Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Players in the real estate sector have raised alarm over delays in processing of title deeds. Association of Real Estate Stakeholders Chairman Kinyua Wa Iratu claims the delays have been occasioned by rampant corruption in various land registries infiltrated by cartels. He noted that some unilateral decisions like changes in land rates and other statutory…
The existence of Gulf Africa Bank, Dubai Bank and First Community Bank as fully fledged Islamic Banks has cemented Kenya’s position as a hub for Islamic banking in East and Central Africa. The position is further cemented by the existence of Islamic products in conventional banks and Saccos. Abdi Hussein, Gulf Bank Garissa Branch Deputy…
Kaloleni sub county Youth Development Officer Festus Matee has urged the beneficiaries of the Uwezo Fund to promptly repay their loans to enable other groups benefit. Matee noted that from the Ksh23, 255,000 issued to 192 Women, Youth and persons with disability groups in Kaloleni Sub County, only Ksh7,234,060 has been repaid. “That translates to…
Kwale County Cooperative Director Mohammed Mkanga has revealed that at least 200 dormant cooperative societies in the county are set for revival. Mkanga said this year, three dormant cooperative societies have already been revived. He revealed that there are many dormant cooperative societies yet there isn’t sufficient budget allocated for their revival since the department depends…
One of the key reforms introduced in the judicial system by the 2010 constitution was the implementation of Alternative Dispute Resolution mechanisms (ADR), which aimed to settle disputes in various sectors, including cooperatives. During the era of the Cooperative Societies Act, 1966, I vividly recall how cooperative disputes were resolved through a process known as…
Saccos and Cooperative Societies have been urged to adopt swift models of repayment of the Cooperative Enterprise Development Fund (CEDF) loans. Speaking during the scrutinizing and approval of CEDF loan application documents, Cooperatives and Enterprise Development Chief Officer Ruth Samoei maintained that it’s vital for the societies to put the fund into good use since…
Traders in Kilifi county have been advised to apply for Wezesha Fund ( formerly Mbegu Fund ) from the county government to boost their businesses. Speaking during a public function held in Malanga village in Malindi sub county, Sokoke Ward Member of County Assembly ( MCA ) Thaura Mweni said the loans do not have…
Herman Mwashighadi Mwachia can truly attest to how Saccos are beneficial to its members. Mwachia, who is a member of Qwetu Sacco, says that the Sacco changed his life for the better. The retired primary school teacher acquired a loan of Ksh2.5 million from Qwetu Sacco which he used to build a modern permanent house…
Youth in Malindi sub county, Kilifi county have been urged to take advantage of Uwezo Fund to boost their businesses. Speaking to Sacco Review, Malindi sub county Youth Development Officer Mtana Mwahunga urged the youth to form groups to enable them to access the Fund to expand their businesses. “The Fund will help address the issue…
After being skeptical for a while about being part of a Sacco, Dennis Fondo finally decided to join Tabasuri Sacco. Fondo, a security guard with the Texas Security Company for about fifteen years now, says he wished he had joined Tabasuri Sacco way back when he first began working. He attributes the tremendous milestones he…
