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A Credit Co-Operative Society which was formed by brewers of illicit liquor in Likii slums of Nanyuki is set to benefit from the County Government. The Sacco is on its knees after many of its members defaulted paying their dues following the crackdown on illicit brews and second generation alcohol in the country. Addressing the…
The yet to be passed East Africa Community (EAC) Co-operative Societies Bill has been cited as a great move in allowing Co-operatives to promote and benefit from the regional integration agenda. The Bill which, if passed will enable Saccos to do business in any of the three East African countries, has sailed through second reading…
Thamani Sacco has come a long way and has supported its members to upgrade their living standards, majority of them being farmers. Its CEO, Rose Kithinji said the Society, formerly Nithi Tea Growers Sacco Ltd was registered in November 1987 with the mandate to mobilize member’s savings and ensuring that they access credit. The Sacco’s…
IG (Invest & Grow) Sacco formerly Kakamega Teachers Sacco is the 2016 best overall Sacco in Kakamega in the International Day for Cooperatives after scooping seven awards out of the possible sixteen. Western Shuttle settled for the first runners up position with four trophies to their name. On the lowest expenditure Sacco category, IG (Invest…
By Stephen Makabila The unveiling of the new co-operative policy is set for December following fast-tracking efforts by government through the State Department of Co-operatives, Ministry of Industry, Trade and Co-operatives. Already, the Policy in its draft form has been cleaned-up and fine-tuned through financial support from the Agriculture Sector Development Programme (ASDP). A senior…
emBy Tsozungu Kombe Saccos have been urged to embrace Information Communication Technology ( ICT ) in a bid to enhance efficiency and deliver services to members. Alfred Mlolwa, Quetu Sacco chairman and KUSCCO Director for Coast and North Eastern said many Saccos had failed to deliver quality services to members due to lack of ICT…
By Wesley Ken Nufaika Sacco Society Limited which was ranked Society with the highest dividend rate in Kirinyaga County is giving back to the community through its Corporate Social Responsibility (CSR) programmes. It paid dividends to members at the rate of 13 per cent, the highest in the County and is the reason it was…
By Jackson Okoth An American consultancy appointed to assist the Sacco Societies Regulatory Authority (SASRA) set up a facility to allow Saccos lend to each other like banks do, is almost completing the task. Madison-based Dave Grace & Associates is expected to provide a roadmap for establishment of central liquidity facility for Savings and credit…
. 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…
