KDC Director-General, Norah Ratemo

Amica Sacco receives Ksh300M to boost agriculture, MSMEs

Kenya Development Corporation (KDC) has lent Ksh300 million in low-cost credit to Murang’a-based Amica Sacco for lending to farmers and micro-traders. The Sacco, which primarily serves farmers and small businesses, will provide loans ranging from Ksh7,000 to Ksh250,000 at a single-digit interest rate to meet working capital needs. The loans are funded by the Ksh8…

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Cooperatives PS Patrick Kilemi leads tree planting in Murang'a County.

Cooperatives PS leads Saccos in planting 15,000 trees in Murang’a

Today, cooperatives stakeholders planted 15,000 trees at Kimakia Forest in Muranga County in line with the accelerated 6-month tree growing programme in the Country. Principal Secretary, State Department of Co-operatives, Ministry of Co-operatives and Micro, Small and Medium Enterprises Development Patrick Kilemi led the planting where more than 10,000 indigenous and 4,000 bamboo seedlings were…

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Amica Sacco Chairman Hezron Muchira

Murang’a Assembly advised to make laws that will empower Cooperatives

The co-operative sector is one of the key economic drivers which contribute hugely to social and economic development in Murang’a County. In this consideration, the Murang’a County Assembly has been challenged to craft legal frameworks which would enable this crucial sector to upscale performance. According  to the chairman  of Amica Sacco  Society, Hezron Muchiri,  county…

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sacco

Gov’t urged to pay salaries through Saccos

Amica Sacco Chairman Hezron Maina Muchiri has asked the government to channel salaries for public servants and payment to suppliers through Saccos. Muchiri said the money will boost Sacco portfolios and also improve their financial status. He lamented that payment of civil servants and entrepreneurs exclusively through banks was alienating Saccos from the national payment…

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Sacco goes digital to stay afloat

By Malachi Motano A Murang’a based Sacco has embraced various digital platforms to avoid loses occasioned by the outbreak of Covid-19. Amica Sacco started to introduce its members to several digital platforms since the beginning of last year. The Sacco’s Chief Executive Officer James Mbui said digitization helped customers transact businesses without much movement. Restriction…

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