Co-ope News

Saccos in dilemma over ‘outsiders’

Rebranding and opening of common bond has left out Saccos grappling with a myriad of challenges. The increasing rate of loan defaults after entry of new faces, not known by the rest of the group, have pushed some Saccos to unfamiliar territory that have left some with lingering questions… Read this and many more stories in Sacco Review V 55, ...

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Saccos hold Sh 420 billion in deposits

By Jackson Okoth Savings and Credit Co-operative Societies, which include deposit-taking as well as those engaged in back office operations, have mobilized savings to the tune of more than Sh 420 billion, estimated at 35 per cent of overall national savings. This volume of savings is expected to double in the next few years arising from registration of Saccos for ...

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