Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe. The Kwale County Co-operatives Officer, Levina Lenjo has commended local residents for joining Saccos in large numbers, citing the case of many merry go rounds that have since turned into Saccos. The County had only one deposit-taking Sacco, Kwale Teachers Sacco, which has since rebranded to Tabasamu Sacco. This number has increased…
By Munene Maina. Business people and residents of Nakuru County towns can now access credit at low interest rates in addition to other co-operative services as more Saccos open branches in the region. Nakuru and Naivasha towns have recently recorded an increase in the number of savings and credit co-operative societies (Saccos) operating in the…
By John Ochieng. Members of Rongo Dairy Farmers Cooperative Society recently staged a violent protest over failure by the Society to pay them for milk deliveries. Hundreds of dairy farmers participated in a demonstration in Rongo town, before threatening to burn down the Co-operative Society’s offices. This prompted police officers from Rongo Sub County to…
Governor James Ongwae has launched a Kisii County Boda boda Savings Credit and Co-operative Society to assist motor-cycle operators mobilize savings for personal economic empowerment. Speaking in Kisii town during the launch of the sacco, the Governor said the County Government will inject Sh200,000 into the sacco as part of the starting capital and assured…
Dairy farmers in the County are recording low milk production as a result of the drought which has stricken the region since mid this year. According to Sam-Malanga Dairy Co-operative Society manager, Japheth Ayoo, their members’ milk supply has tremendously reduced thus affecting profitability. He states that as opposed to the previous period when they…
By Jackson Okoth. Not all Saccos with deep pockets are keen to acquire parcels of land for its members or even construct expensive maisonettes and bungalows for sale. “Although we possess the largest total assets size, we have not gone big on property because we do not want to down members’ cash for long periods….
Saving and Credit Co-operatives Societies in the County have been commended for uplifting livelihoods of local people. “I have been able to expand my business through loans from my Sacco,” said Peter Lenkupae a businessman in Maralal town. The two major Saccos in the county- Supa and Dumisha have continually recorded growth of membership as…
By Amoto Dennis. A Community Development Group Sacco has been established in Garissa town. Chaired by Ubah Saadi, the group of 80 women has Nadho Roone as its Secretary while Kheira Gedi is its Treasurer. According to the Secretary, the group was started in August last year, after members intermittently contributed money over a long…
By James Wakahiu. Urithi Housing Cooperative Society Limited Chairman and co- founder Samuel Ngugi Maina has said his society is taking a quantum leap in making sure they provide property for all its members. Speaking at Taji Gardens near Blue Post Hotel in Thika along the Thika – Murang’a Highway recently, Maina said the society…
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…
