• 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

Diaspora:How KEMEN  President, Anthony Kamnao “Cheated Death” after a gruesome accident
Diaspora

Diaspora:How KEMEN President, Anthony Kamnao “Cheated Death” after a gruesome accident

February 3, 2023
Death Announcement Of Eric Gakure of Worcester MA
Diaspora

Death Announcement Of Eric Gakure of Worcester MA

January 31, 2023
Ruto didn’t win August 2022 election, should resign – Raila
Kenya

Ruto didn’t win August 2022 election, should resign – Raila

January 28, 2023
Peter Francis Muhia Ndungu Of Brockton Massachusetts
Diaspora

Death Announcement of Peter Francis Muhia Ndungu Of Brockton Massachusetts

January 28, 2023
Diaspora

Canadian Embassy Wades into Kenyan-Canadian Nurse Lucy Njeri’s Alleged Murder Plot

January 26, 2023
US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya
Business

US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya

January 26, 2023
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
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

Diaspora:How KEMEN President, Anthony Kamnao “Cheated Death” after a gruesome accident

Death Announcement Of Eric Gakure of Worcester MA

Ruto didn’t win August 2022 election, should resign – Raila

Death Announcement of Peter Francis Muhia Ndungu Of Brockton Massachusetts

Canadian Embassy Wades into Kenyan-Canadian Nurse Lucy Njeri’s Alleged Murder Plot

US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya

Mizizi Africa Homes diversifies into land selling with ‘Buy, We Build’ Concept

Equity Bank’s Wings to Fly Scholarship selection process commences

Transition/Death Announcement of Christine Ntagengwa of Attleboro,Massachusetts

Women of Hope: Valentines Dinner: $70 P/Person 11 Feb 2023 Guest Speaker:Rev.Dr.G.G Gitahi Time 7PM EST

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

Ruto didn’t win August 2022 election, should resign – Raila

Ruto didn’t win August 2022 election, should resign – Raila

by samrack
January 28, 2023
0

Ruto didn't win August 2022 election, should resign - Raila According to Raila, Ruto did not win the August 9...

NEW SCARY DEVELOPMENTS IN KENYA

NEW SCARY DEVELOPMENTS IN KENYA

by samrack
January 21, 2023
0

NEW SCARY DEVELOPMENTS IN KENYA Will Martha Karua's case at the East African Court of Appeal, the new Ruto's revelation...

  • About Us
  • Archives
  • SWG Registration

© 2023 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

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.180 seconds. Stats plugin by www.blog.ca