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ACCOSCA partners Visa to allow access to formal financing for unbanked populations

Sacco ReviewApril 15, 202404 mins

The African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) has partnered with VISA to launch Financial Inclusion in Kenya and Tanzania (FIKT) project to improve access and usage of formal financial services among underserved communities and small businesses. The project aims to leverage the strength of the Sacco sub-sector in Africa and the Visa…

Kenya to partner with Zambia for growth of Cooperatives

Sacco ReviewApril 15, 2024April 15, 202402 mins

Principal Secretary State Department for Co-Operatives Patrick Kilemi has said the Government of Kenya will partner with Zambia’s to improve the growth of cooperatives in the country. The PS who attended a two-day Zambia’s inaugural National Conference on Micro, Small and Medium Enterprises (MSMEs) and Cooperatives in Lusaka, Zambia said the cooperation will enhance and…

Gusii Youth Bunge restructures loans to ease members’ burden

Sacco ReviewApril 15, 2024April 15, 202404 mins

Gusii Youth Bunge Savings and Credit Cooperative Society chairman, Asha Moronya has said the society restructures members loans to ease their burden. Members, notes the official have challenges repaying loans owing to global economic recession and it is necessary for the management to assist them. “We restructure their loans and support them repay the loans…

400 farmers trained on modern farming in Narok West

Sacco ReviewApril 15, 202402 mins

Farmers in Ilmotiok Ward in Narok West, Narok County have undergone a rigorous training for one week which was sponsored by Kupanda2Grow Foundation, a Non-Governmental Organisation based in Netherlands. Over 400 farmers were taught on the modern farming techniques. READ ALSO: Study finds only 20 per cent of women are saving for retirement Area Governor…

Ndege Chai Sacco targets youth recruitment for sustainability

Sacco ReviewApril 11, 2024April 11, 202406 mins

Ndege Chai Sacco has doubled marketing efforts to attract more youthful members to the society. The Chairman Supervisory Paul K.Mutai told delegates that there was need to focus marketing efforts towards the younger generation to ensure sustainability of the Sacco adding, “as the economy improves opening up opportunities for employment and business for the youth,…

World Bank awards Governor Wavinya for exemplary implementation of projects

Sacco ReviewApril 5, 202407 mins

Machakos Governor Wavinya Ndeti has been feted by the World Bank for helping farmers to improve productivity through their cooperative societies. Governor Wavinya was awarded at the county offices in Mavoko on Wednesday April 3 for her collaborative efforts with the World Bank-funded Kenya Climate Smart Agriculture Project (KCSAP) to improve agricultural productivity among farmers….

Stima Sacco assets hit record KSh59.1 billion in 2023

Sacco ReviewApril 3, 202403 mins

Stima DT Sacco has Sacco achieved remarkable growth across all key indicators in the year ended December 31, 2023, this was revealed during the Sacco’s Investors briefing meeting in Nairobi. The Sacco which turns 50 years this year paid members dividends at a rate of 15 per cent and rebates at 11 per cent. This…

Machakos farmers asked to plant trees for economic benefits

Sacco ReviewApril 3, 2024April 3, 202402 mins

Machakos Deputy Governor Francis Mwangangi has asked farmers in the county to take advantage of the ongoing rains to plant more trees in their lands and harvest water for domestic use. The region which often experiences long dry spells, has been receiving heavy rainfall, which is expected to continue. The deputy governors also encouraged farmers to plant…

Saccos in Mt Kenya teach members good money habits

Sacco ReviewApril 1, 202406 mins

The managements of various Saccos in Mt Kenya region have intensified campaigns to educate their members on skills for prudent management of borrowed funds in a bid to tame increasing cases of default in loan payments. Most Sacco are still grappling with recovery of funds held in defaults by borrowers mainly attributed to prevailing economic…

Kilifi’s Imarika Sacco gets new treasurer

Sacco ReviewApril 1, 2024April 1, 202403 mins

The vibrant Imarika Sacco Limited in Kilifi County has a new treasurer, Sylvester Charo. Speaking to Sacco Review in Kilifi town recently, Charo who has been the Imarika Sacco Secretary has replaced the former Treasurer, Reuben Gideon Kaphu who has retired from the teaching profession after attaining the retirement. While talking to Sacco Review from…