Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
ODM nominated MP for Youth Umulkheir Harun has urged boda boda riders to form Saccos to empower them to greater socio-economic heights. Speaking during the end of a three month long drive to register boda boda operators in Garissa Township, Harun called on national leaders and public institutions to empower the riders who are key…
Deputy President (DP) Rigathi Gachagua is set to preside over a three-day Coffee Stakeholders Conference in Meru town which officially kicks off on Friday morning. The conference which will be held at Three Steers Hotel will be graced by county governors, senators, MPs, MCAs, national government officials, farmers and coffee sector players who will come…
Stima DT Sacco is gearing up for the launch of new branches in Kisii, Meru and Nairobi counties. The branches, which will be launched on June 30, 2023, will be located on the ground floor of Waumini Plaza, second floor of Greenwood Mall and First Floor of Electricity House in Kisii, Meru and Nairobi counties…
KIMISITU Sacco has now opened a satellite office in Kisumu to bring services closer to their members and save them the trouble of having to travel long distances to get services. It will serve the entire Western Kenya region. Sacco chairman Jotham Opiyo said their intention was to spread their reach to adjacent regions such…
Solution Sacco, through its Corporate Social Responsibility, has fully sponsored more than 60 bright but needy students in Meru County. The students, who scored 350 marks and above in last year’s KCPE exams, also received Mathematical sets, Bibles, metal boxes and other school necessities. Solution Sacco Chairman Francis Murithi said as a Sacco they are…
