Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Our Reporter As various Saccos alter and amend their by-laws to allow members to be represented through a delegates system, a section within the co-operatives system are not uncomfortable with this emerging trend. The question is whether members should retain Annual General Meetings(AGMs) as the supreme authority of a Sacco or pass this authority…
. By Dennis Bett Agriculture Cabinet Secretary, Willy Bett has re-affirmed the Government’s commitment to invest in an insurance scheme to cushion farmers from crop failure, a move which is meant to mitigate against losses caused by climate change. Flanked by the Elgeyo Marakwet County Governor, Alex Tolgos, Senator Kipchumba Murkomen and officials from agricultural…
By James Wakahiu More than 1, 000 youth will benefit from a Sh50 billion technical training support and market linkages under an entrepreneurship programme dubbed 2jiajiri by the Kenya Commercial Bank (KCB) in collaboration with Bidco Oil Refineries Limited. Under the partnership, KCB will offer the technical capacity building and Bidco will provide a guaranteed…
By Titus Murithi Chuka-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 have…
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…
