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

Tower Sacco unveils digital loans, eyes Ksh80 billion assets

Sacco ReviewSeptember 21, 202602 mins

Tower Sacco marks 50 years with a new digital lending service Members can now access loans through digital channels Sacco targets Ksh80 billion in assets by 2030 Tower Sacco has marked its 50th anniversary by launching digital loans as it sets its sights on growing its asset base to Ksh80 billion by 2030. The Nyandarua-based…

Tower Sacco hosts Malawi cooperative movement delegation

Sacco ReviewSeptember 16, 202602 mins

Tower Sacco welcomes Malawi cooperative leaders for a knowledge exchange Delegation explores Kenya’s approaches to cooperative development and finance Visit strengthens links between cooperative movements in the two countries Tower Sacco has hosted a delegation from Malawi’s cooperative movement as part of an exchange programme seeking to strengthen cooperation and knowledge sharing between the two…

Tower SACCO’s golden jubilee crowns five decades of explosive growth

Sacco ReviewJuly 15, 202608 mins

Tower SACCO marks 50 years with assets growing to Ksh34.56 billion and membership surpassing 247,800. Sacco paid Ksh2.88 billion to members after posting Ksh1.29 billion surplus before tax. Expansion drive sees 31 branches, new digital services and plans to grow assets to Ksh80 billion by 2030. Tower SACCO Society Limited arrived at this year’s Ushirika…

How adjustments in Central Bank Rate (CBR) affect SACCOs’ lending business

Sacco ReviewAugust 6, 2025010 mins

An adjustment to the Central Bank of Kenya benchmark rate also known as the Central Bank Rate (CBR), a tool that provides a signal to guide how commercial banks charge customers for loans, has a significant effect on the way SACCOs do their lending business. “If commercial banks lower their lending rates below those offered…