Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Covid-19 pandemic and its disruptions have introduced a new way of life not only at the individual level but also in business operations. Virtually every sector of the economy has been affected. This has essentially changed human and consumer behaviour and has further led to a great shift in priorities and preferences that we…
By Kage Njoroge The Amica Sacco debt recovery unit collected Sh105 million by end December last which risked being lost as bad debts. The unit was created to go after loan defaulters and ensure the stability of the Saccos business. Amica Chief Executive Officer (CEO) James Mbui says the debt recovery unit which was charged…
By John Majau The government will soon conduct a census of dairy farmers and their livestock in the country for better planning. Agriculture Cabinet Secretary Peter Munya said the collection of data which the ministry will undertake in collaboration with the county governments will help in mainstreaming the dairy sub sector. Speaking at a local…
By Malachi Motano Over 200 small scale traders in Busia are now benefiting from from ‘County Trade Revolving Fund’ meant for economic empowerment. According to Governor Sospeter Ojaamong,’ 220 traders benefited from from the fund and encouraged others to take advantage of such loans as their terms are friendly. “The loan has friendly interest of…
By John Majau Small businesses are set to benefit from affordable low interest loans under a post-Covid-19 recovery strategy that was launched by the Meru County government recently. Meru Governor Kiraitu Murungi said small holder businesses will access loans ranging from Sh2000 to 30,000 through mobile app dubbed ‘Sacco-Benki’. He was speaking at an event…
By Amoto Dennis The Garissa County Cooperative Officer Samuel Karanja has made a passionate appeal to youth and women in the areas to form cooperative societies in order to uplift their living standards. Karanja told Sacco Review that the government has set up a sharia compliant regulations for Muslims in the banking sector. He added…
By Fred Sitati The much-anticipated turnaround of coffee cooperatives following the introduction of cherry advances to the farmers by the recently created New KPCU continues to elicit mixed reactions from farmers. A cursory assessment shows that the uptake of this facility remains way below expectations despite frantic efforts made by industry players since last year….
By Amoto Dennis The Garissa County Cooperative Officer Samuel Karanja has made a passionate appeal to youth and women in the areas to form cooperative societies in order to uplift their living standards. Karanja told Sacco Review that the government has set up a sharia compliant regulations for Muslims in the banking sector. He added…
By John Majau Cabinet Secretary Margaret Kobia has asked women and youths to apply for loans from the government empowerment funds kitty. Speaking at Kinoru Methodist of Kenya (MCK) Church where she issued Sh9.15million to women groups from the Women Development Enterprise Fund kitty, Kobia said the money will empower and transform the lives of residents….
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…
