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The Authority was established as a body corporate in 2010, pursuant to the provisions of the Sacco Societies Act with the primary purpose of streamlining the regulation of SACCOs and Co-operatives in the country under the supervision of the Commissioner of Co-operative Development, an office under the Ministry of Agriculture, Livestock, Fisheries and Co-operatives.
A chama is an informal cooperative society that is normally used to pool and invest savings by people in East Africa, and particularly Kenya. [1] The chama phenomenon is also referred to as "micro-savings groups". "Chama" (also spelled kyama or Kiama in certain ethnic groups such as the Gikuyu) is the Kiswahili word for "group" or "body".
The bank was established in 1966, initially as a cooperative society. The banking license was granted in 1968. The Kenya Government directed all cooperative societies in the country to transfer their deposits to the Co-operative Bank of Kenya and that all cooperatives buy the bank's shares. In 1977, the bank opened its first subsidiary ...
The society was established in 1974, with the objective of mobilizing savings from its members and providing loans to members, using those resources. [ 7 ] [ 8 ] In 2013, Joshua Ojall, the society CEO at the time, announced plans to build up to 100 housing units in the outskirts of Nairobi , the capital and largest city in Kenya and East Africa .
The Irish Nonprofits Database was created by Irish Nonprofits Knowledge Exchange (INKEx) to act as a repository for regulatory and voluntarily disclosed information about Irish public-benefit nonprofits. The database lists more than 10,000 nonprofit organizations in Ireland. In 2012 INKEx ceased to operate due to lack of funding. [31]
Cooperative Societies only became legal in Britain after the passing of Slaney's Act in 1852. In 1865 there were 651 registered societies with a total membership of well over 200,000. In 1865 there were 651 registered societies with a total membership of well over 200,000.
Imarisha Sacco is a small financial services provider in Kenya. As of December 2013, it was the ninth-largest Cooperative Savings and Credit Society in Kenya, with total assets of approximately US$142 million (KSh20 billion). At that time, its membership numbered in excess of 190,000, with shareholders' equity of about US$37 million (KSh3.2 ...
Unaitas Sacco is a medium-tier financial services provider in Kenya. As of December 2015 [update] , the society's asset base was valued at KSh9.3 billion (US$93.2 million), and a loan book of approximately KSh7.42 billion (approx. US$74.35 million). [ 1 ]