Hazina Sacco Chairman Evans Kibagendi and Tutu Primary School Headteacher Nancy Njunge cut a ribbon to officially hand over the toilets built through their CSR initiative.

Hazina Sacco opposes introduction of levy on non-withdrawable Sacco deposits

Hazina Sacco Chairman Evans Kibagendi has opposed the introduction of a levy on cash deposits held by Non-Withdrawable Deposit-Taking Saccos by the Sacco Societies Regulatory Authority (SASRA) beginning January 2024. Kibagendi will greatly affect the revenue of Saccos as a whole, and the savings of individual members who are ideally the owners of the Saccos….

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Increase Sacco shares to qualify for higher loans, members told

Uasin Gishu County Executive Committee Member for Trade, Industrialization, Tourism, Cooperatives, and Enterprise Development Martha Cheruto has urged cooperators to work on increasing their Sacco shares and deposits to enable them to access the County Enterprise Development Funds that attract low-interest rates on loans. “Higher savings enable one to qualify for higher loans,” she said….

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Societies urged to improve share capital, deposits

By Azael Masese Savings and Credit Co-operative Societies in Machakos County have been urged to conduct aggressive marketing campaigns to increase their business volumes. County Co-operative Officer Joe Maina  noted that critical among them is to improve on their share capital and deposits. Despite the societies’ closeness to Nairobi and the commercial opportunities it presents,…

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Kilifi County Co-op members’ deposits shoot up

By Tsozungu Kombe Kilifi County Cooperative members have improved their deposits substantially. Speaking during this year’s Ushirika Day celebrations held at Barani Secondary School in Malindi town, the County Trade, Industrialisation and Cooperatives Development Ministry Chief Officer, Patience Tsimba Umazi said prior to devolution, the deposits stood at Sh 2.3 billion but have now shot…

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