Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kilifi county government has so far set aside Ksh750 million for Wezesha Fund to enable the business communities boost their activities. Speaking during a public meeting at Misufini village, Mariakani MCA Martha Koki said that Wezesha Fund is a revolving Fund which is repaid without any interest. “Wezesha Fund, formerly Mbegu Fund, is actually meant…
Kaloleni Sub-County Cooperative Officer Evans Malombo has revealed that the 32 registered cooperative societies in the area have disbursed loans amounting to Ksh175,420,309. He noted that the cooperatives have mobilized a turnover of Ksh41,424,998 and share capital of Ksh19,387,684. “Sadly, only 18 cooperatives are active,” he lamented, noting further that membership currently stands at 2,158….
Some time back, I told you that we have been working on a honey processing business with my old friend Ole Gunia in Mavumbi town. Despite numerous setbacks, I am delighted to inform you that the business is up and running, thanks to the support of my better half Nectar and Ole Gunia’s zeal. Gradually,…
Kwale County Cooperative Director Mohammed Mkanga has revealed that at least 200 dormant cooperative societies in the county are set for revival. Mkanga said this year, three dormant cooperative societies have already been revived. He revealed that there are many dormant cooperative societies yet there isn’t sufficient budget allocated for their revival since the department…
Kaloleni sub county Youth Development Officer Festus Matee has urged the beneficiaries of the Uwezo Fund to promptly repay their loans to enable other groups benefit. Matee noted that from the Ksh23, 255,000 issued to 192 Women, Youth and persons with disability groups in Kaloleni Sub County, only Ksh7,234,060 has been repaid. “That translates to…
Kwale County Cooperative Director Mohammed Mkanga has revealed that at least 200 dormant cooperative societies in the county are set for revival. Mkanga said this year, three dormant cooperative societies have already been revived. He revealed that there are many dormant cooperative societies yet there isn’t sufficient budget allocated for their revival since the department depends…
Vipingo Workers Savings and Credit Cooperative Society Limited, established in 1988 to cater for the financial needs of workers in Kilifi South, Kilifi County, faces an uncertain future due to mismanagement of members’ funds. The Sacco’s instability is caused by irregular lending practices. The chronic financial mismanagement, highlighted by a Ksh41 million loss in an…
Mrs. Agnes Kadzo Unda, a member of Imarika Sacco, can attest to the benefits of being a member of a Sacco. Unda joined the Sacco in 1982 after completing her P1 Teacher Training Course at Kagumo Teachers Training College. Speaking to Sacco Review in her residence in Ganda village in Malindi Sub County recently, Unda…
Kilifi County Deputy Governor Flora Mbetsa Chibule has stressed the need to support cooperatives as key enablers of Kenya’s improved social and economic growth. Cooperatives, she said, cut across all the sectors of the economy, namely agriculture, mining, housing, transport, and manufacturing. In addition, they are known worldwide as instruments of poverty eradication and wealth…
Traders in Kilifi county have been advised to apply for Wezesha Fund ( formerly Mbegu Fund ) from the county government to boost their businesses. Speaking during a public function held in Malanga village in Malindi sub county, Sokoke Ward Member of County Assembly ( MCA ) Thaura Mweni said the loans do not have…
