SACCO

Digital loans a threat to Saccos, Director laments

Garissa county Director of Cooperatives Samuel Karanja has expressed concern that with the aggressive mushrooming number of digital money lenders, the Sacco movement stands threatened. Speaking to Sacco Review in his office, Karanja lamented that the other challenge Saccos face is high loan defaults owing to the harsh economic times. “Most people opt for digital…

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Kisii County Co-Operative Boss Asks Parents to Encourage Their Children to Save in Saccos

By Gilbert Kobi Kisii County Commissioner for Co-operative Development, Pamela Kemunto has urged parents to support their children to embrace the culture of borrowing loans, making investments and saving in Savings and Credit cooperative (Sacco) societies to boost their incomes and strengthen the societies. The Commissioner challenged the parents to secure loans from the Sacco societies…

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Kakamega allocates co-ops Sh25 million

By Cally Imbayi Governor Wycliffe Oparanya says Kakamega County will spent Sh25 million to strengthen cooperative societies that have been performing poorly. He revealed that they have prioritized streamlining of the cooperatives movement in the county to improve living standards. “We have allocated Sh25million for development of the cooperatives sector out of which Sh18million will…

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