Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Eugene Kioko Members of a housing co-operative society have expressed fears for their lives after a gang of armed people believed to be hired by land cartels invaded their property. The 4,000 members of Kamulu Housing and Co-operative Society who have settled on 2,300 acres of land bought by the society said their lives…
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 Staff Reporter Total assets held by Kenya Bankers Sacco increased from Sh6.3 billion in 2015 to Sh6.7 billion at the close of financial year ended 31st December, 2016. According to the Sacco Society Regulatory Authority (SASRA) Supervision Report, 2016, the sacco ranks 13th among largest deposit-taking sacco across the country in balance sheet size….
By Our Reporter Busia Government seeks to have have all Boda Boda riders registered under saccos to enable them improve on their livelihood through the Co-operative Fund. Governor Sospeter Ojaamong said capacity to form a Sacco would assist them get loans to invest in profitable activities. Speaking to Sacco Review newspaper at the County headquarters,…
By Bonface Mulu Kitui Teachers Sacco plans to diversify its products to meet the demands of its members and expand on its revenue streams. Sacco Chairman Joseph Kithome said subject to approval by Sacco Societies Regulatory Authority (SASRA), the sacco intends to introduce two new products soon to With a membership of about 17,000, compared…
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…
