Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
Tharaka Nithi governor Muthomi Njuki has urged the youth to embrace coffee farming since it is more profitable than white collar jobs. Speaking during the closing ceremony of the three day Coffee Reforms Conference at Three Steers Hotel in Meru town, the governor urged the youth to stop wasting valuable time in search of white collar…
The government has vowed to eradicate coffee cartels, improve marketing strategies and increase prices in an elaborate bid to revive the once vibrant sector. Deputy President Rigathi Gachagua said once cartels are eradicated and marketing and price improved, coffee production will automatically go up, leading to better returns to farmers, sufficient foreign exchange and vibrant…
The enthusiasm by small rural based enterprises in Embu County in embracing the group based Hustlers’ Fund loans is bound to give stiff competition to Saccos and banks for customers, former Commissioner of Cooperatives Geoffrey Njang’ombe has warned. The launch of the second phase of the Hustler Fund will see registered groups qualified for loans…
