Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In the bustling world of finance, where banks chase profits and fintechs disrupt with algorithms, Savings and Credit Cooperative Organisations (SACCO) stand as beacons of community-driven empowerment. As someone who’s long admired the grassroots ethos of SACCOs—rooted in mutual aid and shared prosperity—I’ve often pondered how these member-owned entities could evolve beyond mere savings clubs…
When the Central Bank of Kenya (CBK) issues a directive, the financial sector listens. And this week, a critical shift landed squarely on the desks—and mobile phones—of millions of Kenyan borrowers after KCB Bank publicly announced its transition to the Revised Risk-Based Credit Pricing Model (RBCPM), a framework crafted and mandated by the CBK. The…
Data mining is extracting meaningful, significant, implicit, largely undiscovered, potentially beneficial patterns or knowledge from massive amounts of data. It is the series of steps to discover new, hidden, or unexpected ways in data Data mining is not just about understanding the past but also about preparing for the future. It helps businesses understand demand…
Kenya’s dream to become the Singapore of Africa is bold, visionary and deeply inspiring. It speaks to a nation that aspires to rise above its struggles and claim its rightful place among the world’s most advanced economies. Yet for that dream to move from rhetoric to reality, Kenya must confront the uncomfortable truths that continue…
Across Kenya’s fertile plains and green highlands, farming remains the heartbeat of the nation’s economy. Yet, beneath the beauty of thriving crops lies an unseen danger — the unchecked use of pesticides. These chemicals, meant to secure bountiful harvests, are increasingly linked to serious health complications and environmental damage. What makes the situation even more…
Recent statistics for the 2024/2025 financial year reveal a glaring disparity in the annual bonus rates paid to tea farmers across Kenya’s key tea-growing regions. While farmers in the East of Rift Valley and Mt Kenya regions receive relatively higher bonuses ranging from Ksh26 to Ksh57 per kilogram of green leaf supplied, those in the…
Do you have an elaborate flow of information in your Sacco? And to what extent do your members access the necessary information about their Sacco. In the 21st century people want to be informed about everything about their savings, credit performance, investment and any other thing that affect their lives. It would be prudent to…
In discharging their mandate in line with the fifth co-operatives principle as published by the International Co-operative Alliance, co-operative institutions all over the world take the initiative of providing education and training for their members, elected representatives, managers and employees to enhance their capacity to effectively contribute to the development of their co-operative organizations. That…
Among the seven principles of cooperatives, principle number five talks about Education training and information to members and general public. It encourages that member, stakeholders and the public need to be taught, trained and given information on the operations of the cooperatives. This principle has been adopted and exercised in almost all cooperatives over a…
Savings and Credit Cooperative Organizations (SACCOs) have long been heralded as engines of financial empowerment, particularly in underserved and emerging markets. They provide a lifeline for millions by offering affordable credit, encouraging savings, and promoting economic inclusion. Yet, like any other financial or corporate institution, SACCOs are not immune to the inherent cycles of growth,…
