The Leading Newspaper for Co-operative Movement in Kenya
By Murithi Kinoti. Centenary Sacco seeks to go big on agency banking as it expands its reach in the region and beyond. The Sacco also plans to open a satellite office at Marimanti Market in Tharaka-Nithi County with an aim of bringing financial services closer to existing members in that region as well as tap…
By Our Reporter. The County government is sponsoring training of more than 2,100 Boda boda riders across the county to acquire motorcycle driving licenses as well as formation of Saccos to promote their investment capacity. It has also launched Embu Women Sacco which will offer financial loans to members at reduced interest rates. In order…
By Joseph Mukubwa. Biashara Sacco Society, located in Nyeri County is targeting students through its Corporate Social Responsibility (CSR) programmes this year. This is through its school feeding programme, which was recently launched at the DEB Nyeri Primary School in Nyeri town. The Sacco has already spent some Sh200,000 on the initiative where over 500…
By Azael Masese. Wanandege Sacco Society Limited, considered one of the oldest Saccos in Kenya, has embarked on an ambitious plan to improve efficiency and service delivery to members while increasing its revenues, value of assets and increasing the size of its loan portfolio. With a harsh economic environment affecting the financial sector, Saccos included,…
By Azael Masese. Tower Sacco Society Ltd will open a new branch in Nakuru town this year as it embarks on an ambitious growth strategy. The new branch will be located near Gilani’s Supermarket and next to Ecobank, bringing the Sacco’s branch network to ten. During the Sacco’s 41th Annual General Meeting (AGM), outgoing Board…
By Amoto Dennis. Co-operatives in North Eastern Kenya have been urged to entice more youth to join the movement. Community Owned Finance Initiative (COFI) Chief Executive, Salesio Njeru said young people were conspicuously missing out in savings and credit societies which charge lower interest rate on borrowed money as compared to commercial banks. Njeru said…
By Staff Reporter. Leaders in the Co-operatives sector in the region have been urged to embrace cyber security to help safeguard members’ deposits. Garissa Kenya National Union of Teachers (KNUT) Secretary, Abdirizack Hussein urged especially Saccos to invest in technology that will protect them in the event of an attack because cybercrime is on the…
By Tsozungu Kombe. Ushuru Sacco Society has disbursed Sh 2.4 billion in loans to its members as at the close of financial year ending 31st December, 2016. Speaking during the Ushuru Sacco Annual Delegates Meeting (ADM), held at Flamingoes Beach Hotel, Mombasa County recently, Chief Executive Officer William Pudha said the society’s total assets stood…
By Tsozungu Kombe. Sacco members have been urged to repay loans in good time to enable societies to boost their capital. Speaking during Mafanikio Sacco Annual General Meeting (AGM) held at Baptist High School Hall in Mombasa town recently, KUSCCO Director in charge of Coast and North Eastern Regions, Alfred Mlolwa warned that defaulting will…
Mafanikio Sacco, formerly Mombasa Teachers Sacco Ltd has officially opened a branch in Ukunda town, Kwale County. The Ukunda branch situated at Arusha Plaza along the Likoni-Lunga Lunga road aims to bring services closer to the residents. Initially, residents of the county travelled long distances to Mombasa town to access Mafanikio Sacco services. However, with…
