Tag Archives: Sacco

Saccos urged to go big on ICT

By Collins Akong’o Saccos in Mombasa County have been urged to seriously embrace information and communication technology in order to enhance efficiency in service delivery. County Co-operatives Director, Nelson Nyoro said technology was the surest way of offering quality services. He was speaking during Tramom Sacco recent annual general meeting. The Sacco supervising committee chairlady Iman shee noted that the ...

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Highest dividend paying Saccos named

By Jackson Okoth The curtain has already come down on the Annual Delegates or General Meetings by members of Deposit-Taking Saccos, this publication provides you with a list of some of the most rewarding financial societies in terms of what they paid members as Dividends on Share Capital as well as rebates or Interest on Members’ Deposits….Buy our Sacco Review ...

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Dimkes Sacco maintains robust growth as assets rise to Sh1.59 bn

By Munene Maina Dimkes Sacco posted a strong financial performance for the fiscal year ending 31st December 2018 registering an asset base growth rate of 5.4 per cent to reach Sh1.59 billion. The Sacco, which had positive outcomes in all growth parameters, also recorded increase in members’ deposit to reach Sh1.35 billion in 2018 from Sh1.27 billion in 2017. This ...

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Asili Sacco maintains steady growth

By Our Reporter Asili Sacco has maintained a steady growth in membership, members’ deposit and asset base to stand out among fast growing co-operative societies in the country. The Sacco shrugged off harsh economic realities in the financial year 2017 to post impressive financial performance. Its total asset base increased to over Sh 2.227 billion from Sh 1.96 billion in ...

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Church launches Women Sacco

By Godfrey Wamalwa Anglican Church of Kenya Katakwa Diocese Women Sacco became the 100th to be registered in Busia County following the partnership between the County Government and Busia Women representative Florence Mutua. Mutua who presided over the launch in Amagoro recently pledged Sh500, 000 from the Affirmative Action Fund to help in kick-starting the sacco. She urged the members ...

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You can now use movable property as Sacco loan collateral

By Munene Maina Sacco members have the alternative of using movable assets as collateral to secure loans. This is in addition to the traditional use of land and chattel collaterals. “This will in effect greatly improve the ease with which consumers can access credit facilities from the financial lenders; while at the same time securing the interest of financial service ...

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Ubunifu Sacco fosters youth financial inclusion

By Erick Maranga Ubunifu Sacco continues to assist youth to enhance savings and financial inclusion.The youthful Sacco Chairman Frank Odindo said young people are the future of the country making it essential to cultivate a savings culture among them. This, he added, will increase financial inclusion and boost the sector’s deposits. What started as a self help group where members ...

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Surestep leads the way in connecting Saccos to Digital Application Systems

By Our Reporter Surestep Sytems and Solutions Ltd has been rated highly among the leading ICT service providers in the Sacco sector. In a new Sacco Societies Regulatory Authority (SASRA) annual supervisory report, the company is one of the 12 credible service providers serving a high number of savings and credit co-operatives in the country. According to SASRA, Saccos have ...

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Ingwe Sacco to offer health cover to members

By Amoto Dennis AFC Leopards Sacco has partnered with an insurance company to offer health cover to members. The Sacco Chairman Maurice Osundwa said the health cover of Sh200, 000 will also cover spouses and children. “This will bring an end to frequent fundraising for our members,” Osundwa noted. Devolution CS Eugene Wamalwa was present during the signing of the ...

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Youth turn WhatsApp group into a Sacco

By Dickson Kipsang A section of Nandi youths have created an awe inspiring tale by converting a WhatsApp group into a Savings and Credit Co-operative Society Limited aimed at empowering members economically. The group known as Maskani WhatsApp Group was officially converted into Maskani 029 Sacco as a result of a resolution passed during the second annivesary of the WhatsApp ...

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