Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Wasike Elvis Hawkers in the county have been urged to join Saccos for them to benefit from the funds being given by the Government. Deputy Governor Daniel Chemno also said only registered hawkers will be given space to do business, adding: “We wish all the registered members could be given identification tags which will…
Thamani Sacco has come a long way and has supported its members to upgrade their living standards, majority of them being farmers. Its CEO, Rose Kithinji said the Society, formerly Nithi Tea Growers Sacco Ltd was registered in November 1987 with the mandate to mobilize member’s savings and ensuring that they access credit. The Sacco’s…
IG (Invest & Grow) Sacco formerly Kakamega Teachers Sacco is the 2016 best overall Sacco in Kakamega in the International Day for Cooperatives after scooping seven awards out of the possible sixteen. Western Shuttle settled for the first runners up position with four trophies to their name. On the lowest expenditure Sacco category, IG (Invest…
By Stephen Makabila The unveiling of the new co-operative policy is set for December following fast-tracking efforts by government through the State Department of Co-operatives, Ministry of Industry, Trade and Co-operatives. Already, the Policy in its draft form has been cleaned-up and fine-tuned through financial support from the Agriculture Sector Development Programme (ASDP). A senior…
emBy 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 Wesley Ken Nufaika Sacco Society Limited which was ranked Society with the highest dividend rate in Kirinyaga County is giving back to the community through its Corporate Social Responsibility (CSR) programmes. It paid dividends to members at the rate of 13 per cent, the highest in the County and is the reason it was…
. By Joseph Mukubwa Nakonn Sacco Limited gross income improved from Sh2.28 million to Sh4.35 million in the last financial year. The Sacco chairman, Geoffrey Kamau expressed optimism that the institution would record more growth this year. He said vans belonging to the society registered an impressive income during the year with gross income of…
By Wesley Ken. Ardhi Sacco Society Ltd is rolling out various exciting initiatives to transform members’ economic and social welfare. The Sacco is not only scaling up services delivery, it is also diversifying loan products, offering low interest rates on products and opening up the common bond of the society in order to attract more…
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…
. By Munene Maina Bingwa Sacco Ltd has raised Sh103 million in a share drive promotion that started in October last year. “This is a big success for our Sacco. The share drive was an arduous task but I am happy we were able to surpass our target ofSh100 million,” said the Sacco chairman, Cyrus…
