SACCOs
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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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Masaka officials remanded over theft of PDM Money
MASAKA, December 10, 2024 — Two parish chiefs, John Rogers Mutebi, and Joseph Bbale, alongside John Baptist Matovu, the Masaka District Agricultural Officer and Focal Person for the Parish Development Model [PDM)…
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Alebtong Emyooga SACCOs struggling to recover over Shs 510mln
ALEBTONG, November 22, 2024 At least 17 Emyooga Savings and Credit Organisations [SACCOs] in Ajuri County, Alebtong district, are facing challenges in recovering over Shs 510 million that was advanced to various…
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Ntungamo district boss calls for regular training of SACCO leaders
NTUNGAMO, November 21, 2024 – Samuel Mucunguzi, the LCV Chairperson of Ntungamo district, has called for regular training of leaders, and managers of Savings and Credit Cooperative Organisations [SACCOs], arguing that such…
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Masindi officials decry dependency syndrome for cooperatives
MASINDI, November 21, 2024 – Masindi Municipal Council officials have expressed concern over the failure of Savings and Credit Cooperative Organisations [SACCOs], and some producer cooperatives to sustain themselves. This concern was…
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Stanbic increases ceiling for unsecured SACCO loans to Shs 4bln
KAMPALA, November 20, 2024 – Stanbic Bank has raised the ceiling for unsecured SACCO loans to Shs 4 billion, up from the previous limit of Shs 200 million, with an interest rate…
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SACCO managers in Bunyoro urged to prioritise transparency and accountability
HOIMA, November 8, 2024 — Managers of Savings and Credit Cooperative Organisations [SACCOs] in the Bunyoro Subregion have been urged to uphold high standards of transparency, accountability, and effective management to foster…
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Masindi: Over 7,000 benefit from PDM
MASINDI — At least 7,419 individuals have benefited from the Parish Development Model [ PDM ] since its inception in the district, according to Cosmas Byaruhanga, the LCV Chairperson for Masindi district.…
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SACCO and VSLA leaders trained on governance and financial literacy
GULU CITY, October 25, 2024 — One hundred twenty leaders from Savings and Credit Cooperative Organizations [ SACCOs ] and Village Savings and Loan Associations [VSLAs] in the Acholi Subregion have completed…
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Save to invest in future: Christian women in Bunyoro Kitara Diocese urged to embrace saving culture
HOIMA, October 18, 2024 — Christian women in the Bunyoro Kitara Diocese have been encouraged to adopt a culture of saving as a means to invest in the future and contribute to…
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