. His amiability goes beyond common etiquette, transcending even the wiles of temptation in the…
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…
