The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter Members of the Cooperative movement in Embu County have welcomed the move by established Saccos and specific banks to issue personalized cheque books to the Saccos’ FOSA members. They have hailed the new development as a key milestone in easing commercial transactions where customers with Current Accounts can enjoy banking services with…
By Jackson Okoth Muranga County-based Mentor Sacco Society Limited posted a net surplus of Sh61,212,520 at the end of financial year ended December 31, 2016. This is compared to Sh 57,040,879.02 posted during the previous year. Interest on loans and advances rose to Sh635.9 million in 2016 compared to Sh503.7 million posted the previous year….
By Joseph Mukubwa Othaya Coffee Farmers Co-operative Society Ltd has procured and installed a new advanced polisher and bucket elevator for milling coffee worth Sh8 million. The Society Chairman, James Nderitu said the machine is able to mill 2000 kgs of parchment coffee per hour compared to the previous one which could do only 700…
By Staff Reporter Saccos and small business entrepreneurs in Laikipia County will receive financial boost after the County Government set aside Sh35 million this financial year as part of a revolving fund to revive Co-operatives and improve small businesses. According to the County Trade and Co-operatives Executive, Ann Cheptoo, the move will see members of…
By Our Reporter Ollin Sacco plans to launch more innovative and attractive products and services to meet the dynamic needs of its members and customers. Sacco CEO, Richard Ndaka (pictured) said Ollin is set to attract more members through competitive products and services that are tailormade to customer needs. “As a society, we engage directly…
By Munene Maina Catherine Mwamba is associated with all the remarkable achievements and milestones that Times U Sacco has been able to record under her watch as the Chief Executive Officer. Since joining the Sacco eight years ago, Mwamba has been instrumental is charting a new path for Times U Sacco. “It has been a…
Grace acquires Toyota Hilux pickup through Tai Sacco By Ndichu Kamau Grace Wangari identified a Toyota Hilux pick-up that could be used to expand her booming Agrovet supply business. She had to make a payment for the vehicle within a specified period, failure to which the dealer was to sell this vehicle to another customer….
Gideon Waweru was a bank customer until he realized that it was more expensive to apply for a loan from this bank. It was at this point that a friend introduced Waweru to Tai Sacco where he registered as a member. Eight months later, Waweru took out a loan of Sh 300,000 to implement personal…
By Dennis Bett Smart Life Sacco (SLS) formerly Marakwet Teachers Sacco (MTS) is one of the leading Saccos in Elgeyo Marakwet County. It offers one of the best services to its customers and has been doing this with commitment since its inception. Registered in 1995 after liquidation of then Keiyo Marakwet Teachers Sacco, Smart Life…
By Seth Musisi A Special Delegates Meeting of Wevarsity Sacco has passed a resolution to lower interest rates on all long term loan products to 12.9 per cent. The Society, which draws the bulk of its membership from employees of Masinde Muliro University of Science and Technology and Kibabii University, recently held a special meeting…
