Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The County Government of Kisumu has rolled out an ambitious programme aimed at revamping the ailing cooperative sector in the region. Speaking during the International Cooperatives Day held at the Young Men’s Christian Association Grounds, County Executive Committee Member in charge of Trade, Industry and Cooperatives Farida Salim said her department intends to meet all…
Busia County Executive Committee Member in charge of Trade, Industries, Investment and Cooperatives Omuse Olakachuna has revealed that the county government will enact laws that will strengthen cooperative societies in the region. Speaking at Busia Agricultural Training Centre in Busia town during the 101st Ushirika Day celebrations, Omuse disclosed that some of the issues they…
A Sacco is a member-owned financial cooperative society whose purpose is to pool savings from members and use the funds to provide them with affordable credits. The process of acquiring loans has been simplified and digitized in many Saccos through mobile banking, a process that has made the loans easily accessible to members. Saccos offer…
Garissa county Cooperative Chief Samuel Karanja has lamented over the fact that none of the 79 Saccos in the county is headed by a woman. He blamed male chauvinism in the region, adding that the residents don’t vouch for women leadership despite ladies having proven to be eloquent in leadership in many other areas. Karanja…
Sacco leaders are expressing mixed reactions to the regulator’s call for mergers as deposits get skewed towards large entities. While leaders of various Saccos support the proposal by the Sacco Societies Regulatory Authority (SASRA) that Saccos should consider merging to avoid collapsing, they are calling for caution.Traditionally, Saccos have opted for organic growth, with mergers…
Saccos are increasingly turning their focus on motorcycle riders and women groups for new membership and uptake of products. Motorcycle riders, popularly known as boda bodas, are in particular seen as the fastest growing income group and many Saccos are coming up with targeted products for them. The focus on boda bodas and women groups…
As cooperators troop to various venues across the country to celebrate the International Day for Cooperatives, commonly known as Ushirika Day locally, it’s important to look at what the day means for players in this industry. Ushirika day 2023 has a unique theme of Cooperatives: Partners For Accelerated Sustainable Development. The theme attempts to reflect…
More than 1,800 youth in Meru and Tharaka Nithi counties have received startup capital and kits worth Ksh60 million in a business incubation programme by Zoe Empowers that targets orphaned and vulnerable youths. Zoe Empowers is a non-governmental organisation that supports child headed families and orphans through business and vocational skills training. Speaking while issuing…
Young traders in Embu County have been challenged to form or join Saccos to qualify and access loans to enable them upgrade to become entrepreneurs. Embu County Director of Cooperatives David Muriuki cautioned the traders against underestimating the financial resources they mobilized daily, further urging them to save at least Ksh20 daily. “Saving in Saccos…
Hell broke loose during Sunrise Dairy Cooperative Society in Butali Chegulo ward, Malava constituency annual general meeting after members protested and called for the immediate arrest of staff and individuals who purchased their products and have refused to pay a debt amounting to Ksh218, 000. The members unanimously agreed to surcharge the debt to the…
