Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
2023 presented an opportunity for cooperatives to renew themselves for business. During this time, they look back and evaluate on whether or not they achieved all the set goals in the previous year. They try to come up with well researched solutions to avoid having a repetition of unproductive strategies. From the beginning of the…
The fifth cooperative principle of Education, training and information encourages Cooperative societies to hold education days to train members, stakeholders and the public on the operations of the cooperatives so they can contribute to the development of their co-operatives and ensure they are run professionally. These trainings bring us to the biggest question of: are the…
People follow leaders whose leadership styles or approaches command respect. That is what Dr. John C. Maxwell calls the Law of Respect in the heroic book titled the 21 Irrefutable Laws of Leadership. Ideally, there are six ways to earn respect as a leader. These include: Some people are born with greater skills and ability…
In this fast changing and dynamic labour market, it is essential for employees to communicate effectively with each other for better understanding as well as increased productivity. Employees who do everything on their own get overburdened to the extent of failing to deliver on their intended targets and results. It is therefore critical to note…
Personal finance refers to a financial management process which an individual or a family unit engages in to budget, save and spend financial resources over a given period of time, considering various financial risks and future life events and expectations. Financial experts argue that personal finance literacy is critical in helping an individual make rational…
Provision of credit facilities is the core mandate of Savings and Credit Co-operative Societies (Saccos). Therefore, prudential credit management practices are key to the facilitation of efficient management and administration of the Sacco loans portfolio. They ensure equity in the distribution of funds to members, thus encouraging efficiency in cash flows. Saccos are always guided…
Cooperatives are an alternative form of economic organization that are based on democratic decision-making and the equitable distribution of benefits among members. In recent years, there has been a growing interest in how cooperatives can promote gender equality and empower women. Cooperatives can be particularly beneficial to women because they offer a space for collective…
On August 27, 2010, Kenya adopted a new Constitution, quickly forming the Transition Authority whose key mandate was to take stock of government assets across the country and oversee their transfer to counties, where applicable. As the country gears up to mark the 10th anniversary of the devolution, there are so many things to take…
On August 27, 2010, Kenya adopted a new Constitution, quickly forming the Transition Authority whose key mandate was to take stock of government assets across the country and oversee their transfer to counties, where applicable. As the country gears up to mark the 10th anniversary of the devolution, there are so many things to take…
The government recently warned Saccos against the culture of declaring ‘impractical dividends’ to members at the expense of financial stability of the institutions. The government’s argument was that if not checked, the trend would lead to the collapse of many Saccos. Since their inception, Saccos have become very popular among Kenyans and provided financial services…
