Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Lake Region Economic Bloc (LREB) Chief Executive Officer Victor Nyagaya has revealed that the bloc has decided to form a Sacco to sustain its economic model. Nyagaya said the bloc has already done the legal paperwork for registration and that they plan to start with a Sacco then gradually build it into a regional bank….
The government is negotiating with banking institutions to streamline their lending packages to accommodate small and medium enterprises, which are thought to be the pillar to the country’s future economy. Cooperatives Cabinet Secretary Simon Chelugui said the government was consulting with banks to restructure and be more attractive to the small and medium enterprises. Chelugui…
By Amoto Dennis Islamic banks have been urged to be part of Government’s Big Four Agenda. Treasury Permanent Secretary Dr Kamau Thugee said the finance institutions were in a position to facilitate universal healthcare, affordable houses and food security. He said the banks had quality products that can address the issue. The PS was speaking…
By Amoto Dennis Kenya Bankers Association Chairman Habil Olaka has observed that banks offering Islamic sharia complaint products face challenges in meeting rising demands for the products. He noted that the Kuala Lumpur based Islamic Financial Services Board demands that banking services and products must comply with sharia law to grow the products at about…
Savings and Credit Co-operative Societies (Sacco’s) have continued to play a significant role in promoting economic interest of their members. In Kenya, their role in uplifting lives in the community through financial inclusion cannot be overlooked. Saccos have helped members to mobilise savings and borrow in turn for investments in enterprises and personal development, thus…
By Staff Reporter Madison Co-operative Sacco has registered with Credit Reference Bureau. Thus, members who have not paid their loans for the past 90 days will be listed as provided in the Finance Act 2016. Through a notice in one of the local dailies dated February 16, the society requests those with non-performing loans to…
