The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina Dimkes Sacco has tightened the noose on defaulters in a bid to enhance debt collection and loan book management. In an aggressive loan recovery strategy, the Sacco collected in excess of Sh100 million in the financial ended 31st December 2017. “Loan default has been a challenge but our resolve is to keep…
By Joseph Mukubwa Biashara Sacco whose headquarters are in Nyeri town will open a branch in Nairobi by August this year. The Sacco Chairman Kamau Njamuku said some of its customers are business people who buy goods in Nairobi. The Sacco chairman was speaking during the Sacco’s Annual General Meeting at ACK Cathedral Hall in…
By James Wakahiu Over 5,260 shareholders of Broad Borders Housing Co-operative have received Sh4 million dividends for the year ended December 2017. In an annual general meeting held at a hotel in Murang’a, the shareholders resolved to be paid dividends at a rate of 12 per cent. The Housing Co-operative Chairman Jeremy Karemeri said the…
By Our Reporter Amica Sacco in Murang’a County plans to expand their mobile banking platform Amicash by increasing the number of registered members, setting a target of 70,000 from the already registered 14,000. Chief Executive Officer James Mbui said the move has been initiated to raise the Sacco members’ deposits and increase profits in the…
By Ndichu Kamau Githunguri Dairy and Community (GDC) Sacco has rolled out agency banking to become the first sacco to launch this service in Kiambu County. Also, in an effort to bring services closer to its 23, 318 members, GDC, after authorisation by Insurance Regulatory Authority (IRA), will now offer insurance agency services. These achievements…
By Erick Nyayiera KUSCCO director David Ogega has said that high leadership turnover was killing Saccos in the Nyanza region. Ogega who was speaking during Taraji Sacco’s 40th AGM held in Siaya recently, advised various Sacco members to consider maintaining leadership so as to guarantee steady growth. “Nyanza region Saccos faces a high rate of…
By Our Reporter Savings and credit firm Unaitas has opened a new branch in Kisii town in a strategic move aimed at increasing its footprint countrywide. This will enable it to bring into its fold smallholder tea farmers through agency banking and further bring stiff competition in a region with over 20 financial institutions. Chief…
By Erick Nyayiera KUSCCO director David Ogega has said that high leadership turnover was killing Saccos in the Nyanza region. Ogega who was speaking during Taraji Sacco’s 40th AGM held in Siaya recently, advised various Sacco members to consider maintaining leadership so as to guarantee steady growth. “Nyanza region Saccos faces a high rate of…
By Our Reporter Residents of Siaya County have been asked to form more rural based savings and credit co-operative societies to help them in tapping the various development opportunities. Wilfred Ongoro, a Director of Co-operative Bank observed that a lot of opportunities like the sorghum farming which is currently being supported by the Kenyan Breweries…
By John Ochieng The National Government has handed over to locals a fish processing plant in Rongo Sub-county which was established at a cost of Sh92million through Economic Stimulus Programme in 2010. Director Harun Khator, while officially handing over the plant at Opapo in Rongo, called on the community to invest in fish ponds to…
