The Leading Newspaper for Co-operative Movement in Kenya
. By Joseph Mukubwa Nakonn Sacco Limited gross income improved from Sh2.28 million to Sh4.35 million in the last financial year. The Sacco chairman, Geoffrey Kamau expressed optimism that the institution would record more growth this year. He said vans belonging to the society registered an impressive income during the year with gross income of…
By Titus Murithi Embu-based Trans Nation Sacco is in the process of training its members on the Society’s latest products and services, including its digital platforms. This programme is to be carried out by Sacco officials in all the branches of the Society. Members will be introduced to the Societies new premium shares which have…
By Tsozungu Kombe Kilifi County residents have been urged to join Saccos in large numbers to uplift their living standards. Speaking during this year’s Ushirika Day at Barani Secondary School in Malindi town, the Executive Committee Member for Education, Salma Ahmed who was representing her Cooperatives Development counterpart Alphonce Tokali told the residents that joining…
By Eric Nyariera Formation of many small Sacco societies is killing the Co-operative movement in Kisumu County. Industrialization, Energy, Enterprise and Development County Executive Committee (CEC) member, Johnson Awuor speaking during Ushirika Day celebrations in Kisumu, lamented that although the county has more than 400 registered Saccos, many of them were ineffective. He said the…
By Wesley Ken. Ardhi Sacco Society Ltd is rolling out various exciting initiatives to transform members’ economic and social welfare. The Sacco is not only scaling up services delivery, it is also diversifying loan products, offering low interest rates on products and opening up the common bond of the society in order to attract more…
By Titus Wafula Kakamega Entrepreneurs Sacco (KES) Limited’s membership has grown steadily to more than 400 entrepreneurs with businesses since it started in 2002. Having been established with the sole aim of assisting small scale businesses, the Sacco has over the years expanded to incorporate larger segment of workers from various organizations. And with a…
By Richard Shichangi The County Co-operatives Officer, Samwel Khatenya, has asked Saccos in the region to develop strong check off systems when giving out loans to members. This is to reduce incidences of members defaulting on their repayments. Saccos, he pointed out, will also improve their cash flow through an elaborate loan recovery system. “Although…
By Tito Tavasi The Kakamega County Minister for Agriculture and Co-operative Development. Kulati Wangia has said that Co-operative Societies including Savings and Credit-operatives (SACCOs) can be crucial economic transformers in the County. He made these remarks while launching the formation of Shinyalu, Ikolomani and Khwiserotea co-operative societies. “We will continue to facilitate formation of more…
By Alfred Kimosop Boresha Sacco has been lauded for its progressive policies which have made it a top performing deposit taking Sacco in the country. According to the East African Tea Trade Association (EATTA) Managing Director, Edward Mudibo, the Sacco has potential for further growth due to policies and strategies it has followed over several…
By Jackson Okoth Bandari Sacco Society Limited posted net surplus of Sh 182,652,934 in the financial year ended December31st, 2016 compared to Sh 57,284,534 the previous financial year. According to the Society’s statement of profit or loss and other comprehensive income, interest on loans went up to Sh 644.6 million in 2016 from Sh582.8 million…
