The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth. A baseline assessment involving several Deposit-Taking Saccos, conducted by Kingslink International Kenya Limited has revealed the need for these Societies to move to a more secure IT platform. This is to enable them deal with an emerging trend where Saccos continue to lose members’ cash through the activities of online criminals. Kingslink…
By Godfrey Wamalwa. The Bungoma County Government has said that it has registered over 200 Cooperatives since 2013. The Bungoma County Chief Officer in Charge of Cooperatives Societies, Sella Mutsotso disclosed this in an interview with the Sacco Review recently. She expressed hope that Cooperatives would provide employment opportunities to youths in the County. “We…
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, Vitalis Okech has said small scale traders can easily access loans through Saccos compared to commercial banks. He lamented that…
By Staff Reporter. A planned increase in Sacco levy for Deposit-Taking Saccos that run FOSAs has been withdrawn.Sacco Societies Regulatory Authority (SASRA) withdrew plans to increase the Sacco levy from the current 0.1 per cent to 0.125 per cent and progressively to 0.175 per cent at the end of three years. But it was withdrawn…
By Dan Mweza. Savings and Credit Cooperative Societies (Saccos) in Mombasa have lauded the County Government for stepping in to control and manage the Saccos which for a long time have been under the National Government. Speaking during the Mombasa International Sacco Day celebrations at Best Western Hotel, stakeholders brushed off allegations from different quarters…
By Amoto Dennis Ndiewo. Savings and Credit Cooperative Societies (Saccos) in remote Tana River County are calling on the government to channel the multibillion Youth, Uwezo and Women funds through their societies. They said the Uwezo, Youth and Women funds should be channelled through Saccos in an attempt to boost their liquidity. Leading those making…
By Dennis Bett. Tuiyotich Farmers Co-operative Society Ltd is set to reap big from rising milk volumes after the society purchased an Isuzu pick-up truck to transport the milk. The society has also embarked on sensitization of members to embrace better animal husbandry. Through partnership with the Uasin Gishu County’s Enterprise Development Fund, the society…
By Our Reporter. Garissa Teachers Sacco has opened its common bond in order to attract membership from other sectors including the Business community. This will enable the Sacco to diversity its business operations and strategy. Located in Garissa town, the Sacco is licensed by the Sacco Societies Regulatory Authority (Sasra) as a deposit taking institution….
By Kamundia Muriithi. The youth have been told to join and take loans from Savings and Credit Cooperative Societies (Saccos). Biashara Sacco Marketing Manager, George Njuguna advised the youth from Embu County to join Saccos so that they can qualify for loans. “By joining Saccos, youths can easily access loans to undertake various socio-economic projects,”…
By Murithi Kinoti. Meru County’s Smart Champions Sacco has splashed their marketing strategies as they seek to cash in on unbanked farmers and low-income earners. Sacco Chief Executive Officer, Robert Mbijiwe said the Smart Champions products are specifically developed to cater for farmers and will help in capturing the unbanked section of the population. “It…
