Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Amos Kerich A year after Bomet Governor Isaac Ruto took office, he started Multi-purpose Cooperative Societies in every ward in the County. This initiative has greatly boosted the living standards of the Sacco members. When coming up with the initiative, Governor Ruto had observed that he knew very well that the largest percentage of…
By Richard Shichangi Sukari Saving and Credit Co-operative Society Limited has embarked on a programme that involves an elaborate re-branding exercise. Addressing members during this year’s special Annual General Meeting (AGM), Chairman Isaac Sheunda said that the Society has already procured the services of a reputable firm to undertake the re-branding exercise. The AGM was…
People With Disabilities (PWDS) have been urged to save their money through Saccos to receive loans which will enable them expand their businesses. Kenya Re-insurance Managing Director, Jidiah Mwarania said the company has embarked on a campaign aimed at creating independence for people with disabilities. He disclosed that Kenya Re has invested one per cent…
By Amoto Dennis The County Government has set aside Sh20 million to revive ailing local Co-operative societies. Executive Member for Trade, Industry and Tourism, Adam Dhida said the funds will be used as a revolving fund to provide capital base for Co-operative movement. Speaking after launching Tana Mango Marketing Co-operative, Dhida also revealed that more…
By Titus Murithi Embu-based Trans Nation Sacco is in the process of training its members on the Society’s latest products and services, including its digital platforms. This programme is to be carried out by Sacco officials in all the branches of the Society. Members will be introduced to the Societies new premium shares which…
By Munene Maina Lack of a reliable transport for Egerton University staff and students had remained a problem for years until 2011 when staff members approached Egerton University Sacco for support to buy welfare buses. The Sacco bought the idea and by 2012 the staff members were able to buy their first bus fully…
By Amoto Dennis Slightly a year after Gor Mahia FC Savings and Credit Co-operative was launched by the club’s patron, Raila Odinga; the Sacco is moving to gain a foothold in the competitive savings mobilization and credit provision space. Establishment of the Sacco meant to make the club financially independent and also to help…
By Our Reporter It will soon be possible for Savings and Credit Co-operative Societies (Saccos) to share both positive and negative credit information of their members with Credit Reference Bureaus (CRBs). This is if a Bill to amend the relevant statutes, now before a departmental committee of the National Assembly is passed into law. The…
By Jackson Okoth All the Deposit-Taking Saccos supervised by the Sacco Societies Regulatory Authority (SASRA) are expected to begin altering their letter heads, corporate identity, brand names or even logos. This will happen as soon as a proposal contained in The Sacco Societies (Amendment) Bill, 2016, allowing them to change names, is passed into law….
By Jackson Okoth An American consultancy appointed to assist the Sacco Societies Regulatory Authority (SASRA) set up a facility to allow Saccos lend to each other like banks do, is almost completing the task. Madison-based Dave Grace & Associates is expected to provide a roadmap for establishment of central liquidity facility for Savings and credit…
