Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Godfrey Wamalwa Founder members of a Busia WhatsApp Group have created history by converting into a Savings and Credit Co-operative Society Limited aimed at empowering members economically. Matayos Reality WhatsApp Group has formally been converted to Matayos Reality Sacco with over 30 members becoming members after paying subscription fee of Sh200 and monthly contribution…
By Azael Masese The noose is set to tighten on Savings and Credit Co-operative Societies (Saccos) loan defaulters with a proposed law that allows them share records of all members having been tabled for debate in Parliament. Sacco will share amongst themselves the credit records of their members if a Bill before Parliament is passed…
By John Majau Meru County Miraa Sacco has been officially launched. The Sacco will champion the interest of miraa farmers locally and internationally. The society will also enable farmers to save and receive loans for business expansion and financial stability. Speaking in Maua town during the official launching of the Pioneer Sacco, leaders from the…
From page 1 The fact that the women must also be able to balance between family and staying late in meetings, makes this position even more difficult to handle for a woman,” said Eunice Kaboi, CEO of Mafanikio Sacco Society Limited, based in Mombasa County. Kaboi added that responding to issues brought forth by members…
By Makoma Musyoka Universal Traders Sacco has introduced a Check Off Loans product to better service delivery and attracts more members. The product enables salaried members to access loans through pay slips. Check Off loans are available to employees whose employers have signed an agreement with a lending institution. Sacco Board of Directors Chairman Simeon…
By Tsozungu Kombe More than 50 officials from nine newly registered Saccos in Kwale County recently underwent training on financial management. The two-day induction course was conducted by the Kwale County Government to enable them manage their Saccos in a more effective and efficient manner. Kwale County Government Trade and Co-operatives Director, Mr. Nyamawih Charo…
By Tindi Kuchio IG (Invest and Grow) Savings and Credit Co-operative Society Limited members have been urged to buy more shares in the Sacco when their salaries are increased. Speaking during the Sacco’s Special Delegates Meeting at Golf Hotel in Kakamega recently, Kakamega County Co-operative Commissioner, Nathan Mukhweso said this will increase the Sacco’s share…
By Jackson Okoth A trend is rapidly emerging where DT-Saccos prefer to look inwards when seeking to replace Marketing Managers, Finance Managers, Chief Executive Officers or even Chairpersons to the Boards of Directors. Those Saccos with no suitable replacements from within the society would rather poach these executives from other saccos rather than extend their…
By Munene Maina. Imarisha Sacco Society Limited gave Alfred Chepkwony, Peninnah Chepkemoi and Faith Kandie, three teachers based in Kericho County, a loan of Sh 1.5 million for construction of a school. This project was planned to have a three storeyed modern complex and dormitory block. This cash ran out before the project was complete…
By Jackson Okoth. The Commissioner for Co-operative Development has instituted a statutory inquiry in United Nations Sacco Society (UN Sacco). The areas to be investigated during the inquiry, according to Gazette Notice No. 10042, include the Society’s By-Laws, Working and Financial Conditions and Conduct of the Management Committee, past and present members or officers of…
