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News
Kenyan SACCOs outshine banks in loan market amidst high interest rates
NAIROBI, December 16, 2024: Kenya’s Savings and Credit Cooperative Organisations [SACCOs] have attracted a growing number of customers seeking more affordable loan options as commercial banks keep charging higher interest rates. Despite…
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News
Lyamujungu SACCO’s 40 years of existence and excellence
KABALE, September 2, 2024 – Boasting almost 40,000 members, Lyamujungu SACCO domiciled in Kigezi Subregion, recently attained 40 years of providing excellent services to members, although the institution was unable to mark…
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Cooperatives & Communities
BCU releases Shs 200mln for sponsored students in tertiary institutions
MBALE, January 10, 2024 – Bugisu Cooperative Union [BCU] has released about Shs 200 million under its bursary programme benefiting 275 students from Bugisu Sub-region who are pursuing higher education at different…
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Cooperatives & Communities
SACCOs gift members during Christmas
BUSHENYI, January 3, 2024 – Most Savings and Credit Cooperative Organisations [SACCOs] in a campaign dubbed ‘Ekiterekye’ gifted best-performing members on the eve of Christmas celebrations. According to Felix Mugisha, General Manager…
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Cooperatives & Communities
Mbarara RCC directs probe over missing Shs 110mln for market SACCO
MBARARA, October 16, 2023 – Mbarara Resident City Commissioner, Lt. Col. James Mwesigye has instituted a team to investigate the alleged disappearance of Shs 110 million belonging to Mbarara Central Market Vendors…
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Cooperatives & Communities
Alebtong VSLAs get Shs 60mln soft loan from Islamic Development Bank
ALEBTONG – Islamic Development Bank has given a Shs 60 million soft loan to four village savings and loans associations [VSLAs] in Alebtong district. The money was provided through Local Economic Growth…
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Cooperatives & Communities
UNATU SACCO to hold AGM next Saturday
KAMPALA – Uganda National Teachers’ Union Cooperative Saving and Credit Society Ltd. [ UNATU SACCO] will hold its annual general meeting [AGM] on Saturday, July 15, 2023. The AGM will take place…
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Cooperatives & Communities
Don’t rush to become MDIs, big SACCO told
MBARARA – The chairman Besania SACCO in Mbarara Benson Nduhura has advised thriving SACCOs in western Uganda to transform into multipurpose cooperatives to boost members’ savings instead of hurrying to become microfinance…
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Cooperatives & Communities
Omoro boda boda groups receive Shs 30mln presidential pledge
OMORO – Several boda boda groups in Omoro district have received Shs 30 million pledged by President Yoweri Museveni recently. Museveni made the pledge to support the boda boda cyclists during a…
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East Africa
Kenya’s Tai SACCO total assets grow to Ksh4.1bln
NAIROBI– Despite a difficult economic environment in the country, Kenya’s Tai SACCO posted an impressive financial performance in the year ended December 31, 2022, posting Ksh 4.1 billion in total assets, its…
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