Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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,…
Saving for retirement is one of the most important financial decisions individuals need to make during their working lives. It is essential to ensure financial security and peace of mind in one’s later years. However, many people struggle with planning for retirement due to limited access to pension schemes, financial illiteracy, or inadequate income. Savings…
Ms. Ndegwa, in an interview with SACCO Review, said that the use of credit scoring as an assessment tool when considering whether to give a loan product to a SACCO member is already happening, particularly where SACCOs are offering mobile loans. “Members apply for mobile loans on online platforms using the mobile app and the…
Among the seven principles of cooperatives/saccos, principle number five talks about Education training and information to members and general public. It encourages that members, 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…
The cost of living is going high day by day in Kenya and Kenyans are finding it difficult to survive the tough economy. There has been ongoing increase in the prices of goods for the business people getting almost un affordable. Basic necessities like food are also getting expensive which have negatively impacted people’s quality…
In discharging their mandate in line with the fifth co-operative 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…
The easiest way to lose a long-time friend is to lend them money. On paper, it may sound like a small act of kindness, the natural thing to do when someone you care about is in need. But in practice, it often marks the beginning of a slow, painful erosion of the bond you thought…
