I find it absurd that everybody in the media, usually refer questions concerning co-operatives (Saccos especially) to KUSCCO (Kenya Union of Savings and Credit Co-operatives). Why would one go to KUSCCO seeking to register a co-operative or clarification on what a Sacco is? Or more confusing what Sacco to join?
Isn’t there a government department (used to be a fully fledged ministry) that has an extension department that:
- Offers advisory services to the Co-operative Movement on development of accounting, entrepreneurship, ICT and Management?
- Empowers members to understand and apply the Cooperative Societies Act and Co-operative Development Policies?
- Identifies opportunities for co-operatives to participate in the industrialization process, acquisition of required capital and value addition?
- Facilitates dialogue between stakeholders on how to create a sustainable co-operative structure?
- Ascertains compliance with provisions of the co-operative societies Act?
- Sensitize the public on the advantages of the co-operative system and?
- Disseminates relevant information on the development of cooperatives?
- Promotes groups to be registered as co-operatives?
- Encourages value addition and co-operative marketing?
KUSCCO is a union. A union is formed by two or more primary co-operatives. KUSCCO is a union of co-operatives and rarely play the advocacy role they claim they do. They though offer financial services to Saccos i.e. loans and insurance services. Technical services like consultancy, by-laws drafting, etc offered by KUSCCO are just too expensive for many Saccos. Its is therefore prudent to consult extension services of the Ministry of Industrialization and Enterprise Development, Co-operatives Department who will assist you.
Filed under: Ask the right person | Tagged: Advantage of Co-operatives, Business, Capital requirement, Chama, Co-operative Society Kenya, Co-operatives in Kenya, Cooperative, Credit union, Financial Services, Kenya, Kuscco, Ministry, Sacco, Saccos in Kenya |
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