The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth. In its effort to spread its catchment area and get more business as well as membership, Yetu Sacco has made its entry in the country’s capital City in style. The Sacco recently opened a branch in Nairobi, along Latema road on the ground floor of Magomano Building. And it is not done…
By Joyce Mong’are. Meru Central Cooperative Union has diversified its operations for more revenue generation to enable them finance their operations without any funding from the farmers. Imenti House on Nairobi’s Moi Avenue is to be upgraded into a 25-storey building by the union.The group will also develop a shopping mall and a storeyed commercial…
Drive nets Sh 102 million By Joseph Mukubwa. Taifa Sacco has announced that its recently closed share drive was oversubscribed having netted Sh102.5 million from its members. The Sacco which was targeting to raise Sh100 million in the promotion dubbed ‘Digitika Na Taifa Sacco Shares Promotion’ surpassed the target by over Sh2 million. The Sacco…
Goodway Sacco has started a bodaboda loan scheme for the youths aimed at enabling them acquire bodabodas to start income generating activities. Targeted are those who are been employees of other bodaboda owners. The repayment for the loan is Sh200 per day. The beneficiaries must be in a group of at least three operators or…
By Joyce Mong’are. Nyandarua’s Industrialization and Co-operatives Executive Judy Nyambura recently announced plans to revive collapsed cooperative societies in the County. Speaking in OlKalourecently Nyambura noted that 15 societies had already been revived in the last one year and 30 more were lined up for the same. Nyandarua has a turnover of more than Sh500…
By Daniel Njoroge. Muranga-based Mentor Sacco Society Limited recently introduced a product through which dairy farmers will access quality animals on credit and enable them boost their milk production. This cow ownership credit programme is a financial package offered to dairy farmers by the Sacco in collaboration with Muranga County Government. “The County Government is…
By Esther Chesoro. KiambuGovernor William Kabogo recently commissioned a 5000 litrecoolant and milk pasteurizer at Muguga Dairy FarmersCooperative Society in KabeteConstituency. Christened ‘Kiambu County Milk Value Addition Project’, the move is intended to improve the quality of dairy farming from simple milk production to manufacturing of a variety of cheese, yogurt and other dairy products….
By Titus Wafula. Kakamega Entrepreneurs Sacco (KES) Limited’s membership has grown steadily to more than 400 entrepreneurs with sound businesses since it started in 2002. Having been established with the sole aim of assisting small-scale businesses, the Sacco has over the years expanded to incorporate a larger segment of workers from various organizations. And with…
By Richard Shichangi. The County Co-operatives Officer, Samwel Khatenya has asked Saccos in the region to develop strong check off systems when giving out loans to members. This is to reduce incidences of members defaulting on their repayments. Saccos, he pointed out, will also improve their cash flow through an elaborate loan recovery system. “Although…
By Munene Maina. Kiambu residents are reaping big from the Co-operative sector as many embrace societies to increase their savings and access to affordable credit facilities. The sector is among the key drivers in the County economic growth, according to County Co-operative Commissioner Ephraim Mathenge. The importance of the sector is the reason why the…
