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How teacher used Sacco loan to venture into lucrative onion farming

By Martin Ruto Martin Kororia is not only a passionate teacher, but he also loves farming. He is currently doing well in onion farming, which he is now considering expanding. …

Youths take back seat in key Sacco positions

Only 10.5 per cent of the DT-Saccos’172 CEOs are below 35 years latest Sasra data shows By Sammy Chivanga Young people are conspicuously missing from essential Savings and Credit Cooperative…

Saccos warned on risky borrowing to acquire assets

By Azael Masese Savings and Credit Cooperatives Societies (Saccos) must desist from investing members’ deposits or borrowing to put up rental or commercial buildings. Acting Cooperative Commissioner Geoffrey Njang’ombe noted…

As ATM use wanes, Saccos deepen digital services

By Sammy Chivanga Savings and Credit Cooperative Societies (SACCOs) are deepening digital services to conveniently serve customers as branches and Automated Teller Machines (ATMs) popularity drops. Many Saccos are now…

Saccos dangle goodies to attract big savers

By Sammy Chivanga Savings and Credit Cooperative Societies (Saccos) are now turning to a cocktail of reward schemes to recognise and retain big savers as well as encourage other members…

Only 3 per cent of women occupy top slots in Saccos

By Munene Maina Men dominate top management and leadership positions in Deposit-Taking Saccos new data shows. The Sacco Societies Regulatory Authority (Sasra) latest Sacco Supervision Annual Report, 2019 indicates men…

Kwara boosts Saccos mitigation of Covid-19

COVID-19 is accelerating SACCOs’ digital transformation. Covid-19 caught many businesses by surprise. One of the most affected sectors by the lockdown and social distancing measures implemented by the government was…

Gains in Sacco subsector must be protected

DT-Saccos have continued to show great depth of resilience and stability. Last year, the financial institutions recorded a double-digit growth rate according to latest Regulator’s data. The Saccos’ total assets…

Dormant membership in Saccos rises to 670,000

By Sammy Chivanga The number of dormant members in the Savings and Credit Cooperative Organisations (Saccos) has risen by 40.1 per cent to 676,052 on increased job cuts and delayed…

Cooperatives directed to retain auditors in absence of AGMs

By Our Reporter The regulator has directed all non-deposit taking Saccos to maintain their external auditors for another year after Covid-19 scuttled annual general meetings (AGMs) where a change of…