Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Uasin Gishu County government has highlighted some of its development in the last four years under devolution. During the period, the County’s Enterprise Development Fund (CEDF) disbursed loans amounting to Sh80 million to 35 Co-operative societies at an affordable interest rate of between 5 and 8 per cent. The societies have also been trained to…
By Dennis Bett. Metkei Farmers Co-operative Society, located in Elgeyo Marakwet County, plans to process milk delivered by farmers. The Society which has received financial received support from the County Government to purchase a processing machine worth Sh20 million, will see its members benefit through better prices for their milk. Speaking outside the Society’s offices…
By Dennis Bett. Smartlife Sacco members have been warmed against defaulting on their loan repayments, Chief Executive Officer, Haron Biwott said those failing to meet their obligations with the Savings and Credit Co-Operative Society will be listed by Credit Reference Bureaus (CRBs). Speaking during the Sacco’s Annual Delegates Meeting (ADM) in Kapsowar town recently, Biwott…
By Our Reporter. Homa Bay County Government has launched a Boda Boda Sacco bringing together more than 1,500 registered members.. Speaking at Rangwe recently, Governor Cyprian Awiti (pictured) said his office will set aside Sh6 million to get the Sacco on its feet. He said his administration plans to open motor cycle spare part shops…
By Ben Oroko. Small-holder Dairy farmers in Gusii region are a happy lot following Wakenya Pamoja Sacco Society’s dairy value chain loan project that targets farmers in organized groups. The Sacco’s Agri-business Manager, Fred Miruka explained that the project aims at assisting small-holder farmers to shift from subsistence farming to agri-business through modern farming technologies….
By Our Reporter. Nyanza residents should be sensitized on the importance of investing in Saccos to empower them economically. The Kenya Union of Savings and Credit Co-operatives (KUSCCO), Western Region Manager, Stephen Makori lamented that most Saccos in the region are formed with short-term goals in mind, hence they don’t last. Saying the region had…
By Kiptanui Rutto. Kajiado West residents have been urged to join Saccos in order to save for a better future. Speaking during Serian Sacco Annual General Meeting (AGM) at Olooltepesi Picnic Site, Keekonyokie Ward Member of County Assembly (MCA), George Sunkunya (pictured) said the only sure way of saving in a developing nation is through…
By Wasike Elvis. National Government has started paying dairy farmers the money Kenya Co-operative Creameries (KCC) has owed them for 20 years. Deputy President William Ruto said Sh500m has been set aside to offset the debt across the country. “In Uasin Gishu County out of the amount, 287 million will be paid to over 10,000…
By Azael Masese. Laikipia County Government promised to support the growth and performance of Unison Sacco Society Ltd, as it seeks to improve financial inclusion in the region. Governor, Joshua Irungu noted that with lower interest rates offered compared to commercial banks, Unison Sacco will be central in accelerating the region’s economic growth. “I am…
By Ken Langat. Simba Chai Sacco Society Limited defied harsh economic times to post impressive financial performance in 2016. According to the Society’s financial results for the year ended December 31, 2016, the Sacco registered an increase in net loans from Sh793 million to Sh968 million, a 22 per cent rise. Membership of the Society…
