Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina Safaricom Sacco has finally bagged the coveted ‘Tier One Sacco status’ ranking by Societies Regulatory Authority (SASRA). “As we climb towards the top, it gets steeper; however we are optimistic we shall break into the larger Tier deposit-taking Saccos,” said Collins Ogutu, Safaricom Sacco Chairman. The Sacco closed the fiscal year 2017…
By Munene Maina Cosmopolitan Sacco intends to open four additional satellite offices in an effort to take services closer to members. The Sacco has five branches namely Nakuru, Naivasha, Bahati, Molo and Narok. In 2016, the society paid members Sh296 million dividends and interest, a growth of 21 per cent increase from the year 2015….
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….
