Cooperative University Students' SACCO

Cooperative University Students' SACCO In today we live tomorrow. This page was created to promote, develop and enhance a savings culture among the studdents and youths in general.

It is also a platform to enlighten, critique and enhance the role of students in economic revolution and change. The students have to grasp the pre-requisites for better cooperative economics. This is a unique cooperative movement which proves that a student can form, run and operate a cooperative society. It is the best way to put to practice the theory taught in class and also promote leadership with poverty eradication being a point of main concern.

08/02/2016

LAUNCH OF AGRIBUSINESS, INTERNSHIPS AND FINANCIAL LITERACY PRODUCTS
The students SACCO, the Cooperative University College, Institute of Cooperative Development (ICD) and the Agri and cooperative Training and Consultancy ltd (ATC) invite all to a sensitization meeting on 17th February 2016 at 2pm at the coop University College Nordic Hall. The aim is to sensitize and inform the students, youths and employees about the above named products. The agribusiness product shall be for issuing loans to students, staff and youths to carry out agriculture projects. The internship shall be for students who will be moving to various schools across the country to teach and enhance the practice of agriculture. Financial literacy shall involve trainings and seminars for the students especially members of the Sacco on various topics on finance, investments and management. This is in fulfillment of the MOU we signed with the world council of Credit Unions (WOCCU). All are welcome..

22/01/2016

WEALTH INEQUALITY ON THE RISE-coops can challenge and give a solution to this
Cooperatives are a form of communal, joint and democratic ownership of a business whose equity is an asset that can contribute to an individual member’s wealth portfolio. Members of cooperatives put equity into a cooperative enterprise. A successful enterprise gives a return on that investment. In the case of cooperatives the return is sometimes annual dividends or patronage refunds (often distributed upon exit from membership); and sometimes the return is only in the form of job security and living wages and benefits, or reduced costs of products and services. Individual cooperatives often decide democratically how much of the surplus should be allocated to members and how much unallocated or retained in the business. Because of the democratic nature of cooperatives, distribution occurs in an equitable fashion, which places the wealth generated from the business into the hands of the owner-members (and sometimes other stakeholders). This means that cooperatives as a business are a democratic mechanism for wealth creation. We are concerned here with how to identify that wealth, and also with how to measure and account for the assets and wealth that are not allocated to individual members but accumulate to the collective, and spill over into the community.http://bit.ly/1TcwBig

16/12/2015

VACANCY
DATE: 16TH DECEMBER, 2015
The students SACCO is planning to employ a staff to fill the following position for effective and efficient running of the SACCO business.
Position : MANAGER
QUALIFICATIONS
Must have at least a diploma in cooperative management or trained in the field of cooperatives
Must be 18 years and above
Must have an experience of at least three months in the field of cooperatives

All interested applicants are asked to submit their curriculum vitae online via email at [email protected] by latest 10th January, 2016 at 0000 HRS

BY THE MANAGEMENT BOARD.

03/12/2015

M-ASCA MOBILE MONEY PLATFORM LAUNCHING PLAY
The Cooperative University Students' SACCO, now The National Students' SACCO, is privileged to plan and organize for a skit/drama/play for the launching of the M-ASCA, i.e, Mobile Accumulating Savings and Credit Association a.k.a. "chama kwa simu" launching which shall take place on 10th December 2015, at the Multimedia University of Kenya and shall be graced by the Cabinet Secretary, Ministry of Information, communications and Technology, Dr. Fred Okeng, who took over from Dr. Fred Matiang'i. M-ASCA is an exclusive mobile phone based indiscriminate Accumulating Savings and Credit Association, (ASCA) that aims at bringing community members together in order to improve their livelihoods. Registered under the Ministry of Gender, Children and Social Development as a Community Based Organization (CBO) the association targets every adult Kenyan irrespective of their background (youths, women, small scale business people, the unemployed, private institutions etc) who may not hold any collateral but are interested in saving in order to access capital for investment, business start ups, old age savings or any other viable need. Participants shall be remunerated with allowances as shall be directed to them by the management board of directors of the students' SACCO. All those talented and interested to contact any of the following: +254 729 073 436 0r +254 702 668 124 or send email to [email protected]. Indeed in today we live tomorrow, mitigating the cost of doing nothing the cooperative way.

WOCCU, CUCK, ATC AND THE STUDENTS' SACCO TO ENTER INTO AN MOU ON 2ND DECEMBER 2015 The students' SACCO has brought in th...
30/11/2015

WOCCU, CUCK, ATC AND THE STUDENTS' SACCO TO ENTER INTO AN MOU ON 2ND DECEMBER 2015
The students' SACCO has brought in the World Council of Credit Unions (WOCCU) to enter into and sign an MOU on 2/12/2015 for the WOCCU-CDP FUTURE FARMER SCHOOLS PROGRAM, which will be beneficial on two fronts; incorporating and attracting youth across the nation(Kenya) to agriculture and educating youth on financial literacy. The Co-operative University College of Kenya will work with WOCCU-CDP and be connected directly through Cooperative University Students SACCO. This collaboration between WOCCU-CDP and CUCK is designed to engage youth in agribusiness and teach them on financial literacy. This MOU is also meant to give the students SACCO the capacity to meet and achieve its objectives. It will also be beneficial to farmers across the country and students will be directly involved in through internships to carry out this program. This is just a start for the many activities and development programs the SACCO has laid on ground for the students and youths of Kenya. In today, we live tomorrow, mitigating the cost of doing nothing the cooperative way.

30/11/2015

RESOLUTIONS OF THE ANNUAL GENERAL MEETING HELD ON 25TH NOVEMBER 2015 AT CUCK IN THE NORDIC HALL
The 2nd AGM was very successful and the following are the resolutions passed in the AGM:
Change of name from Cooperative University Students SACCO (CUSSA) to National students" SACCO (NASSA) so as to incorporate all students in Kenya
Inclusion of the allumni as members of the SACCO.
Addition of First Community Bank and Jamii Bora Bank as principal bankers.
The following is the leadership of NASSA after the elections
THE MANAGEMENT BOARD COMMITTEE
1. Mr. Victor Wambutsi Omutsotso - Chairman
2. Ms Purity Cheruiyot - Vice chairperson
3. Ms Purity Kula - Honorary Secretary
4. Mr. Wabwile Mmoja - Treasurer
5. Mr. Kimani Githui - Director

SUPERVISORY COMMITTEE
1. Ms. Effy Mwiruri- chairperson
2. Mr.David Kimani -Member
3. Harrison Ngigi - Member
The government auditors from the Ministry of Industrialization and Enterprise Development recommended the SACCO and acknowledged that being the first year, it had performed very well and had a true and fair view audit opinion.
The meeting ended very well with lots of refreshment and entertainment.

POPE FRANCIS ON COOPERATIVESPope Francis is a great fanatic of the cooperative movement and as he comes to Africa, may h...
24/11/2015

POPE FRANCIS ON COOPERATIVES
Pope Francis is a great fanatic of the cooperative movement and as he comes to Africa, may he set the cooperative movement flame on the burn. While in Italy, this is what the pope addressed the large crowd; First, the Pope said, co-operatives must continue to be “the motor that uplifts and develops the weakest parts of our local communities and civil society.”The first priority is to establish new co-operatives, while developing existing ones, so as to create new employment opportunities, especially among youth, he said. Second, the Pope urged the co-op movement to be a “protagonist” in proposing new welfare solutions, particularly in the area of healthcare. As a third point, he spoke of the economy and its relationship with social justice and human dignity. Speaking of the need to “globalize solidarity,” he urged the confederation to bring co-operatives to the “existential peripheries” and to continue to be “prophetic” by “inventing new forms of co-operation.” The Pope spoke of “a certain liberalism,” which “believes it is first necessary to produce wealth—and it does not matter how—to then promote some state redistribution policy.” Others think it is up to a company to “bestow the crumbs of accumulated wealth” to those in need to then, in turn, “absolve themselves” of “their so-called ‘social responsibility “You run the risk of deluding yourself that you are doing good while, unfortunately, you continue only to do marketing,” without ever escaping the “fatal loop” of egoism, “which has the god of money at the centre,” he said. Instead, the co-operative creates a “new type of economy” that allows “people to grow in all their potential,” socially and professionally, as well as in responsibility, hope and co-operation, he said. The Pope clarified that while he was not saying income growth is not important, it certainly “is not enough.” Fourth, he said, the co-operative movement can exercise an important role in sustaining, facilitating and encouraging family life, by insisting on work-life balance, which would “help women to realize fully their own vocation and to put into practice their own talents.” In this way, he said, women are “free to be always greater protagonists, whether at work or in families.” Fifth, where few resources exist to start up new projects, the Pope urged the co-op movement to “invest well,” in particular by putting together “good resources to realize good works.” He urged more collaboration among credit unions and co-op businesses and the establishment of resources “for families to live with dignity and serenity.” He also warned against money becoming an idol, citing St Francis of Assisi in calling it “the devil’s dung.”“When money becomes an idol, it controls man’s choices,” he said. “It makes him a slave.” He exhorted the co-operative movement to join the global economy to promote both "an economy of honesty" and "a healing economy." He urged them to exercise “the courage and the imagination to build a just path, so as to integrate development, justice and peace in the world.”

23/11/2015

FINALLY HERE IT COMES, THE AGM
Due to a couple of events that took place last week marked by the graduation ceremony on 20th November and PLO Lumumba talk on 18th November 2015, we were forced to shift our AGM date to Wednesday 25th November, 2015 at 2:00pm in the Nordic Hall, cooperative University College of Kenya Main Campus, Karen Nairobi. All are highly welcome for this great moment in the current economic times. In today we live tomorrow.

10/11/2015

2ND ANNUAL GENERAL MEETING
The Management board of directors of the Cooperative University Students' SACCO Society ltd invites all members for the 2nd Annual General Meeting to be held on 19th November, 2015.
DATE:19/11/2015
TIME:2:00 PM-4:00 PM
VENUE: THE COOPERATIVE UNIVERSITY COLLEGE OF KENYA(NORDIC HALL)

"A short, fun animation promoting Credit Unions as a better place to keep your money.Re-invest in our local communities ...
09/11/2015

"A short, fun animation promoting Credit Unions as a better place to keep your money.

Re-invest in our local communities through the transfer of funds from banking institutions to credit unions.

Why are Credit Unions better?

They are better for you, for the country, and for your local community.

Banks are in business to make a profit. They charge you fees and loan out your money for their gain. Also many of today's national banks take the money from your local community and use it elsewhere. Which was one of the reasons we got into the financial crisis in the first place."

A short, fun animation promoting Credit Unions as a better place to keep your money. Re-invest in our local communities through the transfer of funds from ba...

COOPERATIVES ARE A GIANT FORCE FOR BOTH ECONOMIC AND SOCIAL DEVELOPMENT-from the intellects' point of view.In 2002, the ...
02/11/2015

COOPERATIVES ARE A GIANT FORCE FOR BOTH ECONOMIC AND SOCIAL DEVELOPMENT-from the intellects' point of view.
In 2002, the UN General Assembly recognized that cooperatives “are
becoming a major factor of economic and social development,” and
urged governments to promote their growth by utilizing and developing fully the potential and contribution of cooperatives for the attainment of social development goals, in particular the eradication of poverty, the generation of full and productive employment and the enhancement
of social integration; encouraging and facilitating the establishment and development of cooperatives, including taking measures aimed at enabling people living in poverty or belonging to vulnerable groups to engage on a voluntary basis in the creation and development of cooperatives; taking appropriate measures aimed at creating a supportive and enabling environment for the development of cooperatives by, inter alia, developing an effective partnership between
Governments and the cooperative movement.

Address

P. O. BOX 24814, Karen, Nairobi
Karen
00502

Telephone

+254729073436

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