Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina More farmers in co-operatives are set to benefit from agriculture loans that will improve their income. World Council of Credit Unions (WOCCU) has extended its partnership with societies in the country to support more farmers. Recently, WOCCU Chairman Brian McCrory and President Brian Branch visited Siraji Sacco in Timau for a partnership…
By Enock Kipturgut Deputy Commissioner for Cooperatives Development and Marketing Stanley Ongeti has lauded Boresha Sacco for its major strides in branch expansion beyond its base. Speaking the 27thAnnual Delegates Meeting held in Eldama Ravine, the Commissioner said that Boresha Sacco is among a group of large Saccos across the country due to its resource…
By Munene Maina Laikipia West Co-operative Officer Rosemary Ngugi has cautioned residents against joining any new Sacco that opens offices in the area without knowing them better. She noted many Saccos were opening branches in the area and it was prudent for the public to seek more information before saving their money with them. “We…
By Munene Maina Deposit Taking Saccos will have to realign their books of account to meet new taxation requirements. The Sacco Societies Regulatory Authority (SASRA) has amended the Sacco Societies Deposit Levy. Subject to a maximum levy of Sh10 million per annum, deposit-taking Saccos will now have to comply with new rates in paying annual…
By Our Reporter Nairobi County leads the country in the number of highest savers in the cooperative sector, with the highest saver hitting Sh76 million, the county’s Cooperative Commissioner Dolphine Alemi has said. Speaking during Nyati Sacco Annual General Meeting recently, Alemi said Kenya is one of the leading countries in the world in cooperative…
By Kamundia Muriithi A co-operative that was started by Jua Kali artisans and small scale traders in Runyenjes town of Embu County now plans to start offering Front Office Sacco Activities (FOSA) to meet increasing needs of its members. Started 10 years ago with an initial share capital of Sh237,000, the Focus Sacco Society has…
By Makoma Musyoka A ward representative has pledged to audit all the coffee societies in Machakos County with a view of reviving the sector which has been run down through mismanagement over years. Speaking to hundreds of farmers at Kilalani Coffee Farmers Co-operative Society in Kangundo Sub-county during this year’s Annual General Meeting (AGM), Kangundo…
By Kamundia Muriithi Nawiri Sacco Society Limited has unveiled an array of innovative products and services meant to promote the financial wellbeing of members. The Sacco has several products targeting the youth to enable them save and access affordable loans. It also has several technologically driven services. The Sacco which is headquartered in Embu town…
By John Majau For a long time in the past, farmers in Meru wholeheartedly engaged themselves in planting and harvesting of potatoes without even the slightest clue of the specific market they intended to sell their produce to. Many would be forgiven for thinking that farmers originally cultivated the crop for the sole purpose of…
By Munene Maina Dimkes Sacco has tightened the noose on defaulters in a bid to enhance debt collection and loan book management. In an aggressive loan recovery strategy, the Sacco collected in excess of Sh100 million in the financial ended 31st December 2017. “Loan default has been a challenge but our resolve is to keep…
