The Leading Newspaper for Co-operative Movement in Kenya
By Fred Sitati Serious concern and apparent sense of hopelessness has been expressed by the Kajiado County leaders over the perennial drought that has continued to threaten the livelihoods of the resident s who are largely dependent on livestock keeping. The matter is further compounded by the infiltration of middlemen who buy farm produce cheaply…
By Munene Maina Sacco members have the alternative of using movable assets as collateral to secure loans. This is in addition to the traditional use of land and chattel collaterals. “This will in effect greatly improve the ease with which consumers can access credit facilities from the financial lenders; while at the same time securing…
By Talarus Chesang Baringo coffee farmers have opposed ongoing plans to relocate a multi-million coffee factory from Katimok Forest in Baringo North to Koibatek Agricultural Training Centre (ATC) in Eldama-Ravine. Residents put on the spot the County Governor Stanley Kiptis over earmarked relocation of the Sh100 million-worth coffee factory. “Construction of the modern Coffee Milling…
By Munene Maina Delay in remittance of loan repayment deductions by the National and County governments is causing headache for Sacco bosses. This has seen the growth rate of non-performing loans (NPLs) for most Saccos derailing growth in their businesses. New Sacco Societies Regulatory Authority (SASRA) survey also indicated some governmental institutions particularly public universities,…
By Munene Maina A new body to set standards of training and hiring of co-operative employees has been launched. Staff members in all co-operative societies will now undergo thorough vetting to ensure they meet the requisite academic qualifications before they are allowed to serve. The outfit, made up of scholars and experienced co-operators, is also…
By Erick Maranga Ubunifu Sacco continues to assist youth to enhance savings and financial inclusion.The youthful Sacco Chairman Frank Odindo said young people are the future of the country making it essential to cultivate a savings culture among them. This, he added, will increase financial inclusion and boost the sector’s deposits. What started as a…
By Daniel Liyayi Sacco Societies Regulatory Authority (SASRA) has warned that continued absence of deposit insurance facility and access to the national payment systems may stifle growth of the Sacco movement. SASRA Director Sammy Ruto said that despite the sector’s total assets having increased by 12.4 per cent to reach Sh442.27 billion in 2017, the…
By Our Reporter CoreTEC Systems & Solutions is the leading Mobile (Digital) Financial Service Application provider company in country’s Sacco sector. In a recent survey conducted by Sacco Societies Regulatory Authority (SASRA), the firm ranks at the top of the leading companies in provision of digital technology to Saccos. According to 2017 Sacco Supervision Annual…
By Our Reporter Surestep Sytems and Solutions Ltd has been rated highly among the leading ICT service providers in the Sacco sector. In a new Sacco Societies Regulatory Authority (SASRA) annual supervisory report, the company is one of the 12 credible service providers serving a high number of savings and credit co-operatives in the country….
By Kennedy Shivairo COTU Secretary General Francis Atwoli says the country needs vibrant Saccos and Societies to help individuals live a better life. Talking to Sacco Review at his office in Nairobi, Atwoli advised workers to form Saccos which can assist them grow through loans, adding that salaries offered by most employers were not enough…
