The Leading Newspaper for Co-operative Movement in Kenya
By Azael Masese. Laikipia County Government promised to support the growth and performance of Unison Sacco Society Ltd, as it seeks to improve financial inclusion in the region. Governor, Joshua Irungu noted that with lower interest rates offered compared to commercial banks, Unison Sacco will be central in accelerating the region’s economic growth. “I am…
By Ken Langat. Simba Chai Sacco Society Limited defied harsh economic times to post impressive financial performance in 2016. According to the Society’s financial results for the year ended December 31, 2016, the Sacco registered an increase in net loans from Sh793 million to Sh968 million, a 22 per cent rise. Membership of the Society…
By Azael Masese. Tenhos Sacco Society Ltd has embarked on a series of training sessions to improve the financial literacy of its more than 8000 members. Chief Executive Officer, Alexander Langat said this is part of their objective to ensure members make wise investments for better returns. “To continually improve on our members’ economic well-being,…
By Joseph Mukubwa. Biashara Sacco is set to open its branch in Thika town. Sacco chairman, Joseph Njamuku said Sacco that has nine branches in Mt Kenya region is set also to expand to other regions in future. Other branches are in Nyeri, Embu and Laikipia counties. “Membership has increased from 48,000 last year to…
By Munene Maina. Bingwa Sacco plans to open more branches in its campaign to net more members. Sacco Chief Executive Officer, Jane Mugoh said plans were underway to open more branches in Nakuru, Machakos and Mombasa to reach out to more members who are badly in need of their products and services. “Currently, Bingwa Sacco…
By Enock Kipturgut and Wasike Elvis. Uasin Gishu County Youth Bunge Sacco President, Elijah Koech has urged the County and National governments to fund youth based Saccos. Saying Saccos are the way to go as youth in the County seek economic empowerment, Koech said the agvernment should fund youth Saccos to uplift the members’ living…
By Jackson Okoth. In its effort to spread its catchment area and get more business as well as membership, Yetu Sacco has made its entry in the country’s capital City in style. The Sacco recently opened a branch in Nairobi, along Latema road on the ground floor of Magomano Building. And it is not done…
By Joyce Mong’are. Meru Central Cooperative Union has diversified its operations for more revenue generation to enable them finance their operations without any funding from the farmers. Imenti House on Nairobi’s Moi Avenue is to be upgraded into a 25-storey building by the union.The group will also develop a shopping mall and a storeyed commercial…
Drive nets Sh 102 million By Joseph Mukubwa. Taifa Sacco has announced that its recently closed share drive was oversubscribed having netted Sh102.5 million from its members. The Sacco which was targeting to raise Sh100 million in the promotion dubbed ‘Digitika Na Taifa Sacco Shares Promotion’ surpassed the target by over Sh2 million. The Sacco…
Goodway Sacco has started a bodaboda loan scheme for the youths aimed at enabling them acquire bodabodas to start income generating activities. Targeted are those who are been employees of other bodaboda owners. The repayment for the loan is Sh200 per day. The beneficiaries must be in a group of at least three operators or…
