The Leading Newspaper for Co-operative Movement in Kenya
By Richard Shichangi Faridi Saving and Co-operative Society Ltd has been declared the market leader in savings and resource mobilization in Busia County. County Co-operative Officer, Samuel Khatenya said out of 114 active societies within the county, Faridi Sacco was identified as the best in terms of capital mobilization and asset ownership. He said Faridi…
By Poshy Galilu Bahati Muungano Women Savings and Credit Co-operative Society members, Nakuru County have been urged to purchase more shares, boost their savings for better returns. This is in order to increase investment and strengthen the enterprise. Margaret Njoroge, the Society’s chairperson said the Sacco can only grow if members increase their shares. Ms….
By Munene Maina Nakuru County Government has embarked on an ambitious strategy to strengthen farmer’s co-operatives and boost Agricultural sector. Speaking to Sacco Review in his office, Nakuru Co-operatives Director Patrick Mak’Anyengo said strong societies for farmers will ensure they get good returns from their activities. “Agriculture sector plays a big role in our county…
By Wasike Elvis East Africa Exchange Company(EAX) has partnered with ABC Bank and East Africa Farmers Federation to build a Warehouse in UasinGishu County to be used by farmers in co-operatives. EAX Chairperson Jendayi Frazer said the facility to be built following the signing of a Memorandum of Understanding (MOU) between the three will help…
By Munene Maina. Business people and residents of Nakuru County towns can now access credit at low interest rates in addition to other co-operative services as more Saccos open branches in the region. Nakuru and Naivasha towns have recently recorded an increase in the number of savings and credit co-operative societies (Saccos) operating in the…
By Dennis Bett. Elgeyo Marakwet Youth Bunge Sacco has embarked on a mission to invest in assets and business generating activities as a way of empowering the youth. Speaking recently in Iten Town during the Annual Delegates Meeting, Chairman Nathan Tanui said that the society had grown its savings from Sh85,000 when it was established…
By Jackson Okoth In an effort to reach out to Savings and Credit Co-operatives (Saccos), SMEP Microfinance Bank is re-engineering its product offerings. The idea is to ensure that Saccos have their needs well catered for. “We already have several Saccos as our clients who are able to borrow from us at very competitive interest…
By Steve Vidonyi Boda boda cyclists in Likuyani Sub County, Kakamega County have finally agreed to join savings and credit co-operative societies (Saccos). At least five Saccos have been registered and commissioned in less than two months, in a move aimed at economically empowering members of the boda boda sector. The sector has been difficult…
By Munene Maina. Co-operative members in Nyandarua County are now more enlightened following training and education programmes conducted by County’s co-operative department, according to a senior official. Nyandarua Co-operative director, Veronica Kahura said the training has enabled Sacco members to effectively engage their officials during annual general meetings. “Before this, in most co-operatives, members hardly…
By John Ochieng. Boda boda riders in Rongo Sub-County have been urged to form and register groups such as savings and credit co-operatives (Saccos) to give themselves opportunity to save and borrow. A local politician Joseph Ngani told the operators to form groups that would facilitate financial savings to help build their individual financial base…
