Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By John Majau Meru County Government has released Sh10 million to the Meru People With Disability (PWD) Sacco to empower them economically. The money will be lent out to members across the County at low interest rates in line with the devolved government’s promise to empower PWDs. Speaking when he presented the cheque to Sacco…
BY TALARUS CHESANG The Sh85 million Baringo Cha Coffee factory has been commissioned in a 2.5 acre Tugen hills farm in Baringo North. There was some tussle with the location of the milling plant; some stakeholders proposed Baringo North while others wanted it taken to Eldama-Ravine sub-county. Baringo Governor Stanley Kiptis said they had been…
By Benedict Ng’etich Saving and Credit Societies in Bomet County have been urged to adhere to the recommended key audit ratios if they want to succeed. Bomet County Government auditor K. Kemboi asked local societies to be compliant on recommended key audit ratios of member’s savings.“Some key audit ratios like the retained reserves are geared…
By Nancy Masit Nancymasit80@gmail.com. Members of Nkoilale Women Group in Narok South Sub-County are now engaged in commercial bead weaving which has impacted positively on their lives. Magdalene Ntinka who is the production officer at their craft centre said the group was started in 2005 and has 85 women whose main activity is beadwork and…
By Malachi Motano Kitui County Textile Centre (KICOTEC) will supply uniforms to all matatu crews operating along the Kitui – Nairobi route. The Passenger Service Vehicles (PSVs) Sacco for Matatus operating on the route struck the deal with County governor Charity Ngilu for the textile company to dress up its members and the operators. The…
By Tsozungu Kombe Women and Youth Saccos in Taita Taveta County have been heavily affected by the Covid 19 pandemic. Speaking to Sacco Review in Wundanyi recently, Taita Taveta County Cooperative Commissioner Erastus Gonzi said the performance of women and youth Saccos was still very poor. He revealed that the business is still facing a…
By Tsozungu Kombe Members of Mangrove Cutting Sacco in Lamu County have been urged to cooperate fully and revive their dormant Sacco in and uplift their living standards. Lamu County Cooperative auditor, Nickson Baya told Sacco Review said members should revive the Sacco and also to ensure that they sustain it. He said the society…
By Malachi Motano Small traders in Othaya, Nyeri County have no reason to worry of where to save their hard earned money after they registered a new Sacco. Small intrepreneurs and mechanics can now use the Sacco in mobilising savings in the County and beyond. According to the traders Sacco chairman Joseph Wanjohi, the entity…
By Benedict Ng’etich The chairman Sotico Sacco Samuel Munyao Nzeki says they faced challenges because of member’s defaulting on loan repayment. He told delegates that they tried to assist members having huge unbearable loans by amalgamating them but the process was only a short term remedy. “That is because members found themselves in default again…
By Our Reporter Sirisia Sub County residents have been urged to invest their money in Co-operative Sacco’s to boost their lives economically. Speaking in Namwela during cherry payment, Kikai Rural Sacco Director Mr. Justus Wafula said people are facing tough economic constraints especially during this Covid-19 period due to lack of investment. “So many people…
