Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Saccos are democratically owned and member-controlled financial institutions that play a pivotal role in Kenya’s financial services economy. These credit cooperatives more often than not provide a wide range of products and financial services to their members, including but not limited to savings, loans, insurance and investment. Saccos can play an important role in assisting…
Money Market Funds (MMFs) and Savings and Credit Cooperative Organizations (SACCOs) are both money-saving instruments that have gained popularity in the country. And they both promise one thing — to make your money work for you. The two work in different ways therefore understanding their unique features before making a choice is vital. What are…
According to a report submitted by Accenture to the Financial Sector Deepening (FSD) Kenya, Saccos are one of the leading sources of finance, and in many rural areas, local Saccos are the only provider of financial services. Fintechs are becoming invaluable partners for Saccos in Kenya who provide innovative digital solutions to streamline their operations…
Prof Esther Gicheru, the Deputy Vice-Chancellor (DVC) for Finance, Planning and Administration at the Co-operative University of Kenya (CUK), is a story of wit, zeal and resilience. She traces her journey in the cooperative sector that spans over four decades. It is a journey of a lifetime to say the least. She has known no…
In 2009 when dairy farmers in Elburgon ward in Molo Sub-county came together with an idea of collecting milk daily as a group, they had no idea the group would one day give birth to a colossal cooperative Society. The less than 100 dairy farmers had only one reason for coming together: to collect milk…
By Agnes Orang’o A lot of conflicts witnessed in cooperative societies are contributed by failure to follow the rules of cooperatives, says Benedict Ngumbau Chief Officer of Cooperatives in Machakos county. Ngumbau spoke after visiting Koma Housing cooperative society and commended them for their commitment to ensuring every member benefits. Chief Officer said that many…
At this time of the year, most Saccos are either holding Annual General Meetings (AGM) or Annual Delegates Meetings (ADM) to elaborate their growth prospects and reflect on their performance last year. During these meetings, increased membership will emerge as the main focus since it translates to more savings and loan uptake, hence improved capitalization….
Dr Joseph Mwiti’s innovation of manufacturing cement using clay will serve as a welcome relief to thousands of Kenyans who aspire to build home. Dr Mwiti, a lecturer who teaches Chemistry at Meru University of Science and Technology(MUST), believes that using clay to make cement will revolutionize construction and provide a solution to high costs…
By Roy Hezron Co-operative professionals and practitioners, through the Kenya Society of Professional Cooperators (KSPC), have asked the Co-operative University of Kenya (CUK) to re-introduce the traditional cooperative courses it used to offer before it was upgraded to a full-fledged public university. The professionals and practitioners noted that traditional cooperative courses, such as Certificate…
By Gilbert Ochieng Over 500 fish traders operating at beaches in Port Victoria namely Marenga, Mulukoba and Bukoma in Budalangi Constituency, Busia County owe their prosperity to Port Victoria Fresh Fish Co-operative Society Limited that has helped improve on their livelihood. The co-operative society that was started in the year 2005 and registered the following…
