Saccos

12 Articles
World Council of Credit Unions
BUSINESS

WOCCU Lists Regulatory Issues Hurting Credit Unions

The World Council of Credit Unions (WOCCU) says credit unions and financial cooperatives worldwide still face challenges in reaching out to unserved markets...

Kwara Team
BUSINESSTECHNOLOGY

Kwara Targets Thousands Of Saccos In Kenya Through New Regional Offices

Digital banking platform Kwara has opened regional offices in Kenya as part of its expansion strategy. The company has placed permanent regional representatives...

Central Bank Governor Patrick Njoroge. The CBK has reinstated charges on transactions effected through bank-specific Sacco mobile money wallets.
BUSINESSECONOMY

CBK Reinstates Transaction Charges on Sacco Mobile Money Wallets

CBK stated that the resumption of charges would be subject to review in line with principles announced in December 2020 of customer centricity,...

Mobile loan lenders. CBK regulations say that non-performing loans of less than Ksh 1,000 will not be submitted to CRBs and Borrowers previously “blacklisted” for amounts less than Ksh 1,000 will be “delisted.” www.businesstoday.co.ke
FEATURED STORY

Kenyans Delisted from CRBs as CBK Seeks Taming Shylocking

and Borrowers previously “blacklisted” for amounts less than Ksh 1,000 will be “delisted.”

Mwananchi Credit Loans in Kenya www.businesstoday.co.ke
MARKETS

Six Most Popular Loans Offering Quick Cash

Micro-lenders are effectively filling the gap left by over-cautious commercial banks and saccos in the credit market.

StarTimes Digital TV deal with Stima Sacco www.businesstoday.co.ke
FEATURED STORY

Sacco Members Get Discount on StarTimes Digital TV sets

The pay-television company will provide StarTimes digital television sets at between 8% and 10% discount to all members of saccos.

FEATURED STORY

ABC Bank partners with Saccos for faster cheque clearance

ABC Bank is partnering with Savings And Credit Co-Operatives (Saccos) to enable members have their cheques cleared within two working days. Sacco members can...

FEATURED STORY

More Saccos targeted by cyber criminals

The latest incident involves a reputable IT Vendor which was recently attacked by a web of hackers, who swept all the cash that...

FEATURED STORY

Police arrest Safaricom staff over Sh70m Saccos fraud

The development comes barely days after the telco revealed in its 2018 sustainability report that it dismissed 43 employees in the year to March for...