Acumen Sacco members during their AGM.

Saccos holding KSh91 million in unclaimed assets

James Kinuthia was a member of one of the biggest Saccos in the country; he was employed and used to contribute Ksh1,000 monthly. In the year 2001, Kinuthia lost his job, rendering him unable to make the monthly deposits. Subsequently, he withdrew his deposits, receded to the village and lost contact with his Sacco. Little…

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Cabinet Secretary (CS) for Cooperatives and MSMEs Development Simon Chelugui.

What next for KUSCCO after loss of billions in member savings?

Stakeholders in the cooperative movement have now called for urgent measures to ensure that the country’s Sacco umbrella body, the Kenya Union of Credit Co-operatives (KUSCCO), is regulated for safety of funds and restore the image of the union. This comes after the Cabinet Secretary (CS) for Cooperatives and MSMEs Development Simon Chelugui dissolved the…

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Imarisha Sacco members Kedowa Special School For the Deaf located in Kericho County. Photo:courtesy

Imarisha Sacco donates sanitary towels to hearing impaired learners in Kericho

On Saturday May 25, 2024, Imarisha Sacco members visited Kedowa Special School For the Deaf located in Kericho County. The Sacco members donated various items including sanitary towels, tissue papers among other items for the use by the learners. “CSR is at the heart of Imarisha Sacco Society Limited, Our commitment to serving humanity is…

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Imarisha Sacco Vice Chairman David Langat. He is the new KUSCCO National Chairman.

Change of guard as KUSCCO gets new Chairman, Managing Director

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has made changes to its top leadership after the departure of National Chairman George Magutu and the Group Managing Director George Ototo. In a circular addressed to all Savings and Credit Co-operatives (SACCOs) dated January 15, 2024; David Langat from Imarisha Sacco in Rift Valley region…

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