Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Staff Writer Small business owners in Kakamega County have formed a Sacco to enhance their businesses growth. “It will offer loans and business skills so that traders do not rely on hand-outs from politicians,” said Women Representative Elsie Muhanda. Muhanda, who spearheaded the Sacco’s formation, said it will offer members loans and training on…
By Stephen Makabila Imarisha Sacco Chief Executive Officer (CEO), Mr Mathew Rotich has urged youths in the country to join and invest in Saccos for their own economic advancement. Rotich who was confirmed as Imarisha CEO in February this year, noted that most Saccos have ageing members and young people need to join particularly at…
By Erick Nyayiera Disinterest in fish farming and other attitudes are to blame for Nyanza residents’ low uptake of the loans and incentives by the National Government targeting fisher folk. The Government is, however, determined to change this and already has involved 60 youths’ co-opratives in a pilot aquaculture project, according to Joe Robert Okudo,…
By Erick Nyayiera Kenyan farmers have been urged to come up with innovations which can help boosting their crop and livestock production. Kenya Agricultural and Livestock Research Organization (KALRO) Deputy Director General, Dr. Felister Makini said it is only through innovations that farmers can be able to overcome their day-to -day environmental challenges. She said…
By Obegi Malack Private security guards will now be able to access cheap credit facility. This is after National Service and Walinzi Sacco Society announced plans to start giving members loans. The Sacco has over 1,000 members. It draws membership from the private security industry, which has over 500,000 employees. The Saving and Credit Co-operative…
By Our Writer TIT Sacco is now Mount Kenya University Sacco, having re-branded. The Sacco that was founded in 2005 has grown and now has over 1,000 members and member deposits in excess of Sh100 million. It was founded by nine staff members of the then Thika Institute of Technology Welfare. The team came together…
By Munene Maina Safaricom Sacco has finally bagged the coveted ‘Tier One Sacco status’ ranking by Societies Regulatory Authority (SASRA). “As we climb towards the top, it gets steeper; however we are optimistic we shall break into the larger Tier deposit-taking Saccos,” said Collins Ogutu, Safaricom Sacco Chairman. The Sacco closed the fiscal year 2017…
By Munene Maina Muki Savings and Credit Cooperative Society, a fast growing rural based Sacco in Kinangop, Nyandarua County, is a story that began with the sowing of small but well-selected seed that blossomed into an inspiring co-operative. Muki’s phenomenal growth has been a tale of humble beginnings using members’ own savings, and using members…
By Munene Maina Since 1908 when Kenya’s first co-operative society was formed, the sector has continued to grow becoming one of the most vibrant in the world. Currently, ranked first in Africa and seventh internationally, the Co-operative movement has marked a major milestone. In particular Savings and Credit Cooperatives Societies (Saccos), have been billed as…
By Azael Masese The noose is set to tighten on Savings and Credit Co-operative Societies (Saccos) loan defaulters with a proposed law that allows them share records of all members having been tabled for debate in Parliament. Sacco will share amongst themselves the credit records of their members if a Bill before Parliament is passed…
