Sacco CEOs weigh in on mergers, education and defaults

Sacco CEOs say mergers can strengthen smaller societies, improve technology investment and boost competitiveness without compromising Co-operative values. They emphasise member education as key to better financial planning, responsible borrowing and stronger governance. CEOs support firm but fair loan recovery measures to protect members’ savings and maintain financial stability. For years, debate on Kenya’s Saccos…

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Naivasha Sub County Cooperative Officer Hanifa Wabomba (centre) pose for photo with Leaders of various Sacco in Naivasha and Gilgil Sub County. Photo/Peter Otuoro

Naivasha cooperatives urged to follow laws to boost service delivery

Naivasha cooperatives urged to comply with sector laws to improve member services. Members encouraged to engage actively during education sessions and annual general meetings. Wabomba calls for transparency, accountability and regular audits to build member trust. Naivasha Sub-County Cooperative Officer Hanifa Wabomba has urged co-operative societies in Naivasha and Gilgil sub-counties to strictly follow the…

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Sacco

Afya Sacco set to launch improved ICT systems, enhance service delivery

Afya Sacco has pledged to launch improved ICT systems to enhance service delivery to its members by the end of the year. Speaking during the Sacco’s Member Education Week in Western region, National Chairperson M/s Beatrice Mogire revealed that the Board of Directors has procured the services of an international top-notch vendor to oversee the…

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SACCO

Finmat Sacco embarks on member training to enhance financial literacy

Finmat Sacco has embarked on frequently holding member education days to strengthen financial literacy among members. Credit director Beatrice Kisanya assured members that the Sacco is focused on its core business of empowering members through financial literacy training so as to improve their individual as well as collective financial welfare. “Finmat Sacco prides itself for…

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