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

Tower Sacco deposits hit 21B to move 3 places up the overall rankings

Sacco ReviewOctober 25, 2024October 25, 202405 mins

Tower Sacco’s share capital and deposits increased by over Ksh3 billion in the last eight months to move from position 8 to 5 in a pool of 174 deposit-taking Saccos. According to Sacco Society Regulatory Authority (SASRA) in its Annual Sacco Supervisory Report 2023 which was released recently, the Sacco was ranked fifth under Large…

Why collaterals are gaining popularity over unsecured loans

Sacco ReviewOctober 14, 202407 mins

As competition stiffens from commercial banks, majority of Savings and Credit Cooperative Societies (Saccos) are making clever moves to accept personal security such as title deeds and log books in place of the traditional guarantors for loans. In recent years, a significant number of Saccos across the country have reportedly been giving members the option…

Nyandarua county pledges to patronize Tower Sacco’s services

Sacco ReviewJanuary 31, 2024January 31, 202403 mins

Governor Kiarie Badilisha has pledged that Nyandarua County will patronize the services of Tower Sacco whenever they require financial assistance or consultation. Speaking during the Sacco’s 48th Annual General Meeting (AGM) in Ol’Kalou, Badilisha said that the Sacco appealed to him because they are customer-centred and register all customers regardless of their financial status. He…

Tower Sacco launches scholarship for needy 2023 KCPE candidates

Sacco ReviewDecember 7, 2023December 7, 202302 mins

Tower Sacco is offering education scholarships to orphans and children from needy backgrounds who have scored 350 marks and above in the 2023 KCPE examinations. In a poster shared on its official Facebook page, the Sacco invited qualified candidates to visit any of its 26 branches across the country and apply by December 15. “Do…

Tower Sacco leases space at its iconic plaza in Ol Kalou

Sacco ReviewDecember 6, 2023December 6, 202302 mins

Tower Sacco is looking for traders to fill the vacant spaces in its multi-storey Tower Sacco Plaza located in Ol Kalau town in Nyandarua County. The lease rates available are 33 rooms for restaurants and accommodation, conference halls, a gym, and roof-top space. The Sacco, which has a remarkable membership of over 206,065 individuals and…

Tower Sacco holds Special General Meeting

Sacco ReviewOctober 2, 2023October 2, 202302 mins

Tower Sacco recently held a Special General Meeting to review the Society’s performance in the past eight months and to present the budget for the next financial year. Sacco Chairman Peter Mainah Ngugi said the Sacco recorded increased membership to 216,382 by August 31, 2023 compared to 188,115 in the same period last year. During…

Tower Sacco gets new director

Sacco ReviewMarch 3, 2023March 3, 202304 mins

By Peter Otuoro Patrick Thogo was elected the new Director of Tower Sacco in a competitive election carried out at Olkalou Primary School in Nyandarua County. Thogo got 222 votes against his close competitor James Mwangi who got 219 votes. He thanked everyone who voted for him and congratulated and thanked his competitor for serving…

Tower Sacco members elect new director

Sacco ReviewJanuary 16, 2023January 16, 202303 mins

By Peter Otuoro Tower Sacco members has elected Patrick Thogo as their new director in a competitive election which was held at Olkalou Primary School in Nyandarua County. Thogo got 222 votes against his close competitor former director James Mwangi get 219 votes. The new director promised to initiate a mass recruitment of new members…