Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Calistus Imbayi Kakamega Rural Roads Workers (KRRW) Sacco Ltd is one of the fast-growing financial institutions in Kakamega County, having set its goals and focused on steadily scaling the heights to the top most position. The society’s income target projection for the year 2018 is Sh6, 580,000, with an average monthly income of Sh520.000….
By Our Reporter Unaitas Sacco, which recently opened its 25th branch in Kisumu city, is eying to become a fully-fledged commercial bank. Unaitas Chairman Joseph Kabugu said the institution has invested Sh700 million on infrastructure upgrade in readiness for commercial banking. “We are ready to go, even if the licence was to be granted today….
By Talarus Chesang Baringo coffee farmers have opposed ongoing plans to relocate a multi-million coffee factory from Katimok Forest in Baringo North to Koibatek Agricultural Training Centre (ATC) in Eldama-Ravine. Residents put on the spot the County Governor Stanley Kiptis over earmarked relocation of the Sh100 million-worth coffee factory. “Construction of the modern Coffee Milling…
By Munene Maina Delay in remittance of loan repayment deductions by the National and County governments is causing headache for Sacco bosses. This has seen the growth rate of non-performing loans (NPLs) for most Saccos derailing growth in their businesses. New Sacco Societies Regulatory Authority (SASRA) survey also indicated some governmental institutions particularly public universities,…
By Munene Maina A new body to set standards of training and hiring of co-operative employees has been launched. Staff members in all co-operative societies will now undergo thorough vetting to ensure they meet the requisite academic qualifications before they are allowed to serve. The outfit, made up of scholars and experienced co-operators, is also…
By Erick Maranga Ubunifu Sacco continues to assist youth to enhance savings and financial inclusion.The youthful Sacco Chairman Frank Odindo said young people are the future of the country making it essential to cultivate a savings culture among them. This, he added, will increase financial inclusion and boost the sector’s deposits. What started as a…
By Our Reporter CoreTEC Systems & Solutions is the leading Mobile (Digital) Financial Service Application provider company in country’s Sacco sector. In a recent survey conducted by Sacco Societies Regulatory Authority (SASRA), the firm ranks at the top of the leading companies in provision of digital technology to Saccos. According to 2017 Sacco Supervision Annual…
By Our Reporter Surestep Sytems and Solutions Ltd has been rated highly among the leading ICT service providers in the Sacco sector. In a new Sacco Societies Regulatory Authority (SASRA) annual supervisory report, the company is one of the 12 credible service providers serving a high number of savings and credit co-operatives in the country….
By John Majau Tharaka-Nithi Deputy Governor Francis Kagwima has urged the youth in the area to form or join registered groups in order to benefit financially from the Government and donor funding. He said only registered youth groups will benefit from donor, national and county governments funding. Speaking to leaders at Ntunyai market, Kagwima said…
Kibugu Farmers’ Co-operative Society was awarded the overall prize for paying the highest average income per member in the county. The society emerged top in eight categories during the Ushirika Day celebrations in Embu County. It produced 2.56 million kilogrammes of cherry and was followed closely by Murue Co-operative with 2.25 million kilogrammes. The society’s…
