Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Cooperative Commissioner David Obonyo has called for a paradigm shift on how Saccos conduct their businesses, warning that relying on the check off system is no longer tenable. Most Saccos, Obonyo stated, were employee-based that depend on a check off at the end of the month to give loans, turning their back on millions in…
While Saccos have been in existence for years and being lauded as priceless savings and credit extension avenues, it now looks quite challenging to convince the youth to save in Saccos. The Sacco sub-sector Demographics Study Report of 2019 released by Sacco Society Regulatory Authority (SASRA), which carried an in-depth study on age and gender…
Youth in Malindi sub county, Kilifi county have been urged to take advantage of Uwezo Fund to boost their businesses. Speaking to Sacco Review, Malindi sub county Youth Development Officer Mtana Mwahunga urged the youth to form groups to enable them to access the Fund to expand their businesses. “The Fund will help address the issue…
Savings and Credit Cooperative Societies (Saccos) are increasingly following in the footsteps of commercial banks by using personal security such as title deeds and log books instead of guarantors when issuing loans. An analysis by Sacco Review indicates that the number of Saccos giving members the option is on the rise and that the new…
The Kazi Mtaani Programme was launched in April 2020 to cushion the unemployed youth from the adverse effects of the Covid-19 pandemic across the 1450 wards in the country. Those recruited into the programme mainly engaged in menial jobs in urban areas. Though the programme was at times characterized by intermittent delays in payments, it…
Bungoma county leaders have urged the youth in the region to embrace hass avocado farming as an alternative source of income. Speaking during the official opening of Sisi Village produce demonstration centre for hass avocado and bee keeping projects in Kanduyi constituency, area MP John Makali and his Bumula counterpart Jack Wamboka urged locals to…
Kericho county Governor Dr. Erick Mutai has underscored the critical role played by the co-operative movement in the economic growth of the region. Speaking during this year’s Ushirika Day celebrations held at Kericho Primary School, the governor said the investments and contributions of local cooperative societies have the greatest impact in poverty eradication at the…
Garissa county Cooperative Chief Samuel Karanja has lamented over the fact that none of the 79 Saccos in the county is headed by a woman. He blamed male chauvinism in the region, adding that the residents don’t vouch for women leadership despite ladies having proven to be eloquent in leadership in many other areas. Karanja…
The urge to splurge out cash on secondary needs is slowly driving the youth away from saving. Savings are considered critical funding sources, which enable governments, institutions and individuals undertake investment projects. Harrison Song’e, the chief executive of Airports Sacco regrets that the younger generation is mostly driven by spending more than savings. This, he…
ODM nominated MP for Youth Umulkheir Harun has urged boda boda riders to form Saccos to empower them to greater socio-economic heights. Speaking during the end of a three month long drive to register boda boda operators in Garissa Township, Harun called on national leaders and public institutions to empower the riders who are key…
