SACCOs
KUSCCO fraud: Wycliffe Oparanya breaks down loan amount ex-Sacco umbrella body managers took
Co-operatives and MSME Development Cabinet Secretary (CS) Wycliffe Oparanya revealed that the ex-managers held insider loans amounting to KSh 192.8 million.
Afya SACCO members accuse senior officials of embezzling KSh 2b
Members of Afya SACCO have raised serious allegations against senior officials, accusing them of embezzling KSh 2 billion from the cooperative’s funds.
Kenyan woman wins KSh 500k savings refund case against SACCO she left in 2022
A Kenyan woman won a tribunal case against her former Sacco, which was ordered to refund her savings after failing to do so following her 2022 exit.
Kenya National Police DT SACCO solidifies financial standing, gets stable outlook from GCR rating
Kenya National Police DT Sacco received A- (KE) and A2 (KE) rating on the national scale affirmation, from GSR, a South African-based credit rating company.
KUSCCO invites Kenyans for auction of its properties as it seeks to recover KSh 13b lost Sacco funds
Kenya National Union of Savings and Credit Co-operative (KUSCCO) sought to sell off properties to recover KSh 13 billion in member funds lost in management fraud.
List of factors to consider before borrowing loan from bank, SACCO or digital lender
Before borrowing a loan from a bank, SACCO, or digital lender, an expert recommended that borrowers consider factors such as interest rates and repayment terms.
KUSCCO: Govt appoints new board to fastrack recovery of SACCO funds in umbrella body
A forensic audit conducted by the Ministry of Cooperatives and MSME Development showed that the Sacco umbrella body lost about KSh 13 billion in fraud.
Kakamega women taking loans to buy expensive wigs, woman rep claims: “Some using to pay dowry”
Kakamege women rep Elsie Muhanda lamented that most women in her county were only interested in enhancing their beauty instead of investing in business.
Boda boda riders to get health insurance for KSh 50 per week and NTSA licenses for KSh 100 daily
Boda boda riders in Kenya to benefit from affordable KSh 50 health cover and KSh 100 licence plan through new initiative by Expendo Mobility and other stakeholders.
SACCOs
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