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Technology to support the growth of Saccos in Kenya – How?

The Covid-19 pandemic and its disruptions have introduced a new way of life not only at the individual level but also in business operations. Virtually every sector of the economy…

OPINION: Resolve stalemate in coffee coops

By Fred Sitati The much-anticipated turnaround of coffee cooperatives following the introduction of cherry advances to the farmers by the recently created New KPCU continues to elicit mixed reactions from…

How IFRS 9 has affected Saccos

By Josphat Irura IFRS 9 – Financial Instruments became effective on January 1, 2018 and immediately replaced IAS 39, Financial Instruments – Recognition and Measurement. It was meant to respond…

Co-operative sector receives Sh 4.6bn

By Jackson Okoth The State Department for Co-op­eratives has received increased fund­ing in the financial year 2019/2020, to enable it finalize review of the Na­tional Cooperative Policy, Coopera­tive Societies Act…

How Saccos can maximize return on ATM and mobile banking channels

By Mary Wanjiru Ndung’u Saccos have experienced tremendous growth in channel use over the recent past. A channel is defined as the means through which members can access Sacco products.…

Rethink on opening of common bond timely

The Government has communicated of its intention to go slow on approving plans by saccos that seek to open the common bond. Common bond is where a sacco recruits members…

Saccos should say no to corruption

 

Membership referral strategies can boost Sacco recruitment

By Mary Wanjiru Ndung’u Savings and Credit Co-operative Society’s (Saccos) membership recruitment is an ongoing process that requires planning and a well thought out strategy. The reasons as to why…

Why Saccos are critical for the unbanked population

By David Kipkorir. As the country celebrates 95th International Co-operative Day, (locally known as Ushirika Day) on July 1, 2017, Savings and Credit Co-operative Societies (Saccos) continue to play an…

Coop Commissioner: Target youth market or perish

Gichuki also asked Saccos to incorporate youth and women in their leadership structures as a way of boosting membership from these two groups. Speaking during an Exclusive interview with the…