I have just noticed that most matatus in Kenya are now part of some sacco....What is the logic behind this??? What impact will it have to the Co-op bank counter say in two years time??


"I'm a bear of little brains and long words bother me"

are you the only stranger in Kenya? it's the revamped michuki rules. getting cartels out of the routes and handing over control to owners. the saccos have power to decipline erant members, touts and drivers. most are opening accounts with

coop .......
Y

It is the law.
Saccos are supposed to open ac/s with Co-op.

@ Dod, Correction: Theres no law that asks saccos to operate accounts with Co-op bank, the sacco act says a sacco can operate an account with any licenced bank in the land..... Do your research before talking about laws, bure wewe, do you belong to any sacco? My Sacco has two accounts, one withh KCB and another with Co-op bank, all these by choice.

Most saccos prefer Co-p bank because they are like sisters/brothers because majority shareholding in Co-op bank (and CIC Insurance) happen to be the saccos

Common sense dictates that saccos will give the members better bargaining power since they are acting as a group and not individually, say for instance less harrassment from the police. As tmatekwa pointed out, will also act as a way of enforcing self regulation/discipline, like ensuring that fair fares are levied to the passenger. Saccos will also ensure that most vehicles(regardless of age) have equal competiveness for passangers through the queing system and similar body colour for all member vehicles.

That is a huge plus! I think the 'ownership' of these matatus will be more transparent. After all someone has to register them at the Sacco unlike in the past...