Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Teaching is no doubt Martha Cheboi’s first love. You can easily tell that from her dedication to her pupils. But Cheboi discovered early in her teaching career that her big heart can accommodate more than one passion. When she was posted to Kotilion Primary School immediately after college, the idea of keeping poultry to make…
Jane Maina, a mother of two, joined Mentor Sacco two decades ago. She shares her story on how the Sacco came to her rescue when she was first employed and transformed her life with our writer. Jane Maina was excited when she was hired by the Teachers Service Commission two decades ago. Her happiness was, however,…
Kilifi County boasts of having many cooperative societies thanks to Morris Mangi, who is credited to the proliferation of cooperatives in the region having planted the seed over three decades ago. Mangi initiated the formation of Kilifi Multipurpose Cooperative Society, now called Magarini Sand and Harvesting Cooperative Society, in 1990. He also formed Malindi Biashara…
The turnaround of coffee cooperatives following the introduction of cherry advances to the farmers by New KPCU, a state corporation, elicited mixed reactions from those expected to benefit from the proposed interventions. A cursory assessment shows that the uptake of this facility remains way below expectations despite frantic efforts being made by industry players. I…
Cooperatives today have become very important drivers of personal financial growth and the route to member’s economic empowerment. Since the first cooperative society was formed in Kenya and its subsequent success, both the private and public sectors embraced cooperatives as vehicles to financial breakthrough. Cooperatives must adopt the best policies, bylaws and strategies because good…
Saccos have moved into a second wave of rebranding, in an apparently new order that is adding the words DT Saccos (Deposit Taking-Saccos) on their names. What is the rationale of this craze? How does this change of identity impact in the industry? Is it a way of DT Saccos delinking with other societies such…
The government has identified cooperatives as the vehicle through which it will achieve its transformational objective of improving lives and promoting economic growth. Cooperatives Cabinet Secretary (CS) Simon Chelugui said the national transformation agenda will focus on several key areas such as food security, financial inclusion, nutrition, infrastructure, production, education, healthcare and economic development. He…
Saccos are increasingly winning county government staff into the cooperative movement but are dragging their feet on investing in multiple sectors at grassroots level in order to deepen their relevance in the economy. The lack of properly structured internal policies for making targeting investments is standing in the way of the pace of their integration…
Employer based Saccos must now adopt alternative methods to generate income and remain afloat even during difficult economic times rather than relying on the unreliable employers who might remit their employees deduction at their own volition, leaving the societies at the verge of collapse when they cannot support their operations. “Non -remittance of the dues…
Disputes in co-operative sector will now be handled by the Co-operative Court which will stand on its own aside from the existing Co-operative Tribunal, if the draft bill will be enacted into law. The Draft Co-operative Bill, 2021 which if enacted into law will repeal the long-term Co-operative Societies Act which was enacted in December…
