Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Erick Nyayiera Juakali artisans and small scale traders in Siaya County have been urged to join Savings and Credit Co-operative Societies (Saccos) to get easy access to cheap loans.Siaya County Director of Co-operatives, VitalisOkech has said small scale traders can easily accessloans through Saccos compared to commercial banks. He lamented that NyanzaRegion was still…
By Our Reporter. Warsan Dairy Cooperative Society in Wajir County loses at least 10,000 litres of milk every month due to poor roads. The society regretted that due to the deplorable state of roads in the rural areas, they incurred heavy loses while delivering milk for processing. Speaking to Sacco Review, the Society‘s Manager, Abdisalam…
By Kurgat Marindany. The Government has granted mortgage tax relief privileges to the Housing sub-sector so as to encourage its growth and development. Industry, Trade and Co-operatives Cabinet Secretary, Adan Mohamed made the disclosure during the 2017 95th Ushirika Day celebrations. The CS said the grant was caused by a Miscellaneous Amendment Bill and has…
By Erick Nyayiera. Thirty four entrepreneurs from Busia, Siaya and Kisumu counties have been issued with cheques for Sh5.2 million by the Kenya Commercial Bank (KCB) Foundation as start-up capital for their businesses. The beneficiaries of the start-up capital had successfully undergone a three months vocational skills training course at various institutions in their respective…
By Kage Njoroge. Muranga County Dairy farmers are stepping outside the box to turn their farms into Dairy Co-operative societies. Small scale milk producers have come together under Dairy Co-operative societies which have empowered them to address their needs and determine the pricing of their produce. In the last four years, the County Cooperative Director,…
By Felix Wanderi. Kiambu Cooperatives and societies emerged winners in most of the categories in the recent celebrations of Ushirika Day. In the Dairy sector; Githunguri Dairy Farmers Cooperative Society emerged the winner of Best Managed Sacco and the best in value addition, while Kiriita Dairy Farmers Cooperative Society and Limuru Dairy Farmers Cooperative Society…
By Benedicto Ng’etich. Co-operators have slammed the high taxes levied on societies by the National Government. Led by the chairman of Simba Chai Savings Co-operative Society, Engineer Joseph Mitei (pictured), the cooperators complained of the ever increasing National Government taxes that are levied on societies. “We want people who are elected into various political offices…
By Kephas Ayiecha The Government’s plan to amalgamate financial institutions through the draft Finance Authority Bill of 2016 should be rejected as members will have to tighten their belts since the future will be uncertain. Kenya Union of Sacco Societies (KUSCCO) Rift Valley chairman, Robert Owino told Sacco Reveiw that if passed, the Bill will…
By David Kipkorir. As the country celebrates 95th International Co-operative Day, (locally known as Ushirika Day) on July 1, 2017, Savings and Credit Co-operative Societies (Saccos) continue to play an important role in uplifting lives by providing financial services to many disadvantaged Kenyans as espoused in Vision 2030. Vision 2030 blue print recognizes Sacco societies…
By Kamundia Muriithi. Members of Winas Sacco Society Ltd who default on loans advanced to them will have their names listed by Credit Reference Bureau (CRB). The Sacco through a paid up newspaper notice dated May 5, 2017 warned that non-performing loans would be forwarded to the CRB. “This is to notify all members that…
