Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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….
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…
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…
By Kage Njoroge Co-operatives societies have emerged as strategic economic growth drivers which have created sustainable revenue generating opportunities in Murang’a County. County Executive Committee Member for Cooperatives Development, Edward Muiruri Maina explained that the sector is central in the economic and social lifeline in this county. Muiruri states majority of the residents earn their…
By John Majau Jamii Bora Bank and Capital Sacco have partnered in a bid to provide affordable housing for its members. The two financial institutions signed a Memorandum of Understanding in Meru town recently. During the initial stages the two institutions will target 10,000 members of the Sacco with the feasibility study focusing on the…
By Our Reporter Homa Bay County Women Sacco has received financial boost to strengthen its operations. The society received Sh10 million from Women Enterprise Fund (WEF) and two million shillings from the County Government. Homa Bay County Woman Representative Gladys Wanga said the Sacco was established to enable women be economically independent. “The funds will…
By Kamundia Muriithi Residents of Embu County fear losing their money to a savings and credit cooperative organization they had invested in. The society allegedly promised them that they could get loans of up to 10 times their savings and at eight percent interest rate per annum once they joined it. The Sacco started operations…
By Wesley Ken Having successfully attained the requisite asset base, Kimisitu Sacco Society is now officially in the tier one category of Saccos. To give its nod, the Sacco Society Regulatory Authority (SASRA) assesses the concentration risk of a DT-SACCO and its standing among its peer group in terms of total assets in order to…
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…
