SACCO

Prudent planning for success of cooperatives

Cooperatives today have become very important drivers of personal financial growth and the route to member’s economic empowerment. Since the first cooperative society was formed in Kenya and its subsequent success, both the private and public sectors embraced cooperatives as vehicles to financial breakthrough. Cooperatives must adopt the best policies, bylaws and strategies because good…

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Bungoma residents advised to take up responsibilities in cooperative sector

By Bulimo Mathews Achola Bungoma County Directorate of Cooperative Societies Development has asked residents to take part in the cooperative activities across the county. Speaking to the press in his office, the director of cooperative societies Stanislaus Wambani asked people to participate actively in the running and management of the cooperative societies in the region…

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County policy to streamline management of co-ops

By Azael Masese Bomet County is developing a cooperative policy to address issues affecting the operations of societies in the region. County Co-operative Commissioner David Kerich said the Bill that will establish this into law is before the County Assembly. “If adopted, it will attempt to curb mismanagement of co-operatives in the region since this…

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Saccos to receive revolving funds from Govt

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…

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