Mhasibu Sacco Mhasibu Sacco, a financial entity whose membership is strictly those in the accounting profession, seems to be struggling.Information reaching cnyakundi...
Tag - SACCO
Late last month, cnyakundi.com reported that Mwalimu National Sacco was having cash flow problems. “Currently, members can’t withdraw their money, that is...
A year ago, on July 13th 2020, we highlighted the case of then unknown Kenya Qatar Diaspora Sacco (KQDS). Cnyakundi.com revealed how its chairman, a man of God...
After 9th December 2018, the management of Unaitas Sacco (formerly Muramati) changed following media reports that the Sacco had been hacked and millions carted away by...
The senior editor of this site has received a complaint from an anonymous member of Shoppers Sacco that is allegedly being defrauded by its CEO and Chairman. “Hi...
Clients of Urithi Sacco have written to the government asking for help in what they see as another case of a collapsing outfit that’ll wipe out their savings. The...
Information sent to the chief editor of this site shows that the Kenya Tea Development Authority (KTDA) owned Chai Sacco is facing financial difficulties. A client who...
The new Commissioner of Cooperatives is Didacus Ityeng, at least in an acting capacity. Didacus takes over from rogue Commissioner of Cooperatives Ms. Mary Mungai who...
Three weeks ago we highlighted the story of a man who had puled out of The National Hospital Insurance Fund (NHIF) Savings And Credit Co-Operative (Sacco) but hadn’t...
Media reports says that the Sacco sector in Kenya worth over Kshs. 1 Trillion has been invaded by cartels who have colluded with the board, management and authorities to...
Over the past few weeks, this site has taken upon itself to expose the rot in the Sacco sector in Kenya. Last week we highlighted the story of a retired member who has...
After our expose on how the rogue Urithi Housing Sacco grabs land and sells to unsuspecting buyers who then are left without requisite document to prove that they own...
On Thursday, an article written by Delfhin Mugo and published by the Nation Media Group was massively shared online. The article, title ‘Cooperatives still the...
SASRA: Sacco Societies Regulatory Authority (SASRA). SASRA is mandated to regulate and supervise Sacco societies. But they have failed in this mandate and have joined...
The Sacco sector is facing an acid test that might have negative repercussions on the financial industry and the economy at large. Customer trust has been eroded. Over...
Following our appeal for information on the Sacco Societies Regulatory Authority (SASRA) management, we’ve received the first batch of information. We asked if anyone...
Dear Kenyans, We’ve seen the country go to the dogs. Every facet of our lives has been affected. Even more shockingly, the social protection sector and the...
The National Hospital Insurance Fund (NHIF) Savings And Credit Co-Operative (Sacco), is accused of non payment of shares of a retired member. The refund is often...
Even as the Ethics and Anti-Corruption Commission (EACC) is set to begin lifestyle audits of top managers of Saccos, it has emerged that the collapsing Kerich0-based...
Long queues of Kenyans scammed by Ekeza Sacco have formed at the entrance of the Directorate Of Criminal Investigations (DCI). Last week, the DCI through a letter called...
Following our expose’ yesterday on Urithi Housing Cooperative Society, the society has responded, through their twitter handle. CNYAKUNDI.COM had exposed how the...
