Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Ken Langat. A world class Sacco, Ndege Chai Ltd posted significant growth last year despite battling to adjust to various challenges, such as the new credit regulations barriers, unfavourable weather dictates including market parameters that seemed to have dogged most of its members. Sacco members had no options but to swallow bitter pills when…
By Kamundia Muriithi. Winas Savings And Credit Co-Operative Society Limited, formally Embu Teachers Sacco Limited is among Societies that weathered a difficult economic climate, to post impressive results. The Society, with an asset base of Sh3.4 billion, recorded an increase in income to Sh 611 million in the year ended 31st December 2016 compared to…
By Wesley Ken. Solution Sacco Limited reported exponential growth in the year ended 31st December, 2016. This is amid challenges and stiff competition in the Financial Environment. This impressive performance is a culmination of prudent management, provision of market driven products, seminars, excellent customer service and rigorous marketing. Total assets shot up from about Sh2.9…
By Peter K. Angore. Imarika SACCO once again held a memorable end of year get together to award best savers in respect to Malaika Junior Savings account holders. Malaika Junior Savings a/c is a product for children aged 18 years and below. The ceremony was held at the Reef Hotel for all children with accounts…
The County Government is formulating a legal policy framework to accelerate the growth of the Cooperative activities in the region. Governor Ranguma revealed that the County Government in collaboration with the Co-operative Alliance of Kenya is at advance stages of developing a Cooperative Society Bill. In a speech read on his behalf by the County…
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 OlKalou recently 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…
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 Esther Chesoro. Migori dairy farmers are benefitting from 150 dairy cows donated by the County Government in a bid to increase milk production in the County and improve food security. In February last year the County Government, through the Department of Livestock Development, purchased 150 cows for farmers in seven sub counties. According to…
By Jackson Okoth. Kenya’s Sacco sector earned Sh40.4 billion as income from loans, Sh 2.3 billion from investments and Sh 4.7 billion as other incomes, raking in a total income of Sh47.4 billion. This is according to The Kenya Financial Sector Stability Report, 2015 prepared jointly by Central Bank of Kenya, Capital Markets Authority, Insurance…
