The Leading Newspaper for Co-operative Movement in Kenya
Elburgon dairy farmers have formed a new Sacco in the name Elburgon Maendeleo Sacco to help them save and borrow to improve their financial status. Its chairman Johnson Sang said that their aim is to create an avenue for members to save towards boosting their financial standing. Speaking in his office in Elburgon town, Sang…
The Kenya Industrial Research and Development Institute (KIRDI) has entered into a partnership with the University of Nairobi (UoN) to train women fish traders on value addition and preservation. KIRDI head of food technology research Gitutu Nyambane said the training targets to build the women’s capacity to use food processing technology to preserve fish in…
Chief Executive Officers (CEOs) of various Saccos have revealed why they are averse to lending to Small and Medium Enterprises (SMEs), top among the reasons being their lack of verifiable information. During this year’s National Cooperatives CEO’s Workshop in Mombasa organized by the Co-operative Bank, the Sacco heads decried lack of adequate information about SMEs…
As the country’s hard economic times bite, boda boda riders, farmers and traders from the Western region have been asked to join Saccos and invest in the future to cushion themselves against the current cash crunch.Speaking to journalists in Busia town, Faridi Sacco chairman Godfrey Saidi said many boda boda riders are facing a lot…
Machakos County Chief Officer (CO) of Cooperatives Benedict Ngumbau has urged officials of cooperative societies to uphold integrity and abide by the Cooperative Societies Act to ensure the survival of their cooperatives.Speaking after a visit to Komarock Housing Cooperative Society, the officer pointed out that most cooperatives fail due to mismanagement.“Cooperatives should ensure they hold…
2023 has presented an opportunity for cooperatives to renew themselves for business. At the beginning of this year, they looked back and evaluated on whether or not they achieved all the set goals in the previous year. They try to come up with well researched solutions to avoid having a repetition of unproductive strategies. Most…
Kisumu county Woman Representative Ruth Odinga has outlined plans aimed at revitalizing agribusiness in the region. Odinga indicated that her action plan in the agriculture sector begins with training agricultural extension officers who will in turn train farmers on the entire agricultural value chain; including sustainable agricultural practices. She added that she will also prioritize…
Most Saccos hold their Annual Delegates Meetings (ADMs) within the first four months of the year. As a delegate of a Sacco, it’s important to attend and participate in the ADM to stay informed about the financial and operational performance of the organization. To make the most of your ADM attendance, it’s a good idea…
23 years ago, Stanley Joseph Njue and a few business people from Embu County came together to form a self-help group, whose monthly contributions started at Ksh100 but now stands at Ksh1,000 monthly. The self-help group has now matured into Mediators Savings and Credits Cooperative controlling a circulating capital of more than Ksh80 million. It…
While Saccos have been in existence for years and being lauded as priceless savings and credit extension avenues, it now looks quite challenging to convince the youth to save in Saccos. The Sacco sub-sector Demographics Study Report of 2019 released by Sacco Society Regulatory Authority (SASRA), which carried an in-depth study on age and gender…
