Sacco big borrowers using influence to seek unsecured loans, says Oparanya
The Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya and Saccos Societies Regulatory Authority, SASRA have raised concern over growing exploitation of Kenya’s sacco sector by influential individuals securing massive unsecured loans by bypassing lending thresholds. CS Wycliffe Oparanya warned that prominent figures are infiltrating saccos with minimal savings yet leveraging their status to pressure officials … Continue reading Sacco big borrowers using influence to seek unsecured loans, says Oparanya