Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina The demand for inter-lending among co-operative societies ranks high, but procedural steps in making the process smooth remains a hurdle. This is despite some Saccos controlling huge balance sheets more than even tier-three banks that they can loan at cheap interest rates to other sector players compared to more expensive sources such…
By Musa Radoli The Senior Deputy Co-operative Commissioner, Geoffrey Jang’ombe has told the co-operative societies in the country to avoid borrowing externally from the commercial financial institutions even if they were hard pressed by their liquidity status due to delays to get remittances from the County or National governments ministries. “Savings and credit societies are…
By Mary Wanjiru Ndung’u Saccos have experienced tremendous growth in channel use over the recent past. A channel is defined as the means through which members can access Sacco products. One key indicator on the importance of mobile and ATM channel uptake by saccos is the fact that Sacco Societies Regulatory Authority (SASRA) in all…
