Seek cheap loans from giant Saccos, small co-ops advised

By Erick Nyayiera Small co-operatives operating in Nyanza and Western region have been urged to consider exploiting loaning facilities from the giant Sacco organisations to maximise productivity. Western regional Chairman Ushuru Sacco Owuor Awuor regretted that most Saccos in the western and Nyanza region have suffered exploitation from the commercial banks who charge huge interests…

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Co-ops urged to work together

By Our Reporter Saccos in Kisumu have been urged to participate in county cooperative forums for exchange of ideas and bonding. County Ushirika Council chairman Edward Matoke  also said the cooperatives should also work hand in hand with county government to be more productive. He challenged the county cooperatives to have ball games and other…

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Farmers told to establish agribusiness saccos

By Erick Nyayiera Farmers in Siaya County have been encouraged to establish more agribusiness Savings and Credit Co-operative societies (Sacco’s) to enhance their socio-economic development. Bondo Sub-county Director of Co-operatives Aineah Ayamba said Siaya County will only develop if farmers can move from traditional forms of co-operative societies which only dealt with specific crops such…

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Societies urged to improve share capital, deposits

By Azael Masese Savings and Credit Co-operative Societies in Machakos County have been urged to conduct aggressive marketing campaigns to increase their business volumes. County Co-operative Officer Joe Maina  noted that critical among them is to improve on their share capital and deposits. Despite the societies’ closeness to Nairobi and the commercial opportunities it presents,…

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County urged to channel Co-op Development Fund through Saccos

By Erick Nyayiera Siaya County government through the department of Enterprise and Industrial Development has been asked to channel its Co-operative Development Funds to residents through established Savings and credit co-operative societies (Sacco’s). According to Bondo sub-county Commissioner of Co-operatives Aineah Ayamba, the Co-operative Development Fund will only benefit Siaya residents if it is channeled…

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Women Sacco plans to change to a bank

By Our Reporter Homa Bay County Women’s Sacco is on the verge of turning into a bank. The Sacco is currently pursuing a partnership with the Women Enterprise Fund (WEF) to fulfill its mission. The society was started by Woman Representative Gladys Wanga about three years ago. Currently it has 10,000 members. Its success has…

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Women Sacco gets Sh10m boost

By Our Reporter Homa Bay County Women Sacco has received financial boost to strengthen its operations. The society received Sh10 million from Women Enterprise Fund (WEF) and two million shillings from the County Government. Homa Bay County Woman Representative Gladys Wanga said the Sacco was established to enable women be economically independent. “The funds will…

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