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By Richard Shichangi. Butere Faida Sacco is set to introduce several amendments to its bylaws to help improve service delivery to members. The society which was conceived from Butere Financial Services Association (FSA) has grown drastically to become one of the leading rural Sacco in western Kenya. Addressing members at a meeting to approve the…
By Our Reporter Over 400 Bungoma County Motorbike Sacco members have benefited from motorbike loans that are now helping them to generate adequate income to better their living standards and re-service the loans monthly. Moffats Nabaala, Head of staff at the Bungoma-based society said the management expects to serve about 1,500 members with the loan…
By Ken Langat. Saccos have been advised to concentrate on their core business of savings and lending members and not engage in costly long term investments. Kipchumba Bullut, James Finlay Kenya Limited General Manager, observed that some societies were rushing to engage in costly ventures as a possible conduit for theft of members’ funds. “It…
By Azael Masese. Mwito Sacco has been urged to be innovative in the range of products and services it offers to its members to attract more business. Chairman of Ethics Commission for Co-operative Societies (ECCOS), Philip Gichuki, speaking during Mwito Sacco’s 36th Annual General Meeting in Nairobi, recently noted that if Saccos are to survive…
By Kiptanui Rutto. Makadara District Cooperative Officer (DCO), Andrew Maikal has advised Sacco officials on registration of the next of kin as the move would save the Saccos from dilemmas. Speaking during a Nafaka Sacco AGM in Nairobi, the DCO said many issues concerning the matter referred to his office and it was always a…
By Staff Reporter. The Government will now make use of the Sacco Review as its main channel of communicating and articulating the Co-operative sector’s policies to the wider Kenyan public. Principal Secretary (PS) in the State Department of Co-operative, Mr. Ali Noor Ismail, noted that Sacco Review was the most popular newspaper within the Cooperative…
By Kiptanui Rutto. Enea Sacco plans to open more branches in the coming months in a bid to increase its membership and reach more markets. Although it was established by farmers in Mathira, Enea Sacco has since opened its common bond and has attracted members from the Business sector as well as those in salaried…
By Our Reporter Over 400 Bungoma County Motorbike Sacco members have benefited from motorbike loans that are now helping them to generate adequate income to better their living standards and re-service the loans monthly. Moffats Nabaala, Head of staff at the Bungoma-based society said the management expects to serve about 1,500 members with the loan…
By Richard Shichangi Faridi Saving and Co-operative Society Ltd has been declared the market leader in savings and resource mobilization in Busia County. County Co-operative Officer, Samuel Khatenya said out of 114 active societies within the county, Faridi Sacco was identified as the best in terms of capital mobilization and asset ownership. He said Faridi…
By Poshy Galilu Bahati Muungano Women Savings and Credit Co-operative Society members, Nakuru County have been urged to purchase more shares, boost their savings for better returns. This is in order to increase investment and strengthen the enterprise. Margaret Njoroge, the Society’s chairperson said the Sacco can only grow if members increase their shares. Ms….
