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

Alarm raised over rising Non‑Performing loans threatening SACCO dividends and stability

Sacco ReviewMay 6, 202608 mins

Alarm is mounting across Kenya’s cooperative sector as non‑performing loans surge to unprecedented levels, forcing savings and credit societies (SACCOs) to tighten risk provisions and slash member payouts. Regulators and officials warn that unchecked defaults are eroding liquidity, weakening lending capacity, and undermining the financial sustainability of institutions entrusted with billions in member savings. In…

Imarisha Sacco to open branches at Fort Ternan,Migori,Maralal to widen national presence

Sacco ReviewFebruary 15, 2026February 15, 202602 mins

The Imarisha Savings and Credit Cooperative Organization (SACCO) has announced plans to expand with the official opening of the Fort Ternan branch as a full-service FOSA outlet, along with marketing outlets in Migori and the planned Maralal branch to widen national presence. This was revealed during the Society’s 37th Annual Delegates Meeting at Kebo Plaza…

Saccos holding KSh91 million in unclaimed assets

Sacco ReviewJuly 12, 202408 mins

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…

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

Sacco ReviewMay 31, 2024May 31, 202408 mins

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…

Imarisha Sacco donates sanitary towels to hearing impaired learners in Kericho

Sacco ReviewMay 27, 202402 mins

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…

Change of guard as KUSCCO gets new Chairman, Managing Director

Sacco ReviewJanuary 16, 2024January 16, 202404 mins

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…

Saccos scramble for boda boda riders, women groups to grow revenues

Sacco ReviewJune 30, 2023June 30, 202308 mins

Saccos are increasingly turning their focus on motorcycle riders and women groups for new membership and uptake of products. Motorcycle riders, popularly known as boda bodas, are in particular seen as the fastest growing income group and many Saccos are coming up with targeted products for them. The focus on boda bodas and women groups…

Imarisha Sacco launches tailor made products for new members

Sacco ReviewJanuary 18, 2023January 18, 202302 mins

By Benedict Ng’etich Imarisha Sacco has launched new tailor-made products to help new members achieve their financial dreams. Sacco Chairman Mathew Ruto noted that the products include the take off loan which caters for newly employed people and does not require one to have deposits. The repayment period is 84 months and the applicant should…

Imarisha lauded for exceptional customer service

Sacco ReviewJune 15, 2021June 15, 202103 mins

By Benedict Ng’etich The Kericho County Commissioner for Cooperatives Leonard Otii has lauded Imarisha Sacco Board and the management team for its exceptional service. He also hailed the society for embracing new communication technologies making it possible for members to access services from home during the Covid-19 pandemic. “I would like to to thank the…