Koilege SACCO

25/02/2025

COUNTY GOVERNMENT OF BUSIA LAUNCHES TRAINING INITIATIVE FOR SACCO MANAGERS .

The County Government of Busia has launched a major initiative to streamline the disbursement of agricultural funds by training SACCO managers in proper financial management and accountability. The initiative aims to ensure that government resources allocated to farmers are effectively utilized to promote economic growth.

Read more: https://buff.ly/3D2XB4k

10/01/2025

KISUMU RECRUITS 111 EXTENSION STAFF TO ENHANCE SERVICE DELIVERY.

The Kisumu County government recruited 111 highly experienced extension staff during the year under review, Governor Anyang’ Nyong’o has said. This, he noted, improved service delivery by reducing the staff-to-farmer ratio from 1:10,000 to 1:3,000 on average.

Read more: https://buff.ly/3PuD5vT

30/12/2024

🚀 ANNOUNCING THE 2025 52-WEEK SAVINGS CHALLENGE!🚀

New Year, new goals! Many of us start January with big savings plans, but staying disciplined all year? That’s the real challenge.

💡 At Koilege Sacco, we’ve got you covered With our , we’ve consistently surpassed our savings targets for 4 years in a row—and 2025 will be no different!

Here’s why you’ll want to join:
✅ Save consistently all year with our proven 52-Week Savings Challenge.
✅ Be part of an inspiring WhatsApp community that motivates you every step of the way.
✅ Learn financial tips and explore opportunities to grow your wealth.
✅ Achieve big goals together—our small group saved over Ksh 5 million in 2024

📅 How does it work?
- Save what you can every week—consistency is the key!
- Want a challenge? Follow the plan: Start with Ksh 50 in Week 1, Ksh 100 in Week 2, and so on. By December, you’ll have saved Ksh 68,900

👣 How to join:
1️⃣ Register with Koilege Sacco (Ksh 500 registration fee).
2️⃣ Join our WhatsApp group for exclusive tips and support.
3️⃣ Set your goals and take the first step toward achieving them.
4️⃣ Engage with the community to stay motivated all year!

🌐 Sign up now here👉: https://forms.gle/pbipkjAAyAYqKz1h7

📲 You can also Call/SMS/WhatsApp us at +254 791 221 316 for more info!

Let’s make 2025 your best savings year yet. 💪

25/12/2024

Makofi Kila Mtu! 🎉

This Christmas, let’s all take a moment to chest-thump with pride! 💪 Whether it’s through saving, borrowing responsibly, or even sending a simple text in this group, we’ve created something BIG together.

From hitting our Ksh 5 million target to growing into a thriving community, every single effort counts. YOU made this possible! 🙌

As we celebrate the festive season, let’s look forward to even greater milestones in 2025. Cheers to teamwork, consistency, and the ! 🥂

Merry Christmas and a Prosperous New Year! 🎄✨

21/07/2024

JOIN OUR 52 WEEKS SAVINGS CHALLENGE. We are now at week 29
As an adult, you have a lot of bills to pay; rent, electricity, water, shopping, and clothing. Double that if you are married. Triple that if you already have kids.
Meeting our day-to-day bills can be tricky, and we are often left with an empty pocket, making saving extremely difficult. You might even remain with something to save but without discipline, you end up spending unnecessarily.
How do you balance all these and still have enough money to save? Try the Koilege 52-week saving challenge.

How do you balance paying competing bills and still have enough money to save? Try the 52-week saving challenge and watch your money grow.

17/07/2024

Don't say you're gonna save Ksh 50,000 by the end of the year starting today:
Instead, Say you're gonna Save
-Ksh 9,091 a month
-Ksh 2,174 a week
-Ksh 294 a day
Save small daily, weekly, or monthly💪

15/07/2024

The math behind saving $50,000 a year:

-4,167 a month
-962 a week
-137 a day
Mind you, none of this is easy,
but it's easier than saving $50,000 all at once. 💪

08/07/2024

EMBRACING THE SPIRIT OF UBUNTU
If you grew up in a rural area, or at least you used to visit your grandparents, then you probably encountered this statement at one point or another, “Hebu kimbia kwa mama Mark umwambia akupee kaunga kidogo” (run to Mark's mother and ask her to help you with a little flour). If you are like me, you probably didn't enjoy being sent for such an errand. Yet our parents never saw anything wrong with it. This is why you would see little Mike sent to your home the next day to borrow salt and no eyebrows would be raised. In such a close-knit community, borrowing these essentials was not just a common occurrence, but it was something to be expected. In fact, if Mama Mark stopped sending her children to borrow one thing or the other, your mom would probably wonder what is wrong and would even visit them to make sure that all is well between the two families. This is the power of Ubuntu and group economics. As human beings, we are so interconnected that we cannot survive without the help and support of those close to us.

Modern life has made it difficult for us to embrace such unity. I mean, how do you approach your neighbor to borrow salt when you have probably never laid eyes on them before? However, this spirit of Ubuntu still exists in our communities. It may exist in different forms than it did in the past but trust you me, it is still there. One of the major manifestations of Ubuntu is through Saccos and I am here to show you how you can still experience this kind of community with Koilege. Just as our ancestors borrowed everyday items from each other, members of our community can turn to Koilege for any financial shortfalls they might experience. We are your beloved neighbor. Borrowing from us is not only common but expected.

02/07/2024

Before taking a loan, it is important to understand if it is a good debt or a bad debt. This video clearly explains the difference

26/06/2024

SOME LESSONS ON FINANCES: 🚢 ⚓️

1. Must have EMERGENCY FUND - enough for 6 months of expenses/current lifestyle.

2. SAVE MONEY and MONEY WILL SAVE YOU. Don’t save what is left after spending. Only spend what is left after saving.

3. Best to have ZERO DEBT, if you can’t pay cash, you CAN’T AFFORD it, nothing beats PEACE OF MIND.

4. Avoid unnecessary spendings, forget sale price, everything is 100% off when you don’t buy it. Don’t waste your money on things that you don’t need, even if they are cheap. EVERY PESO COUNTS!

5. Learn to BUDGET - it is telling your money where to go instead of wondering where it went!

6. If we buy things that we don’t need, we will have to SELL THINGS THAT WE NEED.

7. PRETENDING TO BE RICH can make us poor. Must learn to live BELOW MEANS. Don’t go broke trying to look rich. ACT YOUR WAGE.

8. MONEY IS NOT EVERYTHING, but we cannot deny the fact that we NEED money for our FAMILY.

9. Always have a BACK-UP PLAN for life's uncertainties. Start having your personal LIFE INSURANCE with INVESTMENT.

10. Let's break the TOXIC FAMILY CULTURE about FINANCES. Your children is not your retirement fund, and your parents is not your emergency fund.