Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Cabinet Secretary for Cooperatives and MSMEs Development Wycliff Oparanya has said that the cooperative bill 2024 which has put corrective measures for the Saccos is expected to become law by the end of the year. Oparanya speaking during 50 years celebrations of Stima Sacco Society Limited held at Carnivore Grounds in Nairobi said that the…
“Stima Sacco was established in 1974. It started with the goal of providing financial services to employees in the energy sector in the country,” says Stima Sacco CEO Gamaliel Hassan in a recent interview with one of the media house. “At the beginning, it aimed to provide savings and credit services to its members to…
Saccos in the country are among top lenders accumulating assets and savings worth billions of shillings. Five top Saccos in the country command a membership of over 517,700. Nairobi City County director of co-operatives Dolphine Aremo said recently that the Capital City hosts to 4978 cooperatives including giant Saccos. In her speech dubbed “Overview of the…
Stima DT Sacco Society Limited has delivered a strong fiscal report as seen in its latest financial statements to pay members dividends at a rate of 15 per cent and rebates at 11 per cent. The permutations translated to a total payout of KSh4.06 billion compared to KSh3.56 billion in 2022. According to the Sacco’s…
Stima DT Sacco has Sacco achieved remarkable growth across all key indicators in the year ended December 31, 2023, this was revealed during the Sacco’s Investors briefing meeting in Nairobi. The Sacco which turns 50 years this year paid members dividends at a rate of 15 per cent and rebates at 11 per cent. This…
Stima DT Sacco has reviewed the repayment periods of its loan products, allowing borrowers more time to adjust to the country’s economic situation without defaulting. “We are delighted to announce that Stima DT Sacco has reviewed its credit products. These changes will see an extension on the repayment terms of our credit facilities. We urge…
Kisii County Deputy Governor Dr. Robert Monda has stressed on the importance of financial literacy campaigns and member education drives among Saccos to cultivate a saving culture among residents. Speaking during the launch of Stima Sacco new branch at Waumini Plaza where he represented Governor Simba Arati, Dr Monda noted that cooperatives play a pivotal…
Stima DT Sacco is gearing up for the launch of new branches in Kisii, Meru and Nairobi counties. The branches, which will be launched on June 30, 2023, will be located on the ground floor of Waumini Plaza, second floor of Greenwood Mall and First Floor of Electricity House in Kisii, Meru and Nairobi counties…
By Fredrick Odiero Stima Sacco Chief Executive Officer Gamaliel Hassan has expressed his Sacco’s commitment to give back to the society as part of their Corporate Social Responsibility (CSR). Speaking during the official opening of a major roundabout refurbished by the Sacco in Kisumu town, Hassan said his Sacco was keen on elevating the environment through…
By Azael Masese Stima Deposit Taking (DT) Sacco exhibits all the attributes and performance indicators of a successful institution. Ranked the second wealthiest Society by the Sacco Societies Regulatory Authority (SASRA), their end year performances have remained mouth-watering. As of 31st December 2021, the Society’s asset base, turnover, loan book and balance sheet had grown by…
