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

How to unlock the potential of the digital economy for Kenyan youth

Sacco ReviewAugust 27, 2024August 27, 202409 mins

In recent years, the digital economy has emerged as a transformative force with the potential to drive significant economic growth and job creation. For a country like Kenya where youth unemployment is a pressing issue, the digital economy offers a promising avenue to create opportunities for the millions of young people who are currently unemployed….

As a Sacco member, are you aware of your obligations?

Sacco ReviewAugust 16, 2024August 16, 202408 mins

The growth of the Sacco sector in Kenya has shown how important they are in providing affordable financial services. They have enabled easier access to savings and credit for the middle and low-income segment for both household and enterprise development thus impacting the economic growth in both urban and rural areas. Many a time we…

OPINION: Easy ways Saccos can increase membership

Sacco ReviewFebruary 22, 2024February 22, 202407 mins

Saccos all over the world play a critical role in promoting financial inclusion through provision of financial services to members. However, membership size can have a direct impact on their long-term sustainability. This means that a Sacco with a large membership is more likely to be stable. There are a number of strategies in which…

OPINION: How Saccos should manage risks to ensure financial stability

Sacco ReviewOctober 27, 2023October 27, 202306 mins

While Savings and Credit Cooperative Societies (SACCOs) offer a myriad of benefits to members, they are also exposed to a lot of risks and with the progressive development in technology, regulatory demands and members’ needs, new risks are bound to keep cropping up. Types of risks There are several types of risks faced by SACCOs…

Why Saccos are the new frontier for Kenya’s development

Sacco ReviewJuly 20, 2023July 20, 202305 mins

Over the years, Saccos have emerged as the new frontier of development in Kenya. With their flexible financial solutions, the institutions are transforming the lives of ordinary citizens by providing them with access to credit and savings facilities. As of 2021, there were over 15,000 registered Saccos in Kenya with a total membership of over…

How Saccos can deal with non-performing loan accounts

Sacco ReviewJuly 1, 2023July 1, 202305 mins

A Sacco is a member-owned financial cooperative society whose purpose is to pool savings from members and use the funds to provide them with affordable credits. The process of acquiring loans has been simplified and digitized in many Saccos through mobile banking, a process that has made the loans easily accessible to members. Saccos offer…

How Saccos maintain a delicate balance in the group lending model

Sacco ReviewJune 16, 202305 mins

The group lending model has increasingly become popular among Saccos and Micro-Finance Institutions (MFIs) in recent years. This is largely based on its ability to leverage on joint liability and increased loan repayments while promoting entrepreneurial spirit among borrowers. Group lending methodology is a unique financial service for low income entrepreneurs. To obtain such a…

Lackluster performance of some cooperatives reason for State expropriation

Sacco ReviewJuly 21, 2022July 21, 202206 mins

By Fred Sitati In the recent past, the cooperative movement has lost two flagship cooperative institutions to the state through expropriation. These cooperatives are Kenya Cooperative Creameries (KCC) and Kenya Planters Cooperative Union (KPCU). KCC was renamed New KCC while KPCU was rebranded to New KPCU Ltd. The new effect of this change is that…