Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina Dimkes Sacco has tightened the noose on defaulters in a bid to enhance debt collection and loan book management. In an aggressive loan recovery strategy, the Sacco collected in excess of Sh100 million in the financial ended 31st December 2017. “Loan default has been a challenge but our resolve is to keep…
By Joseph Mukubwa Biashara Sacco whose headquarters are in Nyeri town will open a branch in Nairobi by August this year. The Sacco Chairman Kamau Njamuku said some of its customers are business people who buy goods in Nairobi. The Sacco chairman was speaking during the Sacco’s Annual General Meeting at ACK Cathedral Hall in…
By James Wakahiu Over 5,260 shareholders of Broad Borders Housing Co-operative have received Sh4 million dividends for the year ended December 2017. In an annual general meeting held at a hotel in Murang’a, the shareholders resolved to be paid dividends at a rate of 12 per cent. The Housing Co-operative Chairman Jeremy Karemeri said the…
By Our Reporter Amica Sacco in Murang’a County plans to expand their mobile banking platform Amicash by increasing the number of registered members, setting a target of 70,000 from the already registered 14,000. Chief Executive Officer James Mbui said the move has been initiated to raise the Sacco members’ deposits and increase profits in the…
By Ndichu Kamau Githunguri Dairy and Community (GDC) Sacco has rolled out agency banking to become the first sacco to launch this service in Kiambu County. Also, in an effort to bring services closer to its 23, 318 members, GDC, after authorisation by Insurance Regulatory Authority (IRA), will now offer insurance agency services. These achievements…
By James Wakahiu Urithi Housing Co-operative Limited will construct 5,000 housing units this year for its members. Urithi Marketing Director Kevin Manjau Muthuri said the initiative will ensure their members get decent and affordable houses and stop living in rental houses. Muthuri said his society will be complementing the Jubilee’ agenda of providing decent and…
By Kage Njoroge A Co-operative University lecturer, Stanley Miring’u has advised the management of Mentor Sacco to be innovative and provide products which will solve problems affecting the people. Miring’u pointed our that to survive in this highly competitive financial sector Saccos must design products which tackle challenges, needs and problems facing the society to…
By Joseph Mukubwa Nyeri County Government has pledged to create platforms to enable knowledge and experience sharing among co-operatives so as to improve the trust and confidence in the sector. Governor Mutahi Kahiga said he has already directed the department responsible for co-operatives to beef up the capacity in terms of human resource charged with…
By James Wakahiu Nyandarua County Government will support the co-operative movements and individual groups through a revolving fund in order to enhance economic emancipation in the area This was revealed by the CEC in charge of Youth Gender and Co-operatives in Governor Francis Kimemia’s government, Muthoni Wamuiya when she represented the Governor in the 42…
By Munene Maina Nyeri Governor Mutahi Kahiga has pledged to revitalize the co-operative sector in the county. The Governor said his Government will employ more staff in co-operative department to fast-track inspection of all co-operatives. “Co-operatives are essential in our county economy and we are committed to promoting good governance in all societies,” said the…
