Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese. Tenhos Sacco Society Ltd has embarked on a series of training sessions to improve the financial literacy of its more than 8000 members. Chief Executive Officer, Alexander Langat said this is part of their objective to ensure members make wise investments for better returns. “To continually improve on our members’ economic well-being,…
By Joseph Mukubwa. Biashara Sacco is set to open its branch in Thika town. Sacco chairman, Joseph Njamuku said Sacco that has nine branches in Mt Kenya region is set also to expand to other regions in future. Other branches are in Nyeri, Embu and Laikipia counties. “Membership has increased from 48,000 last year to…
By Enock Kipturgut and Wasike Elvis. Uasin Gishu County Youth Bunge Sacco President, Elijah Koech has urged the County and National governments to fund youth based Saccos. Saying Saccos are the way to go as youth in the County seek economic empowerment, Koech said the agvernment should fund youth Saccos to uplift the members’ living…
By Jackson Okoth. In its effort to spread its catchment area and get more business as well as membership, Yetu Sacco has made its entry in the country’s capital City in style. The Sacco recently opened a branch in Nairobi, along Latema road on the ground floor of Magomano Building. And it is not done…
By Joyce Mong’are. Meru Central Cooperative Union has diversified its operations for more revenue generation to enable them finance their operations without any funding from the farmers. Imenti House on Nairobi’s Moi Avenue is to be upgraded into a 25-storey building by the union.The group will also develop a shopping mall and a storeyed commercial…
Goodway Sacco has started a bodaboda loan scheme for the youths aimed at enabling them acquire bodabodas to start income generating activities. Targeted are those who are been employees of other bodaboda owners. The repayment for the loan is Sh200 per day. The beneficiaries must be in a group of at least three operators or…
By Joyce Mong’are. Nyandarua’s Industrialization and Co-operatives Executive Judy Nyambura recently announced plans to revive collapsed cooperative societies in the County. Speaking in OlKalourecently Nyambura noted that 15 societies had already been revived in the last one year and 30 more were lined up for the same. Nyandarua has a turnover of more than Sh500…
By Daniel Njoroge. Muranga-based Mentor Sacco Society Limited recently introduced a product through which dairy farmers will access quality animals on credit and enable them boost their milk production. This cow ownership credit programme is a financial package offered to dairy farmers by the Sacco in collaboration with Muranga County Government. “The County Government is…
By Esther Chesoro. KiambuGovernor William Kabogo recently commissioned a 5000 litrecoolant and milk pasteurizer at Muguga Dairy FarmersCooperative Society in KabeteConstituency. Christened ‘Kiambu County Milk Value Addition Project’, the move is intended to improve the quality of dairy farming from simple milk production to manufacturing of a variety of cheese, yogurt and other dairy products….
By Richard Shichangi. The County Co-operatives Officer, Samwel Khatenya has asked Saccos in the region to develop strong check off systems when giving out loans to members. This is to reduce incidences of members defaulting on their repayments. Saccos, he pointed out, will also improve their cash flow through an elaborate loan recovery system. “Although…
