• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Women top sacco membership

samrack by samrack
December 12, 2019
in Diaspora, Kenya, Kenya Diaspora News, News, U.S Diaspora
A A
0
Women top sacco membership
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn
A Unaitas official speaks to a visitor at the sacco’s stand during investment expo in Nairobi. FILE PHOTO | NATION MEDIA GROUP

Women top sacco membership

More women workers are joining savings and credit societies at a much younger age than their male counterparts, a just released report by the Sacco Societies Regulatory Authority (Sasra) shows.

The membership of the Saccos stood at 4.9 million members including members of chamas last year.

The Sacco subsector Demographic Study Report 2019 found that within the 36- to 50-year cohort, the female gender represents 31.45 percent (514,679) of total sacco membership compared to males at 28.74 percent (833,421).

The same happens at the 25 to 35 years where the female gender is at 25.45 percent (416,489) slightly higher than the concentration of male members which stood at 22.94 percent (665,229).

“Female membership among those aged below 50 years accounted for 61.45 percent (1,005,629) of the total female membership while the concentration of male membership among those aged below 50 years was just about 60.74 percent (1,761,378) of the total male membership,” it says.

Sasra’s report also demystified the myth that Saccos were largely old people’s stable with the youth aged between 18 years to 35 years making up 30.86 percent or 1,475,482 members.

The study that looked at 174 licensed deposit-taking Saccos (DT-Saccos) in Kenya as at December 2018 also revealed an emerging culture where parents enrolled 192,274 children aged below 18 years—where 108,641 ‘savers’ were boys, 78,103 (girls)—while the gender of 5,530 underage savers was not disclosed.

DT-saccos largely drew membership from farming, teachers, government, community and the private sector.

“50 farmer-based DT-Saccos accounted for 47.81 percent of individual DT-Sacco members, 43-teachers sacco (16.32 percent), 35 were from government-aligned saccos (16.62 percent while the 25 private sector DT-Saccos took up 9.86 percent,” it said. Sasra urged DT-Saccos to formulate financial products that attract young savers as well as to retain savers aged above 65 years.

 

 

Tags: Women top sacco membership
Previous Post

Affordable Housing Program Attracts 17,000 Kenyans so Far

Next Post

I invested back in Kenya while in the diaspora, I came back home to find this!

Related Posts

DP Ruto picks Rigathi Gachagua as his running mate
Kenya

DP Ruto picks Rigathi Gachagua as his running mate

May 15, 2022
Muteshi Land Grabbing Case Haunts Ruto
Business

Muteshi Land Grabbing Case Haunts Ruto

May 13, 2022
Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance
Diaspora

Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance

May 13, 2022
Five Reasons Why Real Estate Increases in Value
Business

Five Reasons Why Real Estate Increases in Value

May 13, 2022
Kenya:9,484 children were defiled last year— Health ministry
Health

Kenya:9,484 children were defiled last year— Health ministry

May 13, 2022
Standoff at JKIA After Family Refuses to Pick Body of Kin Who Died in Saudi Arabia
Diaspora

Standoff at JKIA After Family Refuses to Pick Body of Kin Who Died in Saudi Arabia

May 12, 2022
Next Post
I invested back in Kenya while in the diaspora, I came back home to find this!

I invested back in Kenya while in the diaspora, I came back home to find this!

Please login to join discussion
Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply.
ADVERTISEMENT
ADVERTISEMENT

Latest News

DP Ruto picks Rigathi Gachagua as his running mate

Muteshi Land Grabbing Case Haunts Ruto

Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance

Five Reasons Why Real Estate Increases in Value

Kenya:9,484 children were defiled last year— Health ministry

Standoff at JKIA After Family Refuses to Pick Body of Kin Who Died in Saudi Arabia

Kenyan Nurse Wins Sh29 Million Global Nursing Award in Dubai

Russia Questions US-Funded Biolab in Kenya

GOVERNOR MUTUA’S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!

Canada Issues Travel Advisory to Its Citizens in Kenya

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

GOVERNOR MUTUA’S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!

GOVERNOR MUTUA’S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!

by samrack
May 11, 2022
0

GOVERNOR MUTUA'S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!   Governor Alfred Mutua’s...

You are free to use Nairobi expressway from next Saturday – Uhuru

You are free to use Nairobi expressway from next Saturday – Uhuru

by samrack
May 8, 2022
0

You are free to use Nairobi expressway from next Saturday - Uhuru Other than the ban on photography, skaters, pedestrians,...

  • About Us
  • Archives
  • SWG Registration

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 0.898 seconds. Stats plugin by www.blog.ca