Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Saccos have been advised to adapt their strategies to cater to the preferences of Generation Z (Gen-Z) – referring to individuals born between 1996 and 2010 – by implementing advanced and interactive technology. Speaking during a Customer Breakfast Forum themed ‘Saccos and Gen-Z’ hosted by NCBA Bank, Cabinet Secretary (CS) for Co-operatives and MSMEs Development,…
Kwara is set to launch its own mobile application, the Kwara Connect App, which will enable Sacco members to manage their accounts, make digital repayments and deposits, check balances and statements, apply for mobile loans and request guarantors online. “We’ve had an amazing adventure together, completely transforming the way you interact with Savings and Credit…
Saccos’ Boards of Directors across the country have been urged to adhere to their by-laws and the country’s laws to ensure the provision of quality services to members. Nakuru East Sub-County Director of Cooperatives Alex Muchemi regretted that majority of Sacco boards are flouting laws and regulations that are meant to protect members’ savings and…
Principal Secretary (PS) in the Ministry of Co-operatives and Micro, Small, and Medium Enterprises (MSMEs) Development, Patrick Kiburi Kilemi, has emphasized the importance of cooperative policies in driving the economy. Speaking during a consultative meeting in Nairobi with co-operative developers today, PS Kilemi urged policy planners to collaborate and utilize their expertise for the benefit…
As the world of business evolves and as companies look for ways to stay ahead of the curve, Savings and Credit Cooperatives (Saccos) are moving away from traditional formulae to competitive recruitment of staff. Majority of the regulated Saccos are now advertising vacant positions in national daily newspapers, while others hire employment agencies to advertise…
Nakuru County Chief Officer of Cooperatives Kibet Kurgat has revealed that the county government has plans to provide low interest loans to registered cooperatives and Saccos through a revolving fund. Speaking during a meeting with stakeholders in the dairy sector, Kurgat revealed that all the necessary plans to launch the loan product at the beginning…
Sacco Societies Regulatory Authority (SASRA) Chairperson Jack Ranguma has urged businesswomen in Kisumu County to form Saccos at the grassroot level. Addressing over 500 women groups in Kisumu, Ranguma stressed that through Saccos, women will gain economic empowerment. “Saccos will enable you to access loans and other benefits. You can also market your products locally…
Uasin Gishu Governor Jonathan Bii has said that his administration has put measures in place to encourage the youth and women in the county to join Saccos. He noted that these special interest groups should be facilitated to tap into the existing benefits of cooperatives. The governor was speaking in Soi during the official launch…
The Governor of Kirinyaga County, Anne Waiguru, has launched 20 ward-based Farmers’ Saccos, which she said are key to unlocking the potential of smallholder farmers. The Saccos will provide members with affordable operational capital, credit services and information on markets and production practices. Waiguru said that the initiatives are aimed at strategically positioning farmers engaged…
Technological advancement is fast-shaping operations and performance in the Sacco and wider financial and banking sector, lessening inconveniences and the high cost of opening and running physical branches. A spot check by Sacco Review has established that more Saccos prefer mobile banking to agency banking due to convenience for members and more profit to the…
