Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Dr Philip Munyao, a doctor in Matungulu constituency, has asked banks and micro -finance institutions to come up with schemes to motivate coffee growers in the region. Dr Munyao asked the financial institutions to train farmers on investment opportunities, saying that if there were regular forum organized by the finance institutions, the interactions would enlighten…
A study by the Financial Access Initiative (FAI) has shed light on the role of entrepreneurs and financial service providers in providing SMEs with customized credit facilities to enable them improve their services. Titled Kenya Small Firms Diaries Study, the study revealed that 51 per cent of the adult population in Kisumu county own small…
Bee farmers in Embu county are championing for the creation of a Sacco to streamline the production and marketing of honey and products of bee keeping. Catherine Ruguru Nyagah, the coordinator of the farmers in Embu county, said the formation of a Sacco to deal with bee farming is now in the final stages and…
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…
Coffee farmers have suffered a great deal after prices of their commodity dropped by almost half this year. At Kabare Coffee Farmers Co-operative Society Limited for instance, which is affiliated to Kirinyaga District Co-operative Union Limited, farmers were paid between Ksh72 and Ksh92 per kilogram, rates that were far much lower than last year’s of…
Bee farmers in Embu County are championing the creation of a Sacco to streamline the production and marketing of honey and products of beekeeping. Catherine Ruguru Nyagah, the coordinator of the farmers in Embu County, said the formation of a Sacco to deal with bee farming is now in the final stages and will eventually…
As the country’s hard economic times bite, boda boda riders, farmers and traders from the Western region have been asked to join Saccos and invest in the future to cushion themselves against the current cash crunch. Speaking to journalists in Busia town, Faridi Sacco chairman Godfrey Saidi said many boda boda riders are facing a…
Geoffrey Njang’ombe, former Commissioner of Cooperatives, has a unique demeanour; polite, cool and collected. Yet behind the tranquility of mien is a tough uncompromising personality, but not in the usual sense of intense outlook commanded by senior corporate gentlemen and ladies. His amiability goes beyond common etiquette, transcending even the wiles of temptation in the…
Kenya Union of Savings & Credit Co-operatives (KUSCCO) National Chairman George Magutu has urged women and youth to vie for leadership positions in their Saccos to take them to the next level. Mugutu said for many years, youth and women have been sidelined hence they should rise up and be ready to take up positions,…
In 2009 when dairy farmers in Elburgon ward in Molo Sub-county came together with an idea of collecting milk daily as a group, they had no idea the group would one day give birth to a colossal cooperative Society. The less than 100 dairy farmers had only one reason for coming together: to collect milk…
