Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe The Co-operatives model has been described as the best vehicle when it comes to fighting poverty in Kenya as it encourages members to embrace the culture of savings. Deputy Co-operatives Commissioner in charge of Finance and Banking Services at the State Department of Co-operative Development, Mary Mungai stressed that Co-operatives can make…
By Alfred Mosoti A top Sacco official has said challenges facing the Sacco industry has little or nothing to do with the past Kanu regime. John Peter Getundu, Treasurer of Tower Sacco, is urging members to instead concentrate on how to be more efficient, productive and competitive. Getundu attributes challenges facing the co-operatives sector to…
By Ben Oroko Lack of access to finance due to factors such as collateral, complicated administrative procedures in loan applications and prohibitive interest rates is affecting and limiting investment and productive capacity of women in Kenya. It is against this background the Kisii County Government has swiftly moved in to facilitate women from the County…
By Enock Okong’o County Governor James Ongwae has lauded Kisii Youth Bunge Sacco for being the best managed among youths’ saccos in the country. Ongwae was speaking at Kisii Sports Club during presentation of Best Performance Certificate to the Sacco chairperson. The Governor was informed that the giant youth owned Sacco plays a key role…
By Our Reporter Sacco Societies Regulatory Authority (SASRA) has advised smaller Deposit-Taking Savings and Credit Cooperative Societies (Saccos), whose market is shrinking, to consider mergers or consolidation as possible survival options. This comes after the Authority this year, withdrew Front Office Service Activity (FOSA) licenses for eight Deposit-Taking Saccos after they failed to meet the…
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…
Governor Jackson Mandago has challenged Co-operatives officials to ensure they effectively and transparently deliver on their mandate as they are entrusted by their members. Speaking to Sacco Review at Chemororot Primary School in Soy Sub-County recently during a meeting with over 20 Cooperatives members and their officials, Mandago said the success of Cooperatives depend on…
E/MARAKWET 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…
EMBU 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…
By James Wakahiu Urithi Housing Co-operative Society has acquired a 5-acre plot within Nairobi area and has begun construction of apartments under a project that will cost it over Sh500 million. The Osten Terrace Gardens Apartments will comprise three storied buildings on a parcel of land that is located 13 kilometers from the Eastern Bypass…
