Gen Z - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Saccos turn to youth to reverse ageing membership crisis

Sacco ReviewAugust 15, 202605 mins

Saccos are turning to young people to address an ageing membership base, with youth demanding faster, mobile driven financial services. Officials are urging Saccos to offer youth friendly products, digital services, financial education and clear pathways into leadership. Experts say mentorship, transparency and support for youth enterprises are key to making young people feel included…

Women asked to seek leadership positions in Saccos

Sacco ReviewJuly 8, 202403 mins

Universal Traders Sacco Chair Fredrick Ngumbi has called on women to vie for positions in Saccos in the country. The chair who was speaking during UTS Member Education Day in Tala, Machakos County noted that apart from joining Saccos as members women should be in the frontline in vying for positions. He said Universal Traders…

Resurgence of digital lenders giving traditional Saccos a headstart

Sacco ReviewJanuary 24, 2024January 24, 202407 mins

The resurgence of digital lenders is giving Saccos a headstart as it poses a significant challenge to attract and retain the younger generations; Millennials and Generation Z. It is particularly made more difficult by their overall predisposition since many of them still operate in a traditional manual style at their physical branches. A 2022 SASRA…

Saccos urged to consider Gen Z’s preferences in their strategies

Sacco ReviewNovember 30, 2023November 30, 202303 mins

Saccos have been advised to adapt their strategies to cater to the preferences of Generation Z (Gen-Z) – referring to individuals born between 1996 and 2010 – by implementing advanced and interactive technology. Speaking during a Customer Breakfast Forum themed ‘Saccos and Gen-Z’ hosted by NCBA Bank, Cabinet Secretary (CS) for Co-operatives and MSMEs Development,…