Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe. Saccos have been urged to embrace Information Communication Technology ( ICT ) in a bid to enhance efficiency and deliver services to members. Alfred Mlolwa, Quetu Sacco chairman and KUSCCO Director for Coast and North Eastern said many Saccos had failed to deliver quality services to members due to lack of ICT…
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 Kiptanui Rutto. Angaza Africa Sacco, based in Thika town, has set its eyes on attracting the youth by having products and services that appeal to this segment. The Society is focused on assisting the youth own property and run business while also paying school fees for pupils in secondary school. “We have products tailor-made…
Gakuyo Real Estate has partnered with Ekeza Sacco to enable its members own homes at a cheaper price and acquire suitable land for farming in Kaloleni, Mavoloni. The company has started plot allocation. Gakuyo Real founder cum Chairman Dr. Kariuki Ngari said the land is good for agri-business especially horticulture farming. He said members will…
Embu County Government has been urged to establish a revolving fund where Saccos can borrow funds at low interest rates and loan to their members. Daima Sacco Chairman John Njeru said the County Saccos were the best wheels for poverty eradication since they empowered small traders, farmers and youths to expand their ventures through affordable…
Chuka Housing Co-operative Society has has joined in the epic transformation of Chuka town, a fast growing business hub in the County. The society, which broke out from Chuka Farmers’ Co-operative has turned around the face of the town after constructing state-of-the-art buildings. It enjoys rent from Co-operative Bank, Thamani and Southern Star Saccos among…
Potato farmers in Elgeyo Marakwet have formed Cooperatives to lobby the County Government to fast-track implementation of potato weight laws. Residents with assistance of Tecno-serve International are petitioning the county administration to ensure that weigh standards are fully implemented in a bid to cushion farmers from exploitation by middlemen. Tecno-serve Field Extension Officer, Emmanuel Lagat,…
By Richard Shichangi. Members of Mudete Tea Factory Growers and Savings Co-operative Society have approved an ambitious Sh 34.8 million budget for the Society for the next financial year. Considered a giant, Mudete Sacco, located in Kakamega East Sub County, held its Special Delegates Meeting recently at Sacco Plaza where delegates unanimously approved the budget….
By Staff Reporter. Saccos that want to meet the capital adequacy requirements may opt out of paying high dividends and instead put their surplus into retained earnings. Members of a Sacco usually get acrimonious when directors declare dividends that are not impressive. Directors usually recommend unfavourable dividend payout when the surplus declines or that most…
By Munene Maina. Kiambu residents are reaping big from the Co-operative sector as many embrace societies to increase their savings and access to affordable credit facilities. The sector is among the key drivers in the County economic growth, according to County Co-operative Commissioner Ephraim Mathenge. The importance of the sector is the reason why the…
