Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Savings and Credit Cooperative Societies (Saccos) are increasingly following in the footsteps of commercial banks by using personal security such as title deeds and log books, instead of guarantors, when issuing loans. An analysis by Sacco Review indicates that the number of Saccos giving members the option is on the rise and that the new…
Education, training and information, the fifth Cooperative principle, was established and adopted by the International Cooperative Alliance and later embraced locally through the enactment of the Cooperative Act. The goal and objective of this principle is to ensure that cooperative members understand their responsibilities and rights. It also seeks to ensure cooperatives educate and train…
Imarika Sacco in Kilifi County has elected John Ziro as new chairman , who previously served as Sacco vice chairman and as honorary secretary. Speaking to Sacco Review in Kilifi town recently, Sacco Chief Executive Officer (CEO) George Yongo Ngala said that the changes came during the society’s Annual General Meeting (AGM) held at Travellers…
President William Ruto has revealed that his administration will put in place proper mechanisms to manage the cooperative movement well to ensure Sacco members are safeguarded from exploitation by brokers and cartels. Speaking during Meru Dairy Cooperative Union’s 8th annual field day at Gitooro showground in Meru town, Ruto lamented that it’s very sad that…
Jumuisha Sacco Society Limited is steadfast in its endeavor to empower its members through the provision of quality products and services that improve their socio-economic developments. Sacco Chairperson Eveline Otieno is confident the Sacco is the region’s leading financial partner in offering real time financial solutions to businesses and groups for economic development. “Jumuisha Sacco…
Members of Anchor Premier Sacco, formerly Urithi Premier Sacco, can now heave a sigh of relief after the new management rolled out plans to recover their properties still held up by Urithi Housing Co-operative Society Limited. The Sacco, which was associated with Urithi, rebranded three years ago by dropping the name Urithi and replacing it…
Stakeholders in the cooperative movement aired the major challenges facing the movement to Cooperatives & MSMEs CS Simon Chelugui and PS Patrick Kilemi. National Cooperative Housing Union (NACHU) National Chairman Francis Kamande lamented about the few housing units in the country. He revealed that Kenyan urban centres need about 2,500,000 housing units but there are…
President William Ruto has lauded the unique nature of the cooperative business model of aggregating human and capital resources for informing his administration’s economic transformation agenda. The president revealed that since Saccos focus on uplifting Kenyans at the bottom of the economic pyramid, his administration decided to use them to help in economic transformation. He…
Uasin Gishu governor Jonathan Bii has promised to increase the Cooperative fund through a hustler kitty, a move that echoes the national government’s bottom up economics. He said this will ensure that many people who are in groups benefit. “As a county, we have a standalone Cooperative ministry and my government will increase money allocated…
Nairobi county Governor Johnson Sakaja has said his administration is currently reviewing the County Cooperative Act to incorporate a hustler Sacco that will bring on board all small scale traders in Nairobi. “We are reviewing our policy so that we can have the first hustler Sacco in Nairobi County so that small scale traders, hawkers and hustlers can…
