Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Most Saccos hold their Annual Delegates Meetings (ADMs) within the first four months of the year. As a delegate of a Sacco, it’s important to attend and participate in the ADM to stay informed about the financial and operational performance of the organization. To make the most of your ADM attendance, it’s a good idea…
23 years ago, Stanley Joseph Njue and a few business people from Embu County came together to form a self-help group, whose monthly contributions started at Ksh100 but now stands at Ksh1,000 monthly. The self-help group has now matured into Mediators Savings and Credits Cooperative controlling a circulating capital of more than Ksh80 million. It…
While Saccos have been in existence for years and being lauded as priceless savings and credit extension avenues, it now looks quite challenging to convince the youth to save in Saccos. The Sacco sub-sector Demographics Study Report of 2019 released by Sacco Society Regulatory Authority (SASRA), which carried an in-depth study on age and gender…
Savings and Credits Cooperative Societies (Saccos) in Embu County have enhanced publicity programmes to expand their customer base among the youthful digitally suave potential investors while retaining the traditional clientele of the elderly. Despite the high adoption of technology to ensure various services are easily accessible to the customers, the Saccos have not abandoned the…
The 101st Ushirika Day celebrations held at KICC saw different Saccos bag awards for excellent performance in various categories. Mentor Sacco emerged the winner in Best Sacco in Risk Management category where Mwalimu National Sacco and Yetu Sacco took position two and three respectively. In Best Managed Sacco across the country, Kenya National Police DT…
Saccos have emerged as a vital force in Kenya, making a significant positive impact on communities. With their roots in the cooperative movement, Saccos have evolved into inclusive financial institutions that cater for diverse sectors, including agriculture and technology. Beyond financial services, Saccos also contribute to women empowerment and sustainable development. In a country where…
Uasin Gishu County’s Department of Trade, Industrialization, Tourism, Cooperatives and Enterprise Development has trained cooperatives and Saccos across the county to revolutionize the cooperative landscape. The training exercise encompassed a wide range of vital topics focusing on areas such as share mobilization, book-keeping and auditing, management strategies, and embracing new technological trends. The department’s County…
Savings and Credit Cooperative Societies (Saccos) are turning to in-house managers for succession of top seats as opposed to hiring outsiders. The change of tack aims at ensuring little or no disruption in the running of the savings societies. Cooperatives are largely viewed as very democratic institutions, with members having a big say on who…
Machakos County Deputy governor Francis Mwangangi has revealed that the county government will continue mobilizing resources from various development partners in order to boost the growth of cooperatives which are vehicles for accelerated sustainable development. Speaking during the101st International Day of Cooperatives celebrations held at Kenyatta Stadium, the deputy governor, who represented Governor Wavinya Ndeti,…
Nakuru county Governor Susan Kihika has urged Sacco leaders to embrace good leadership to ensure the survival of their societies. In a speech read on her behalf by Deputy governor David Kones during the 101st Ushirika day celebrations, Kihika said Saccos are great contributors of economic development hence they should be managed well to safeguards…
