The Leading Newspaper for Co-operative Movement in Kenya
By Kamundia Muriithi. More than 42, 000 farmers from 12 cooperative societies in Mt Kenya region who underwent training on best practices in coffee farming were last month paid Sh630 million. This was for the 7.3 million kilograms of cherry that they produced. This was their best payout in five years as a result of…
By Ndichu Kamau. Githunguri Dairy and Community (GDC) Sacco has widened its revenue base through ventures that will see it generate more income. GDC Sacco now has an Insurance Agency catering for Life and General insurance products, has a Paybill Number and Mobile services (GDC Spot Cash) that allows members to pay their loans, increase…
By Amoto Dennis. Garissa County Co-operative Commissioner, Daniel Mutiso has urged co-operative societies to embrace good governance to succeed in their operations. Speaking to Sacco Review in his office in Garissa town recently, Mutiso said poor management of saccos has led to dismal performance of most of them. “Chief Executive Officers (CEOs) and Board members…
By Amoto Dennis. Garissa County Woman Representative aspirant, Maryam Sheikh Abdi who is contesting the woman representative seat on a Thirdway Alliance Kenya ticket, has advised women to form Saccos to enable them acquire funds from the Women Enterprise Fund. She said the setting up of the fund is a noble Government endeavour meant for…
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…
By Our Reporter. Capital Sacco has announced record business results for 2016, in which the company saw impressive year-over-year revenue growth while signing a record number of new members. Capital Sacco Marketing Manager, Mr. Kenneth Gitonga said the business brushed off a tough business environment to post impressive results. He said the Sacco’s growth was…
By Makoma Musyoka. The Chief Executive Officer of Universal Traders Sacco Society in Machakos County, Mr. Dominic Mutunga has urged women and youth groups to embrace a saving culture so as to eradicate poverty. He told them to join cooperatives as they are powerful vehicles of social inclusion and political and economic empowerment of their…
By Tsozungu Kombe. Ushuru Sacco will continue to leverage on new and emerging innovations in order to improve service to its members, sacco’s National chairman, Mr. Isaac Kiprop has said. He said the sacco launched in 1970, is an institution focused on the provision of credit and related payment technologies. Speaking during the sacco’s Annual…
By Tsozungu Kombe. Forty nine co-operative societies in Kwale County have so far been registered by the State Department of Co-operatives Development since devolution started in 2013. Kwale County Co-operative Commissioner, Ms. Levina Lenjo said that all saccos in the county must register with State Department of Co-operative Development first before starting any business transactions….
By Our Reporter. The former Imarika Sacco chairman has urged Savings and Credit Cooperative Organizations (Saccos) to embrace good governance and innovation. According to him, such a practice will make them competitive and attract new members. Mr. Richard Dzombo (pictured) was speaking during Qwetu Sacco Annual Delegates Meeting in Taita Taveta County. Dzombo said, “One…
