Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Erick Nyayiera Kisumu County Government is seeking to mobilise over 30,000 boda boda operators to join or form Saccos. The outgoing Co-operatives Director in the county Zephaniah Osok said boda boda Saccos have the potential to spur development in the area. “If they can each contribute to their Sacco at least Sh 100 daily…
By Felix Wanderi Cooperative societies in Kiambu County have been urged to have a strong role in creating decent jobs and empower local communities economically and socially. This was emphasized during the 97th Ushirika day celebrations held at Limuru Model Primary School. “Co-operatives being value-driven enterprises owned, controlled and run by members should serve to…
By Mathews Achola Trade and cooperatives department in Busia County is considering partnering with Metropol and Trans Union Credit Reference Bureaus (CRBs) in sharing data of beneficiaries of the Cooperative Enterprise Development Fund (CEDF). Chief Officer in the department Nelson Kwamini to Sacco Review the move to share the data is meant to ensure defaulters do…
By Washington Okellah Fish traders from Port Victoria town in Budalangi constituency, Busia County have been urged to form SACCOS to access development loans. Speaking after launching a 14 seater Nissan van bought by Maningo SACCO members, Budalangi MP Raphael Wanjala said SACCOS are the bridges that lead to instant wealth. He lauded the Sacco…
By Erick Nyayiera Kisumu County has outlined strategic measures to improve the performance of the Saccos. County Ushirika Council chairman Edward Matoke noted that they are working towards streamlining leadership of the potential cooperative societies including the merger of the small and unviable co-operatives. “We have numerous small uneconomical co-operative societies which must be merged…
By Benedicto Ng’etich Savings and Credit Co-operative Societies in Kericho County have been challenged to form a local bank. Kericho Deputy Governor Susan Kikwai noted that Saccos in the county and the neighbouring Bomet County are well-established and stable to form a strong financial institution. She was speaking during the 97th International Cooperative Day celebrations…
By Dennis Bett Farmers from the North Rift region have welcomed President Uhuru Kenyatta’s order to revamp the Kenya Farmers Association (KFA). The KFA Director, Kipkorir Menjo, accompanied by other farmers’ representatives, Jackson Chemweno and Joseph Tanui, said the President’s order was long overdue. Menjo said farmers representatives from Uasin Gishu County will be travelling…
By Rosemil Oduor A member of the Kenyan Union of Savings and Credit Cooperatives (KUSCCO) Sylvester Kadzola received a Distinguished Service Award (DSA) for his exemplary service to the international credit union movement. He was presented with the honour during World Council of Credit Unions conference in The Bahamas. According to WOCCU Kadzola sat on…
By Andanje Wakhungu Acquisition of land has been cited as a major impediment in the implementation of Malava Housing Cooperative Society housing scheme in Kakamega County. According to Sacco chairman John Lumbatatia, the process of acquiring land has been so expensive making it difficult for the society to acquire and allocate parcels of land to…
By Godfrey Wamalwa Busia Governor Sospeter Ojaamong has urged Sacco members to make timely loan repayments. This, he said, will boost the institution’s financial base. Governor Ojaamong was addressing members of Malaba Border Riders Sacco recently during a funds drive to support purchase of a mini-bus. He noted that without discipline in lending and repayment…
