Gusii Youth Bunge Sacco Chairman Asha Moronya addresses the press after the Sacco's Annual Delegates Meeting at Kisii Agricultural Training Centre. Photo: Emmanuel Gwakoi

Gusii Youth Bunge restructures loans to ease members’ burden

Gusii Youth Bunge Savings and Credit Cooperative Society chairman, Asha Moronya has said the society restructures members loans to ease their burden. Members, notes the official have challenges repaying loans owing to global economic recession and it is necessary for the management to assist them. “We restructure their loans and support them repay the loans…

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Pros and cons of Saccos paying high dividends

The government recently warned Saccos against the culture of declaring ‘impractical dividends’ to members at the expense of financial stability of the institutions. The government’s argument was that if not checked, the trend would lead to the collapse of many Saccos. Since their inception, Saccos have become very popular among Kenyans and provided financial services…

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