Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Wasike Elvis In its move to improve the livelihoods of its residents Uasin Gishu County Government has increased the County Co-operatives and Enterprise Development Fund to ensure more co-operatives benefit from the fund. According to the CEC in charge of Co-operatives and Enterprise Fund, Esther Mutai , their aim is to loan up to…
By Bonface Mulu Kitui Teachers Sacco plans to reduce cases of loan defaults and has partnered with Trans Union to share credit information with other financial institutions. The Sacco Chairman, Dr. Joseph Kithome , said the move would stabilize the Sacco as cases of loan defaults would be minimized and members with bad credit history…
By Staff Reporter Madison Co-operative Sacco has registered with Credit Reference Bureau. Thus, members who have not paid their loans for the past 90 days will be listed as provided in the Finance Act 2016. Through a notice in one of the local dailies dated February 16, the society requests those with non-performing loans to…
By Azael Masese The noose is set to tighten on Savings and Credit Co-operative Societies (Saccos) loan defaulters with a proposed law that allows them share records of all members having been tabled for debate in Parliament. Sacco will share amongst themselves the credit records of their members if a Bill before Parliament is passed…
The Government has communicated of its intention to go slow on approving plans by saccos that seek to open the common bond. Common bond is where a sacco recruits members outside its jurisdiction. For instance, common bond occurs when a sacco affiliated to teachers opens its doors to members outside teaching profession. Recruiting members from…
By Kinoti Murithi Capital Sacco has launched a loan product to assist schools to construct classes, dormitories, administration blocks, halls and laboratories. The loan product can also be used to finance construction and equipping of laboratories, kitchens, toilets and gates. Capital Sacco has tailored its loan product to cater for specific needs of any school….
