Form Saccos, Taita Taveta women advised

By Tsozungu Kombe Women in Taita Taveta County have been urged to form Saccos to uplift their standard of living. Speaking during Qwetu Sacco Annual Delegates Meeting held at Tsavo East Galaxy Resort in Voi town recently, Taita Taveta County Cooperative Commissioner, Andrew Mbinga said the County Government will continue to support Saccos in the…

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Kavuda Sacco to offer FOSA services

By Richard Shichangi. Kakamega Vuma Daima Sacco has declared 10 percent payment of dividends to its members and another 8 percent payment of interest on members’ deposits. Addressing members during the Sacco’s Annual General Meeting held at the County Social Hall, the Sacco’s chairperson, Mrs Iris Masambaga urged members to use the earnings to boost…

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Youth Sacco unveils plan to help members make money

By Dennis Bett. Elgeyo Marakwet Youth Bunge Sacco has embarked on a mission to establish income generating activities to empower members. It is planning to partner with Safaricom and other financial institutions to set up business activities like M-PESA, Bank agents and building plots and homes for rental purposes. Speaking during the 2017 Annual Delegates…

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Saccos face tough times ahead over regulation

By Kephas Ayiecha. Savings and Credit Co-operative Societies (Saccos) faced tough times ahead if the government goes ahead with plans to effect amalgamation of financial institutions. One such Sacco is the Trans National Times Sacco Society (TNTs) based in Kitale which has an increased financial base of Sh1.1billion. Speaking during the Sacco’s Annual Delegates Meeting…

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Tea farmers told to diversify production

By Ken Langat. Tea farmers have been asked to diversify farm production in order to enhance their source of income. Kenya Midland Sacco Chief Executive Officer, Robert Rotich (pictured) said that most of the farmers are affected during unfavourable weather conditions and market price conditions. Rotich who attributed high rate of defaulting among members to…

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Governor: Open Co-op College in the County

By Wasike Elvis. Governor Jackson Mandago has urged the National government to open a Co-operative College in the county. He said that this will offer training on how to manage Savings and Credit Societies (Saccos). “Despite us reviving over 100 Co-operatives and giving them loans, some of the officials lack managerial skills leading to them…

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Winas Sacco to embrace agency banking

By Kamundia Muriithi. Winas Sacco plans to go big on agency banking in a bid to decongest its banking halls and deliver efficient services to its members. Robert Njue, the Chairman of the Board of Directors revealed that plans were in high gear to launch WINAS Mashinani, which will ensure the Sacco has agents in…

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