Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
Financial planning is a critical aspect of achieving long-term financial success for any serious individual, more particularly members of Savings and Credit Co-operatives (Saccos). However, even the best-intentioned plans can go astray if you make mistakes along the way. Here are some common mistakes that Sacco members should always learn to avoid in their financial…
If you spent a day walking through the slums of Kibra or Mathare and later strolled through the leafy suburbs of Muthaiga or Karen, you would understand that the government’s affordable housing scheme is not just about buildings – it is about restoring the dignity of human life. The contrast is more than just about…
Trade is a major part of how the world works. Countries buy and sell goods and services across borders to meet needs, support industries, and build relationships. But trade is not always free. Sometimes, governments place taxes on goods that come from other countries. These taxes are called tariffs. In the United States, tariffs have…
In recent times, rumors have swirled around how some Savings and Credit Cooperatives (Saccos) have been hit by a run, and while it might be true that some Saccos might have issues, it is not true that these financial institutions as a vehicle for lending and saving are on trial. True, like a savings instrument,…
Within Kenya’s healthcare system lies a growing threat: medical debt. Many households, particularly those in low-income brackets, struggle to pay their medical bills, often forced to choose between their health and financial stability. This presents a critical opportunity for cooperative societies to step in by running health facilities or offering medical insurance cover or credit…
A move by commercial banks to cut their lending rates after intense pressure from monetary authorities, is attracting the attention of many financial services users. Do these latest cuts in the price of bank loans pose any threat to SACCOs, considered a serious player in the lending business and Kenya’s financial sector? “This trend to lower…
