Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Kamundia Muriithi. Among his age mates, Silvano Mbogo, 30 is one of the emerging successful entrepreneurs in Embu County with investments in transport, food and money lending business. Mbogo has a fleet of seven motorbikes, runs butchery -cum-rice business, and operates an informal money lending bureau, in addition to employing eight people. He credits…
By Kage Njoroge. James Kimani Mbui the Chief Executive Officer of Muranga-based Amica Sacco Ltd, formerly Murata Sacco is considered one of the captains in the Sacco industry with vast experience. Considered one of the best performing Chief Executives, the 48-year- old Mbui begun his journey in the Sacco industry more than 26 years ago…
By Jackson Okoth. Intense lobbying by the Sacco industry has succeeded in ensuring that the Sacco Societies Regulatory Authority (SASRA) will not be merged into the yet to be constituted Financial Sector Authority (FSA). The National Treasury has proposed the creation of a merged financial services regulator that will amalgamate the Retirements Benefits Authority…
By Stephen Makabila. The new Commissioner for Co-operative Development, Mary Mungai, has spelled out her four major priorities for the sector’s transformation, strongly indicating it will not be business as usual for the sector. “I intend to bring positive change for the sector’s development, not to add up to the statistics of those who have…
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…
