Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Ndichu Kamau. Githunguri Dairy and Community (GDC) Sacco has widened its revenue base through ventures that will see it generate more income. GDC Sacco now has an Insurance Agency catering for Life and General insurance products, has a Paybill Number and Mobile services (GDC Spot Cash) that allows members to pay their loans, increase…
By Amoto Dennis. Garissa County Co-operative Commissioner, Daniel Mutiso has urged co-operative societies to embrace good governance to succeed in their operations. Speaking to Sacco Review in his office in Garissa town recently, Mutiso said poor management of saccos has led to dismal performance of most of them. “Chief Executive Officers (CEOs) and Board members…
By Amoto Dennis. Garissa County Woman Representative aspirant, Maryam Sheikh Abdi who is contesting the woman representative seat on a Thirdway Alliance Kenya ticket, has advised women to form Saccos to enable them acquire funds from the Women Enterprise Fund. She said the setting up of the fund is a noble Government endeavour meant for…
By Our Reporter. Capital Sacco has announced record business results for 2016, in which the company saw impressive year-over-year revenue growth while signing a record number of new members. Capital Sacco Marketing Manager, Mr. Kenneth Gitonga said the business brushed off a tough business environment to post impressive results. He said the Sacco’s growth was…
By Makoma Musyoka. The Chief Executive Officer of Universal Traders Sacco Society in Machakos County, Mr. Dominic Mutunga has urged women and youth groups to embrace a saving culture so as to eradicate poverty. He told them to join cooperatives as they are powerful vehicles of social inclusion and political and economic empowerment of their…
By Tsozungu Kombe. Ushuru Sacco will continue to leverage on new and emerging innovations in order to improve service to its members, sacco’s National chairman, Mr. Isaac Kiprop has said. He said the sacco launched in 1970, is an institution focused on the provision of credit and related payment technologies. Speaking during the sacco’s Annual…
By Tsozungu Kombe. Forty nine co-operative societies in Kwale County have so far been registered by the State Department of Co-operatives Development since devolution started in 2013. Kwale County Co-operative Commissioner, Ms. Levina Lenjo said that all saccos in the county must register with State Department of Co-operative Development first before starting any business transactions….
By Our Reporter. Coffee farmers allied to co-operatives in Nyeri, Meru and Kirinyaga counties reported improved earnings for cherries delivered to factories this year compared to the previous year. In Kirinyaga, farmers were paid Sh119 per kilogramme of cherry delivered at Thirikwa factory, the highest in the county in the history of the crop in…
By Charles Akivaga. Savings and Credit Co-operative Societies (Saccos) will have to move with speed and align themselves with the changing legislations to remain competitive. According to George Ototo, the Managing Director of Kenya Union of Savings and Credit Co-operatives (Kuscco) Limited, leaders of various Saccos will have to adapt to the new changes in…
By Our Reporter. The list of Savings and Credit Co-operative Organizations (Saccos) that are adopting modern business practices so as to meet rising expectations from their members is becoming longer. The latest player to join this elite club is Ukulima Sacco-which recently attained the ISO 9001: 2008 Certification, completing a journey that began way back…
