CO-OPERATIVE SOCIETIES

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About Course

By the end of this course, the learner should be able to;

  1. Understand co-operative societies
  2. Know the compliance issues of co-operative societies
  3. Know the duties of management in co-operative society
  4. To understand how investments are done by Sacco

Course Content

UNDERSTANDING OF CO-OPERATIVE SOCIETIES
Understanding of a co-operative society • What is a co-operative society  Types of primary co-operative  What are the objectives of a co-operative society • Justification for support to the co-operative sector • Structure of co-operative movement in Kenya • Registration of co-operative societies Co-operative legislation in Kenya • The co-operative societies act  The Sacco society act,2008  The co-operative societies rule  The registered by laws of co-operative societies Compliance issues as per the act and rules • Relevant policies for co-operative societies Co-operative corporate governance • What is co-operative corporate governance • Why good corporate governance • Authority and duties of members as stakeholder • The board of directors Rights and obligation of a member • Rights of a member • Members obligations\duties

  • Understanding of co-operative society
  • QUIZ

COMPLIANCE ISSUES
a) Duties of the management and supervisory committees • The management committee b) Meetings in co-operative societies • General meetings • Committee meetings • Essential elements of an effective and valid meeting c) Effective credit management and loan utilization • Effective credit management in Sacco societies • Effective credit utilization in Sacco societies d) Loan policy • Emergency and school fees loans • Security for loans • Procedure for recovery of defaulted loans • Withdrawal from membership • Amendment

DUTIES OF MANAGEMENT
a) Duties of the management and supervisory committees • The management committee b) Meetings in co-operative societies • General meetings • Committee meetings • Essential elements of an effective and valid meeting c) Effective credit management and loan utilization • Effective credit management in Sacco societies • Effective credit utilization in Sacco societies d) Loan policy • Emergency and school fees loans • Security for loans • Procedure for recovery of defaulted loans • Withdrawal from membership • Amendment

INVESTMENT BY SACCO SOCIETIES
a) Investment by Sacco societies  Budget and budgetary control  The cash budget  Budgetary control • Basic record keeping and report writing b) Annexes • By-laws

REFERENCE MATERIAL

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