SACCO

Sacco Loan Book Grows Fastest in Four Years on Covid-19 Hardships

By Sammy Chivanga Savings and Credit Cooperative Organizations (Saccos) members tapped Sh54.19 billion additional loans last year on the back of coronavirus disruptions that hurt incomes for households. The new credit saw the loan book of Deposit-Taking (DT) Saccos rise by 13.41 percent to Sh473.74 billion from Sh419.55 billion, being the fastest jump in four…

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SACCO

Sacco Loan Book Grows Fastest in Four Years on Covid-19 Hardships

By Sammy Chivanga Savings and Credit Cooperative Organizations (Saccos) members tapped Sh54.19 billion additional loans last year on the back of coronavirus disruptions that hurt incomes for households. The new credit saw the loan book of Deposit-Taking (DT) Saccos rise by 13.41 percent to Sh473.74 billion from Sh419.55 billion, being the fastest jump in four…

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Kenya-National-Police-DT-Sacco-Chairman-David-Mategwa

Saccos emerge from Covid-19 morass

By Sammy Chivanga Savings and Credit Cooperative Societies (Saccos) are recording a sharp rise in demand for development loans after the Covid-19 slump. Most Saccos are now happy that members have emerged from the Covid-19 morass that had left the cooperative movement with a lot of liquidity. The demand for development loans is in sharp…

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SASRA Chief Executive Peter Njuguna

Worry as Dormant Sacco Members Hit 1.4m Due to Economic Hardships

By Sammy Chivanga The number of dormant members in the Savings and Credit Cooperative Societies (Sacco) has risen by 79.55 percent to 1.37 million on increased job cuts and delayed salaries from struggling entities. The increase in dormant membership is the fastest in recent years and came on the back of economic fallout that hit…

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Kisumu County Director of Co-operatives,trade and enterprise Susan Kanga. Photo Fredrick Odiero

Youth in Business Asked to Form Saccos for Advancement of Their Activities

Fredrick Odiero The Kisumu County Government has called upon youths who are engaged in various enterprises to form Savings and Credit Cooperative Societies (Saccos) in order to advance their activities. The Director of Co-operatives, Trade and Enterprise Susan Kanga said Saccos when formed will ensure youths borrow credit and other facilities from the government. Addressing youth…

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Over 70, 000 members join cooperatives in Taita Taveta

By Michael Oduor A total of 73,828 members joined different co-operative societies in Taita Taveta County. Savings and credit cooperative societies (Saccos) led in the total number of registered members. Taita Taveta County Co-operatives Commissioner Mr. Erastus Gonzi revealed that there are 98 Saccos out of 190 co-operative societies registered in the county. Gonzi said…

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