Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Fredrick Odiero STIMA savings and credits cooperative society (SACCO) now intends to open a branch in Ksii region in order to satisfy the ever increasing demand for its services. According to Kisumu branch manager Mrs. Ann Ayoro the new branch will serve far flung areas such as Nyamira, Homa Bay and Migori together with Mbita….
By Malachi Motano Stima Sacco has partnered with the Kenya Mortgage Refinance Company (KMRC) to offer low-cost home purchase loans to its 14,000 members, most of who are drawn from the energy sector. The sacco will now offer the mortgages at 9 percent per annum on a reducing balance for members in formal employment. Those…
By Sammy Chivanga Just as the name suggests, Savings and Credit Co-Operative Societies (Saccos) are about members cooperating to create a pool of savings from which to borrow for growth. The Sacco movement in Kenya is founded on trust because people mobilise money and take loans at attractive interest rates to achieve their dreams. But…
