IG SACCO cracks down on loan defaulters as members seek relief

Kakamega based Invest & Grow (IG) Sacco’s intensified loan recovery measures are starting to bite, with some members feeling the heat as the cooperative pushes for timely repayments.

In a statement released recently, the Sacco said its proactive loan processing and recovery strategy is yielding results, signaling a tougher stance on members who default.

The move is part of IG Sacco’s broader effort to enforce financial discipline and strengthen the cooperative’s financial stability.

Some affected members, particularly those who lost jobs, are appealing for alternative repayment plans or loan restructuring.

They argue that their inability to meet repayment schedules is due to circumstances beyond their control and are urging the Sacco to consider more flexible options.

IG Sacco responded, assuring members that it does take individual hardships into account.

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The cooperative said restructuring or alternative repayment arrangements are possible where members provide sufficient proof of financial difficulties along with realistic repayment proposals.

“The Sacco is committed to ensuring repayment discipline while also supporting members facing genuine financial challenges,” the statement said.

The crackdown reflects a broader trend among Kenyan SACCOs to enforce repayment obligations more strictly while still offering a path for members who face unforeseen hardships.

By balancing accountability with flexibility, IG Sacco aims to maintain trust, protect its financial health, and ensure long-term sustainability.

Members struggling to repay are being urged to engage the Sacco early, submit necessary documentation, and propose viable repayment solutions.

IG Sacco says it will continue monitoring the situation closely, ensuring that those who demonstrate genuine effort are given fair consideration, while those who default without justification face the consequences.

According to sacco, timely repayment is non-negotiable, but the Sacco remains open to working with members who show commitment and transparency in addressing their financial challenges.

By Godfrey Wamalwa

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