Regional - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Vihiga’s 95 registered Saccos plagued by challenges

Sacco ReviewJuly 31, 2020August 4, 202003 mins

By Our Reporter Vihiga County has well over 95 registered co-operative societies based on agriculture and savings and credit co-operative societies (SACCOs), housing, handicraft, and transport services. These co-operatives are distributed as follows: four dairy, five coffee, 57 savings and credit (Saccos), 12 housing, and 17 other co-operative societies based in the informal economic sector….

Private school Saccos experience financial impotence as Covid-19 cases hit the ceiling

Sacco ReviewJuly 20, 2020July 20, 202002 mins

By Tsozungu Kombe Private school-based Savings and Cooperative Societies (Saccos) in Mombasa County have been greatly affected by the Covid-19 pandemic. Mombasa County Cooperative Commissioner Nelson Nyoro attributed this to the closure of schools that took effect when the first case of Corona virus was reported in he country. He added that the situation has…

Bestrock Sacco pays dividends to members online

Sacco ReviewJuly 18, 2020July 20, 202003 mins

By Boniface Mulu The management of the Kitui based Savings and Credit Cooperative Society Limited has paid a total of 1,480,508 shillings dividends to approximately 500 members online. Normally, the society pays dividends to the members during their annual general meeting (AGM) that is usually held in April yearly but the Sacco could not hold…

Central

Kiambu county coffee co-operatives unite to rejuvenate sector

Sacco ReviewJuly 16, 2020July 16, 202007 mins

By Felix Wanderi Kiambu County coffee co-operative societies have now come together under one association in a bid to resurrect the sector. The 22 societies came together to form Kiambu County Coffee Farmers Association so as to foyer the government support for coffee production, processing and marketing. Kiambu County Governor James Nyoro said the move…

Bungoma County Government urge farmers to join Saccos

Sacco ReviewJuly 13, 2020July 15, 202003 mins

Bungoma County Government is set to revive the dormant co-operative societies in the region. Stella Mutsotso, the Chief Officer in charge of Co-operatives urged farmers to join co-operative societies in order to empower themselves economically. “If our farmers join co-operative societies, they will get better returns of their agricultural produce based on their bargaining power….

Coast

Women Saccos raise Sh11m to bolster operations

Sacco ReviewMarch 4, 2020March 4, 202001 mins

By Tsozungu Kombe Women Saccos in Lamu County have received a boost of Sh 11 million to enhance their activities. The money was raised during a fundraiser held recently. The county has also registered four youth Saccos according to the area Cooperative Auditor Nickson Baya. Speaking to Sacco Review in his office, Baya urged youth…

Mwenji Catholic Parish starts foundation to support needy learners

Sacco ReviewMarch 2, 2020March 2, 202004 mins

By Asa Maina Mwenji Catholic Parish in the Archdiocese of Nyeri is in the process of starting a foundation to help pay fees for needy learners in the society. Parish priest Benson Kiboi said the kitty will cater for the fees of learners struggling to pay both in secondary schools and higher learning institutions in…

Bad debt leaves Kumisa Sacco in financial crisis

Sacco ReviewFebruary 26, 2020February 26, 202005 mins

By Felix Wanderi Poor decision making and bad debts have plugged Kumisa Sacco into a financial mess. During a recent Sacco AGM held at Kirigiti stadium, it emerged that the institution started in 2013 is on the verge of collapsing owing to liquidity challenges. The Sacco Board of Directors Secretary John Gakure informed members that…

Rift Valley

Mandago urges Saccos to embrace technology

Sacco ReviewFebruary 21, 2020February 21, 202002 mins

“We must embrace technology and be careful that we deploy the best technology that will not attract loses or prone to cyberattacks,” said Mandago.

Central

Murang’a coffee societies sign deal with Italian firm

Sacco ReviewJanuary 24, 2020January 24, 202002 mins

By Joyce Wambui A deal has been approved by the County Assembly of Murang’a and an Italian firm allowing five corporative societies to sell their produce in Italy. This was after a research tour was conducted and the corporative societies’ management signed a memorandum of understanding with Ibarico Sri Italy. The farmers’ societies include: Thikagiki,…