Sacco

Reprieve for Kwale farmers as Cooperative seeks to cut off middlemen

Farmers in Kwale County no longer have to worry about unscrupulous middlemen, thanks to Kwale Pamba and Viazi Cooperative Society (PAVI). PAVI, which was formed in 2014, has enabled local farmers to participate in agricultural livelihood programmes initiated by Base Titanium Company. According to John Cooke, the programme manager, its membership has grown tremendously over…

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Increase Sacco shares to qualify for higher loans, members told

Uasin Gishu County Executive Committee Member for Trade, Industrialization, Tourism, Cooperatives, and Enterprise Development Martha Cheruto has urged cooperators to work on increasing their Sacco shares and deposits to enable them to access the County Enterprise Development Funds that attract low-interest rates on loans. “Higher savings enable one to qualify for higher loans,” she said….

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KMRC report affordable housing

County support will boost development of resident Saccos, expert says

The Co-operative movement in the country’s Western region can only register development if county governments put proper measures in place to support Saccos in their jurisdictions, seasoned co-operative expert Owuor Awuor has advised. Owuor, who is a long-time regional leader of the giant Ushuru Sacco, observed that most co-operative societies in the region are not…

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County to introduce Revolving Fund to boost cooperatives

Kajiado County Executive Committee Member for Gender, Cooperatives, Culture, Tourism and Wildlife Janet Serio has revealed that plans are underway for the county to introduce a revolving fund to boost cooperatives and revive dormant Saccos. Speaking during the regional Ushirika Day celebrations, Serio said the government is committed to supporting cooperatives since they plan an…

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Kisumu cooperatives

Kisumu CEC lauds cooperatives for transforming lives

Kisumu County Executive Committee Member (CEC) for Trade, Tourism, Industry and Cooperatives Farida Salim has lauded the cooperative movement for positively impacting on the economic stability of their membership. Salim, who was the chief guest during the county’s Ushirika Day celebrations, said the movement had experienced tremendous growth in terms of increased membership and savings….

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SACCO

Saccos declaring questionable dividends, bonuses, says KSPC

Cooperative sector practitioners have expressed concerns over the manner in which Saccos and cooperatives are declaring dividends and interest on deposits, as well as honoraria payments. Through Kenya Society of Professional Co-operators (KSPC), the practitioners observed that there are a lot of malpractices among cooperatives in the way dividends, interest on deposits and honoraria are…

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SACCO

Issue more loans to farmers to increase agricultural production, Govt urged

Bishop Meshach Mukwili of the Africa Brotherhood Church has urged both the national and county governments to provide more soft loans to farmers to enable them expand farms, create employment and boost food production. Speaking during a leaders’ forum in Wote Church, the bishop also reiterated that there is need for farmers to embrace technology so…

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