Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
By Kamundia Muriithi Winas Sacco has constructed an ultra-modern office building at Kiritiri market centre in Mbeere South which will host its operations starting this year. The rest of the office space will be rented out to the local business community. “This is our first plaza constructed by us since the inception of our great…
By Wesley Ken Solution Sacco Limited has formulated its strategic plan targeting to grow total assets to Sh10 billion by the year 2020. This Strategic Plan focuses on key strategic areas that will steer the Society into greater heights. The overall objective of the strategic plan is to enable the Society be financially stable and…
By Our Reporter National Co-operative Housing Union Chair Francis Kamande has said that only 16 per cent of urban dwellers own houses while the rest live in rented houses. Kamande said by 2030, at least 50 per cent of Kenyans will be living in towns hence the need to invest in real estate. “In 2009,…
By Kamundia Muriithi A Ward Representative has petitioned the Embu County Assembly to draft a law compelling state security organs to protect dried coffee beans in farmers’ co-operative societies. Ruguru Ngandori MCA Sammy Muturi decried the escalation of cases of theft of coffee from stores at various factories. He said Gakundu Coffee Factory in his…
By Kamundia Muriithi More than 2,000 green grams farmers in Makima area of Embu County have come together to form a co-operative society to help in marketing of the crop following a bumper harvest. They intend to start the co-operative by donating a 90 kilogramme bag of green grams each. A bag currently sells at…
