Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kisii County Governor Simba Arati has launched the Farmer Enumeration and Profiling Project to transform the county into an agriculture and business hub. “This programme will provide a road map for eradication of poverty by addressing food insecurity and in turn boost agriculture which is our main source of wealth,” he said. Arati was speaking…
Ng’arisha Sacco has reiterated its commitment to cushion its members from the harsh economic times in the country. Speaking while addressing the press at a Members’ Education forum at Posta Grounds in Bungoma town, Chairman Benedict Simiyu noted that they have extended the grace period for loan repayment to upto 12 months to ease the…
Metropolitan Sacco members have staged protests demanding refund of their money totaling over Ksh7.7 billion. The members marched to the Sacco main office in Kiambu town to deliver a petition with a raft of demands. Led by their colleague, Fredrick Kago, the members demanded that; the Sacco sells its assets including land and pay members…
The Principal Secretary (PS) for State Department of Cooperatives, Patrick Kilemi, has reiterated the government’s pledge to support the cooperative sector by implementing dynamic policies and regulatory frameworks. Kilemi made the remarks on November 15 in Mombasa during a workshop which brought together cooperative sector shareholders from across the country to brainstorm on how to…
Stima DT Sacco has reviewed the repayment periods of its loan products, allowing borrowers more time to adjust to the country’s economic situation without defaulting. “We are delighted to announce that Stima DT Sacco has reviewed its credit products. These changes will see an extension on the repayment terms of our credit facilities. We urge…
The Cooperative Bank of Kenya has been ranked the best for demonstrating sustained commitment to driving a positive impact on the environment through sustainable lending practices. The bank, for the fourth time in six years, has scooped the Top 2023 Overall Sustainable Finance Catalyst Award, confirming its commitment to financial sustainability. The results were released…
Deputy President Rigathi Gachagua has announced that the government will release the coffee cherry revolving fund to farmers soon. He said the government has allocated Ksh4 billion, adding to the Ksh2.7 billion that was earlier allocated, assuring that the government is committed to restoring the glory of the sub-sector as was in the 1980s. “The…
The Ministry of Co-operatives and MSMEs Development has allocated Ksh500 million to Kenya Co-operative Creameries (KCC) to purchase excess milk after a dairy boom following the heavy rains being experienced across the country. While addressing the press in his office, Cabinet Secretary (CS) Simon Chelugui announced that the funds will be immediately disbursed to KCC…
Technological advancement is fast-shaping operations and performance in the Sacco and wider financial and banking sector, lessening inconveniences and the high cost of opening and running physical branches. A spot check by Sacco Review has established that more Saccos prefer mobile banking to agency banking due to convenience for members and more profit to the…
Simon Chelugui, the Cooperatives and MSMEs Development Cabinet Secretary (CS), has released a report which indicates a steady growth in the Sacco industry for the past one year. Chelugui said that all the 360 Saccos regulated by the Sacco Societies Regulatory Authority (SASRA) have seen tremendous growth in assets, deposits, loans, and capital from November…
