Saccos - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Join Saccos to access affordable housing, Kenyans asked

Sacco ReviewFebruary 19, 2024February 19, 202403 mins

Kenyans have been asked to join Savings and Credit Cooperatives Societies (Saccos) to easily own and invest in property. According to Engineer George Kiiru, the Chairman of Wanabarabara Housing Cooperative Society, buying property as a group is much easier and more affordable as compared to buying it individually. Addressing the press in Kisaju located in…

How Fintech is revolutionizing the Sacco movement in Kenya

Sacco ReviewDecember 14, 2023December 14, 202305 mins

According to a report submitted by Accenture to the Financial Sector Deepening (FSD) Kenya, Saccos are one of the leading sources of finance, and in many rural areas, local Saccos are the only provider of financial services. Fintechs are becoming invaluable partners for Saccos in Kenya who provide innovative digital solutions to streamline their operations…

4 cooperatives in Kilifi county set for revival

Sacco ReviewDecember 6, 2023December 6, 202302 mins

Four cooperative societies in Malindi and Magarini sub counties in Kilifi county are set for revival. Speaking to Sacco Review in her office in Malindi town recently, Malindi sub county Cooperative Officer Moraa Ziro revealed that Goshi Farmers’ Cooperative, Manyeso Dairy Cooperative, Magarini Sand Harvesting and Magarini Cotton Farmers Cooperative societies will be revived. She…

Ruto honours pledge to buy TukTuk for Hustler Fund top borrower

Sacco ReviewDecember 5, 2023December 5, 202302 mins

Harrison Kenga, a TukTuk operator based in Mombasa, was recently awarded a new Piaggio machine by President William Ruto. During the fund’s first anniversary, Kenga was named the top borrower of the Hustler Fund, having taken a loan of Ksh714, 000 so far. The President promised to buy him a TukTuk. Kenga started with a…

Cooperative University praised for enhancing Sacco sector

Sacco ReviewDecember 2, 2023December 2, 202303 mins

The Ministry of Cooperatives and MSMEs Development Cabinet Secretary, Simon Chelugui, has highlighted the important role played by the Cooperative University of Kenya (CUK) in enhancing professionalism within the cooperative movement. According to him, the university’s contribution in equipping and training the workforce in the cooperative sector is crucial for the sustainability of Saccos. “As…

Alex Chamwada proud to catalyze growth of Cooperative movement

Sacco ReviewDecember 1, 2023December 1, 202303 mins

Alex Chamwada, the Founder and Chief Executive Officer (CEO) of Chams Media, a communication consultancy firm specializing in content creation, has expressed pride for contributing to the growth of the cooperative movement. The media personality, who worked with several national TV stations before debuting his renowned programme – ‘Daring Abroad’ – made the remarks while…

Nyeri County keen to further development in cooperative sector, Governor says

Sacco ReviewNovember 30, 2023November 30, 202303 mins

Nyeri County Governor Mutahi Kahiga has celebrated the remarkable progress made in the cooperative movement, from the establishment of new Saccos to the training of leaders in financial management and good governance. “Under the county’s leadership, 100 cooperative society elections have been successfully conducted, fostering inclusive participation and democratic processes. Furthermore, 600 cooperative leaders have…

Saccos urged to consider Gen Z’s preferences in their strategies

Sacco ReviewNovember 30, 2023November 30, 202303 mins

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 set to launch global app to ease Sacco transactions

Sacco ReviewNovember 29, 2023November 29, 202304 mins

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…

Directors urged to adhere to laws to ensure smooth running of Saccos

Sacco ReviewNovember 27, 2023November 27, 202302 mins

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…