- Imarika DT Sacco says it fully provided for its KUSCCO exposure by 2025
- The Sacco says its capital and liquidity position enabled it to maintain member payouts
- Imarika has tightened investment and risk controls following the KUSCCO crisis
Imarika DT Sacco says it fully provided for its Kenya Union of Savings and Credit Cooperatives (KUSCCO) exposure, assuring members their savings are safe.
The Sacco issued the assurance in a statement dated September 24, 2026. It was addressed to members, stakeholders and the public. The statement follows the liquidation of KUSCCO, which has rattled savings and credit cooperative societies (Saccos) across the country.
Imarika said its Board of Directors and management assessed the Sacco’s exposure to KUSCCO as soon as the crisis emerged. They then started providing for the deposits in the books of accounts in 2024. By 2025, the provision was complete.
Imarika credits that early move to prudent financial practices. It says it built enough capital over the years to absorb shocks of this kind. As a result, it still paid a 15% dividend on share capital for 2025. It also paid 10.25% interest on long-term deposits for the same year. According to the Sacco, the payouts came despite the provisions and show its stability.
Imarika also pointed to how its balance sheet is structured. Because its core business is savings and credit, 82% of its assets sit in loans and advances. Those loans are with members. In addition, 98% of its financial and liquid assets are held in regulated financial institutions.
For the Sacco, those figures underline the safety of members’ funds. It says operations continue normally. It also says it remains committed to meeting its obligations to members. To that end, it says it maintains prudent liquidity and risk management practices under guidance from its regulator.
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Imarika says the KUSCCO crisis shows why strong corporate governance matters. Robust risk management frameworks and continuous oversight are equally important, it adds. In response, the Sacco has strengthened its review of investment policies, third party exposures and risk management controls.
Imarika described the developments at KUSCCO as regrettable. Even so, it says it remains confident in its own resilience and in the wider Sacco movement. Saccos, it noted, play a vital role in financial inclusion, savings mobilisation, credit access and economic empowerment for millions of Kenyans.
The Sacco urged members to rely on official communication from it and the relevant authorities. It also warned against speculation and misinformation that could cause unnecessary anxiety. Members with questions can reach Imarika through its official channels. The Board and management thanked members for their trust and patience.
By Benedict Aoya
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