Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By John Majau The Meru County Government in partnership with the Co-operative Bank has introduced a new payment model for coffee farmers which is meant to speed up the payment of cherry once it is delivered to the factory. The new format dubbed the “coffee-cash model” will reduce the lengthy waiting periods farmers undergo before…
By Kamundia Muriithi A co-operative that was started by Jua Kali artisans and small scale traders in Runyenjes town of Embu County now plans to start offering Front Office Sacco Activities (FOSA) to meet increasing needs of its members. Started 10 years ago with an initial share capital of Sh237,000, the Focus Sacco Society has…
By Makoma Musyoka A ward representative has pledged to audit all the coffee societies in Machakos County with a view of reviving the sector which has been run down through mismanagement over years. Speaking to hundreds of farmers at Kilalani Coffee Farmers Co-operative Society in Kangundo Sub-county during this year’s Annual General Meeting (AGM), Kangundo…
By Kamundia Muriithi Nawiri Sacco Society Limited has unveiled an array of innovative products and services meant to promote the financial wellbeing of members. The Sacco has several products targeting the youth to enable them save and access affordable loans. It also has several technologically driven services. The Sacco which is headquartered in Embu town…
By John Majau For a long time in the past, farmers in Meru wholeheartedly engaged themselves in planting and harvesting of potatoes without even the slightest clue of the specific market they intended to sell their produce to. Many would be forgiven for thinking that farmers originally cultivated the crop for the sole purpose of…
By Benedict Ng’etich The General Manager in charge of Operations at James Finlays, Kipchumba Bullut has said the company which is the biggest stakeholder at Ndege Chai Sacco was greatly concerned with the high level of indebtedness by some members. He called on them to borrow loans which they were comfortable with and could be…
By Our Reporter Governor Kiraitu Murungi has called on all the farmers to embrace saving by joining co-operatives. He also asked them to join organized and registered groups to enable them benefit financially from both the National and County Governments noting that it is not profitable for an individual to transport or export a commodity…
By Munene Maina Saccos should move fast enough to cope with modern and dynamic financial strategies. Vincent Marangu , a manager with Co-operative Bank, said this was the only way Saccos can ensure their operations are not affected to sustain their growth. “The co-operative sector has been marked with milestone developments. It is high time…
By Kamundia Muriithi Dairy farmers in Kenya have impressed their counterparts from Sierra Leone in the way they source credit to expand their farming and add value to their produce. A delegation comprising dairy farmers and bank executives from Sierra Leone, while on a benchmarking visit of Blessings Farm in Embu County, said they were…
By Bonface Mulu Kitui Teachers Sacco plans to reduce cases of loan defaults and has partnered with Trans Union to share credit information with other financial institutions. The Sacco Chairman, Dr. Joseph Kithome , said the move would stabilize the Sacco as cases of loan defaults would be minimized and members with bad credit history…
