Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese. Poor leadership and misuse of members’ deposits have been blamed for woes facing most Savings and Credit Cooperative Societies in Nyanza region. South Nyanza Sacco (Sonyaco) Board chair, Mr Roscheus Otete blames the woes facing the Saccos on poor management of new societies. “Financial statements littered with doubtful assets and inability to…
Murithi Kinoti. Capital Sacco which is one of the largest and fastest growing Saccos in Kenya has improved Kilimo Tosha product to boost horticultural farmers’ earnings. Kilimo Tosha is a loan product of the Sacco which advances credit to horticultural farmers to expand their investments. The farmers repay the loan after selling their horticultural produce…
By Amoto Dennis. Tana River County business people have been urged to form savings and credit Cooperatives to uplift their businesses. Speaking to Sacco Review, Bura legislator Ali Wario said: “Saccos are better in generating savings compared to banks because the business people can access money more easily to bolster businesses” He added that his…
By Our Reporter. Garissa Travellers Sacco has challenged the County Government to repair the road between Garissa town and Masalani to ease transportation of both passengers and goods. “We incur a lot of costs in maintenance of buses due to tear and wear of vehicles. These costs force us to charge high fares,” said Osman…
By staff reporter. South Nyanza Teachers (Sonyaco) Sacco plans to open a common bond to attract membership from other professionals to strengthen the society. Those targeted include the Early Childhood Development and Education (ECDE) teachers employed by Homa Bay County Government. Others earmarked for the exercise include Homa Bay County Government employees. Sonyaco Board chair,…
By Azael Masese. Stake Sacco Society Ltd members can now apply for loans online, an exercise that seeks to enhance the loan application procedures, the Board chairman Nyamatiko Maroa (pictured) has said. During the 23rd Annual Delegates Meeting (ADM) held at an Isibania hotel, Maroa urged the delegates to sensitize members on the benefits of…
By Kiptanui Rutto. President Uhuru Kenyatta will officiate this year’s Ushirika Day celebrations at Jamhuri Park on 1st July, the Principal Secretary, State Department of Cooperatives, Ministry of Industry, Trade and Cooperative, Ali Noor Ismail has confirmed. In a speech read on his behalf by the Commissioner for Cooperatives, Mary Mungai during the Ushirika Day…
By Makoma Musyoka. The Mukamukuu Farmers’ Co-operative Society in Matungulu Sub-county, will use Sh5 million to renovate Macmillan Castle, the colonial era residence of Lord Macmillan into a museum and tourist site. Addressing the society’s members at his farewell party, the chairman George Mutiso, who is eyeing the Kyeleni seat on a Narc ticket, said…
By Dennis Bett. Elgeyo Marakwet County residents owning land in arid sections of Kerio Valley have been urged to invest in groundnut farming to boost their income. The farmers have also been advised to form a sacco to enable them save and obtain loans to improve their livelihoods. Speaking to Sacco Review in his office,…
By Murithi Kinoti. The Dairy section of the Nyambene Arimi Sacco will soon operate as a separate entity completely free from the Sacco. The move is aimed at boosting the dairy section’s operation. The Dairy section will have all its assets separated from those of the Sacco within the course of this year, according to…
