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

Saccos warned against chasing dividends at expense of cheap loans

Sacco ReviewJuly 10, 202608 mins

Managements of Savings and Credit Cooperative Societies (SACCOS) have been warned against an over-obsession with huge end-of-year dividends at the expense of their core mandate of issuing low-interest loans to members. Symon Mburia, the Assistant Commissioner for Cooperatives Development, director at the Hustler Fund, and a leading authority in the cooperative movement, challenged Saccos to…

Saccos told to stop the craze with high dividends, focus on other reward aspects

Sacco ReviewDecember 20, 2022December 20, 202206 mins

By Roy Hezron Professionals in the Cooperative sector have called upon the government to regulate dividend payment, especially in the Savings and Credit Co-operatives (Sacco) sub-sector, to separate success from dividends. Through the Kenya Society of Professional Co-operators (KSPC), the sector elites felt that the success of cooperatives should not be measured by the rate…