Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Achola Mathews Teachers have been urged to embrace the saving culture and join saccos so that they are able to reap big profits from loans and profitable projects. Knut executive secretary Teso branch Deogratius Owaya called on teachers to start saving and investing in projects that will help them in future. Owaya said the…
By Staff Reporter Kenya Police Sacco Society’s financial performance continued to grow on a positive trajectory. According to the Sacco’s Financial Statement for the year ended December 31st 2017, overall asset base grew by 21 per cent, rising to Sh24.2 billion compared to Sh20 billion that was recorded in 2016. Member deposits grew to about…
By Our Reporter In a move aimed at ensuring residents have access to cheap loans, the County Government of Nyandarua says it is in the process of setting up co-operatives revolving fund. According to trade and cooperative executive Muthoni Wamuya, 130 saccos will form a union called Nyandarua Co-operative Union, to manage the funds and…
By James Wakahiu Urithi Housing Co-operative Society Limited Director of Marketing Kevin Muthuri has asked Kenyans to secure insured loans and invest wisely. This means during tough times, they will have an insurance cover to take care outstanding loan amount effectively reducing the burden on their families in case of any unfortunate event that occurs….
By Johnston Kieti Farmers in need of loans in Samburu County have found relief after Agricultural Finance Corporation (AFC) reopened its branch in Maralal town. The branch collapsed in 1992 after farmers failed to repay loans within the required time. Speaking during a re-opening ceremony, AFC’s Head of Operations Millicent Omukaga said the new branch…
By Erick Nyayiera Co-operative movement in Nyanza needs to up its game and local farmers have been asked to join saccos so as to have a quicker access to loans for agribusiness. Agricultural Finance Corporation’s Regional Manager for the Western and Nyanza Martha Ayodo says that most farmers in Nyanza still practise subsistence farming a…
By Azael Masese The Government will put brakes on expansion of Savings and Credit Co-operatives (Saccos) to ensure there is regulated growth and financial stability in the sub-sector. Senior Deputy Commissioner in the State Department of Co-operatives Geoffrey Njang’ombe said loan repayment is posing a serious challenge hence the need to take the necessary steps….
