Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Enock Kipturgut The County Government of Baringo has launched incubators and backup generators worth Shs 3 million to benefit nine co-operative societies drawn from Kabarnet Ward. The move is aimed at enhancing poultry production. One incubator accommodates 1056 eggs per hatchery. The benefitting cooperative societies include Soramoi, Kimoso, Seguton, Kiboino, Kapchepterit, Kokwomoi, Kaperterot, Jekame…
By Isaac Biwott The Trans Elite County Teacher’s Savings and Credit Cooperative Society in Nandi County is back to its former glory after settling an off-shore loan owed to Oikocredit International. The International micro-finance company of the Netherlands had been approached by the then Nandi teachers Sacco seeking a loan of Sh65 million in a…
By Obegi Malack Women will get grants from the County Government of Kajiado if the proposed Women Empowerment Fund Bill (2021) is enacted into law. The bill which is now at the public participation stage has received overwhelming support from local residents who now want its processing expedited so that they can benefit from the…
BY TALARUS CHESANG Coffee farmers in Baringo have been asked to form cooperative Saccos for economic empowerment. Wildlife Principal Secretary (PS) Prof. Fred Segor said it is through strong societies that the farmers may be able to save and borrow loans to improve and manage their coffee farms. He was speaking during the launch of…
By Martin Ruto Life was bleak for Erickson Omwamba when he discontinued his pursuit for secondary school education due to lack of fees. His parents left Nyanchwa area, Kisii County in in 1989 in search for greener pastures and settled in Saboti, Trans-Nzoia County where Erickson completed his class eight education. “I studied at Nyanchwa…
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 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 Benedict Ng’etich The Kericho County Commissioner for Cooperatives Leonard Otii has lauded Imarisha Sacco Board and the management team for its exceptional service. He also hailed the society for embracing new communication technologies making it possible for members to access services from home during the Covid-19 pandemic. “I would like to to thank the…
