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

Mwalimu Sacco maintains top position in Kenya, Africa in latest report

Sacco ReviewSeptember 17, 202405 mins

Mwalimu National DT Sacco has maintained its top position in the country and in Africa as one of the Savings and Credit Co-operatives (SACCO) with the highest asset base in the latest supervisory report released by the country’s Sacco regulator. According to the recently released Sacco Societies Regulatory Authority (SASRA) 2023 Annual Supervision Report, Mwalimu…

SASRA releases list of top Saccos, Mwalimu Sacco maintains top position in Kenya, Africa

Sacco ReviewSeptember 11, 2024September 11, 202405 mins

Mwalimu National SACCO has maintained its top position as the largest SACCO in Kenya and Africa with an asset base of over Ksh.66.43 billion this is according to Sacco Societies Regulatory Authority (SASRA) 2023 Annual SACCO Supervision Report. The report released on Wednesday indicated that Stima DT Sacco commands ksh 59. 15 billion taking second…

Mwalimu Sacco member wins KSh3.2 million house in promo

Sacco ReviewMarch 2, 2024March 3, 202402 mins

Tom Charigah emerged the winner of a three-bedroom house worth KSh3.2 million in a savings promotion scheme organized by Mwalimu National Sacco. READ ALSO: Kajiado women to receive interest-free loans if law is passed Charigah who been a member of the Mwalimu Sacco for over 40 years, was given the house situated at Kisaju area…

Mwalimu National Sacco, KMRC partner to unveil cheap mortgage loan facilities

Sacco ReviewMarch 31, 2023March 31, 202308 mins

By Obegi Malack obegimalack@gmail.com Mwalimu National Sacco in partnership with Kenya Mortgage Refinancing Company (KMRC) has unveiled low mortgage loan facilities to give affordable housing to members. The Sacco, which is Africa’s largest Sacco by assets, unveiled the affordable housing loan products at Mwalimu National Towers in Upper hill in a colourful event graced…

Court dismiss Mwalimu Sacco appeal seeking quashing of sh 44.9 million tax

Sacco ReviewFebruary 7, 2023February 7, 202303 mins

By Our Reporter Mwalimu National Sacco have lost an appeal seeking quashing of sh 44.9 million tax demand by government. The High Court Justice David Majanja dismissed the petition detailing that an appellate court dealing with matters of law cannot engage in a factual exercise as it will be usurping the powers of the tax…

State-based Saccos dominate sector

Sacco ReviewJanuary 6, 2020January 6, 202003 mins

By Jackson Okoth Government-based Deposit Taking-Saccos control majority of both total assets and total deposits in the Sacco sub sector. These financial co-operatives, which derive the bulk of their membership from Ministries, State agencies, Corporations and County Governments, controlled 37.67 per cent of the industry’s entire balance sheet of Sh 495.25 billion as at the…