Mhasibu Sacco – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Mhasibu Sacco targets 100,000 members and KSh31 Billion assets in new strategic plan

Sacco ReviewApril 26, 202603 mins

Mhasibu Sacco has unveiled its 2026-2030 strategic plan, outlining ambitious growth targets that include expanding membership to 100,000, tripling its asset base, and adopting artificial intelligence (AI) to modernise operations. Speaking during the launch, Chief Executive Officer Eunice Kanyi said the Sacco is confident of achieving the membership target well ahead of schedule. “Our target…

Government warns Saccos against borrowing to pay dividends

Sacco ReviewApril 21, 202603 mins

The Commissioner for Cooperatives Development, David Obonyo, has sounded a stern warning to cooperatives and savings and credit societies (Saccos) that resort to borrowing money to declare dividends and rebates. Speaking during the launch of a four‑year strategic plan for Mhasibu Sacco, Obonyo said such practices amount to deception and will attract punishment under tightened…