The Leading Newspaper for Co-operative Movement in Kenya
By Kamundia Muriithi. Members of Winas Sacco Society Ltd who default on loans advanced to them will have their names listed by Credit Reference Bureau (CRB). The Sacco through a paid up newspaper notice dated May 5, 2017 warned that non-performing loans would be forwarded to the CRB. “This is to notify all members that…
By Our Reporter. Capital Sacco has announced record business results for 2016, in which the company saw impressive year-over-year revenue growth while signing a record number of new members. Capital Sacco Marketing Manager, Mr. Kenneth Gitonga said the business brushed off a tough business environment to post impressive results. He said the Sacco’s growth was…
By Makoma Musyoka. The Chief Executive Officer of Universal Traders Sacco Society in Machakos County, Mr. Dominic Mutunga has urged women and youth groups to embrace a saving culture so as to eradicate poverty. He told them to join cooperatives as they are powerful vehicles of social inclusion and political and economic empowerment of their…
By Tsozungu Kombe. Ushuru Sacco will continue to leverage on new and emerging innovations in order to improve service to its members, sacco’s National chairman, Mr. Isaac Kiprop has said. He said the sacco launched in 1970, is an institution focused on the provision of credit and related payment technologies. Speaking during the sacco’s Annual…
By Tsozungu Kombe. Forty nine co-operative societies in Kwale County have so far been registered by the State Department of Co-operatives Development since devolution started in 2013. Kwale County Co-operative Commissioner, Ms. Levina Lenjo said that all saccos in the county must register with State Department of Co-operative Development first before starting any business transactions….
By Our Reporter. The former Imarika Sacco chairman has urged Savings and Credit Cooperative Organizations (Saccos) to embrace good governance and innovation. According to him, such a practice will make them competitive and attract new members. Mr. Richard Dzombo (pictured) was speaking during Qwetu Sacco Annual Delegates Meeting in Taita Taveta County. Dzombo said, “One…
By Makoma Musyoka. Members of Mukamukuu Farmers Co-operative Society in Matungulu Sub County have been cautioned to be wary of unlicensed surveyors who have been erecting illegal beacons to survey land parcels for members. The society’s outgoing chairman, George Mutiso said several members had fallen victims to the scam, which he said was being perpetrated…
By Tsozungu Kombe. More than officials from nine newly registered Saccos in Kwale County recently underwent training on financial management. The two-day induction course was conducted by the Kwale County Government to enable them manage their Saccos in a more effective and efficient manner. Kwale County Government Trade and Cooperatives Director, Mr. Nyamawih Charo urged…
By Our Reporter. Five Savings and Credit Cooperatives Societies within Juja Constituency will receive about Sh85, 000 per day through savings by youth enrolled in National Youth Service (NYS) projects. The money saved by youth known as NYS cohorts will be remitted to youth saccos in the area. Of the Sh471 paid to a worker…
By Our Reporter. Coffee farmers allied to co-operatives in Nyeri, Meru and Kirinyaga counties reported improved earnings for cherries delivered to factories this year compared to the previous year. In Kirinyaga, farmers were paid Sh119 per kilogramme of cherry delivered at Thirikwa factory, the highest in the county in the history of the crop in…
