Category: Uncategorized
Youth Sacco bridges credit gap
By Hilton MwabiliMombasa County joint Huduma Cohort Youth Sacco has facilitated credit to small and medium enterprises to empower youth. The umbrella body hosting at least 23 minor youth Saccos says the credit will instil financial liberation amongst young people. With an asset base of Sh35 Million, the lender has partnered with the Mombasa County…
Allow farmers to borrow from coffee cherry funds- Munya
By Malachi Motano Agriculture Cabinet Secretary Peter Munya has ordered boards of coffee cooperative societies to allow farmers to borrow from the Sh3 billion coffee advance cherry fund. “It is not right for boards to deny farmers their right by failing to sign forms presented to them.From now on my office will crack the whip…
Create emergency fund for businesses
By Kamundia MuriithiA Sacco in Embu has asked the government to create a fund to support businesses in case of upheavals caused by future pandemics. Focus Realtors Sacco leadership also appealed to various governing institutions to develop measures to relieve the pains of businesses going through hard financial times. The Sacco management recounted that they…
County registers two coops
By Tsozungu Kombe Lamu county government has registered two new cooperative societies to serve the transport and fishing industry. Speaking to Sacco review in Lamu town recently, the County Cooperative Auditor, Nickson Baya said they have registered one Matatu Sacco and a Fishermen’s Sacco. He however said Sacco business in the area was negatively impacted by…
Corruption ails coffee societies, says Munya
By Roy Hezron Agriculture and Cooperatives Cabinet Secretary Peter Munya has assured farmers that the draft Coffee Bill 2020 will curtail corruption in the sector. Under the proposed law will officials leading coffee co-operative societies will only elected to serve for not more than two terms. Coffee factories will also be free to register as…
Moi university students form Sacco
By Martin Ruto Some Moi University students have registered a Sacco to enable them make some savings as they pursue their studies. The students said the Sacco will take care of their welfare and also help meet some basic needs in the institution. “We have decided to form a SACCO to assist our members whenever…
Gov’t urged to pay salaries through Saccos
By Our Reporter Amica Sacco chairman Hezron Maina Muchiri has asked the government to channel salaries for public servants and payment to suppliers through Saccos. Muchiri said the money will boost Sacco portfolios and also improve their financial status. He lamented that payment of civil servants and entrepreneurs exclusively through banks was alienating Saccos from…
Farmers urged to join Saccos
By Tsozungu Kombe Farmers in Taita Taveta County have been urged to join Saccos in large numbers and save heavily to enable them get loans to boost their undertakings. Speaking to Sacco Review from Wundanyi town recently, the Taita Taveta County Cooperatives Commissioner Erastus Gonzi said many farmers lack of adequate capital. He further asked…
Miraa Sacco to disburse Sh122 million fund
By John Majau Agriculture Cabinet Secretary Peter Munya has asked Miraa farmers in Igembe, Meru County to borrow money disbursed to Mwenge Miraa Sacco for business development. Munya, who was flanked by senior ministry officials and EALA MP Mpuru Aburi, said farmers and traders were now able to borrow from a Sh122 million fund which…
Meru launches aflatoxin testing lab
By John Majau Meru County Government has launched an aflatoxin testing laboratory at Kinoru Dispensary to area residents from consuming the fungal toxins. Aflatoxin is feared to be one of the causes of increased cancer cases in the region and the country at large. The lab was launched five years after a study done by…