The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter. At least 900 youth in Mosop Constituency of Nandi have been enlisted to undertake civil works under the National Youth Service (NYS) Kazi Kwa Vijana Programme. The programme will see the youths save their funds in Savings and Credit Co-Operative Societies (SACCOs) in partnership with the Ministry of Tourism and Cooperative Development….
By Tsozungu Kombe. A big number of registered Savings and Credit Cooperative Societies (Saccos) in Kilifi County earned a remarkable turnover of over KSh 1.2 billion in 2016 According to Kilifi County Cooperative Commissioner, Mary Mkare, the 243 registered Cooperative societies in the County have a membership of 95,818 with turnover of some of the…
By Our Reporter. Kilifi County has registered over 200 Savings and Credit Co-operatives (Saccos) in the last four years. Speaking during the 2017 Ushiriaka Day celebrations held at Kizurini Secondary School in Kaloleni Sub-county recently, Acting Kilifi County Government Executive Committee Member in-charge of Co-operative Development, Christine Pekeshe said 243 have been registered to date….
By Kephas Ayiecha The Government’s plan to amalgamate financial institutions through the draft Finance Authority Bill of 2016 should be rejected as members will have to tighten their belts since the future will be uncertain. Kenya Union of Sacco Societies (KUSCCO) Rift Valley chairman, Robert Owino told Sacco Reveiw that if passed, the Bill will…
By Dennis Bett. Tuiyotich Farmers Co-operative Society Ltd is set to reap big from rising milk volumes after the society purchased an Isuzu pick-up truck to transport the milk. The society has also embarked on sensitization of members to embrace better animal husbandry. Through partnership with the Uasin Gishu County’s Enterprise Development Fund, the society…
By David Kipkorir. As the country celebrates 95th International Co-operative Day, (locally known as Ushirika Day) on July 1, 2017, Savings and Credit Co-operative Societies (Saccos) continue to play an important role in uplifting lives by providing financial services to many disadvantaged Kenyans as espoused in Vision 2030. Vision 2030 blue print recognizes Sacco societies…
By Kamundia Muriithi. More than 42, 000 farmers from 12 cooperative societies in Mt Kenya region who underwent training on best practices in coffee farming were last month paid Sh630 million. This was for the 7.3 million kilograms of cherry that they produced. This was their best payout in five years as a result of…
By Ndichu Kamau. Githunguri Dairy and Community (GDC) Sacco has widened its revenue base through ventures that will see it generate more income. GDC Sacco now has an Insurance Agency catering for Life and General insurance products, has a Paybill Number and Mobile services (GDC Spot Cash) that allows members to pay their loans, increase…
By Amoto Dennis. Garissa County Co-operative Commissioner, Daniel Mutiso has urged co-operative societies to embrace good governance to succeed in their operations. Speaking to Sacco Review in his office in Garissa town recently, Mutiso said poor management of saccos has led to dismal performance of most of them. “Chief Executive Officers (CEOs) and Board members…
By Amoto Dennis. Garissa County Woman Representative aspirant, Maryam Sheikh Abdi who is contesting the woman representative seat on a Thirdway Alliance Kenya ticket, has advised women to form Saccos to enable them acquire funds from the Women Enterprise Fund. She said the setting up of the fund is a noble Government endeavour meant for…
