affordable credit - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Oparanya urges small traders to join Saccos for affordable credit

Sacco ReviewSeptember 2, 202606 mins

Oparanya urges small traders to join Saccos for affordable loans. CS warns against risks of informal savings groups and lenders. Traders are also encouraged to embrace digital financial services. Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs), Wycliffe Oparanya, has urged small business owners to join Savings and Credit Cooperative Organisations (Saccos)…

Kenyan CEOs seek reforms to cut business costs

Sacco ReviewAugust 21, 202608 mins

Kenyan CEOs want the government to cut business costs, make credit cheaper and clear pending bills owed to firms. High operating expenses, weak purchasing power and policy uncertainty remain major concerns for businesses. Despite the challenges, firms see technology adoption, stronger demand and market expansion as key growth opportunities. Kenya’s private-sector leaders have intensified calls…

Kirinyaga disburses KSh20 Million credit boost to 20 ward-based SACCOs

Sacco ReviewJuly 7, 2026July 7, 202603 mins

The Kirinyaga County Government has disbursed KSh 20 million to 20 ward-based Savings and Credit Cooperative Societies (SACCOs), in a move aimed at opening up affordable credit access for more than 9,300 farmers across the county. According to Kirinyaga County governor, Anne Waiguru, each of the county’s 20 wards received KSh 1 million under the…

Ruto: Affordable credit remains biggest obstacle for MSMEs

Sacco ReviewJune 28, 202604 mins

President William Ruto has urged a fresh approach to financing micro, small and medium enterprises (MSMEs), stressing that lack of affordable credit continues to be the greatest challenge facing the sector. Speaking during the 2026 World MSME Day celebrations at the Kenyatta International Convention Centre (KICC), Ruto acknowledged government efforts to support entrepreneurs but insisted…

Governor Otuoma pledges overhaul of Busia cooperatives to restore confidence and growth

Sacco ReviewJune 21, 202605 mins

Busia Governor Dr. Paul Otuoma has vowed to revitalize the county’s struggling cooperative movement, pledging reforms aimed at restoring confidence, strengthening governance, and unlocking the sector’s potential as a driver of economic empowerment. The governor’s commitment comes at a time when many cooperative societies in Busia are facing mounting challenges, including weak leadership, financial constraints,…

Ruto launches Shirikiana Sacco, hails cooperative model as key to economic transformation

Sacco ReviewJune 13, 202604 mins

President William Ruto has launched Shirikiana Sacco, a new cooperative financial institution designed to expand access to savings, affordable credit and investment opportunities, in what he termed a landmark initiative set to transform livelihoods across Western Kenya and beyond. The launch, held at Masinde Muliro University of Science and Technology in Kakamega County, brought together…

Hustler Fund faces KSh5 billion liquidity crunch as thousands of borrowers are locked out

Sacco ReviewMay 22, 202603 mins

Hustler Fund is grappling with a severe liquidity crisis that has left thousands of borrowers unable to access credit, raising fresh questions about the sustainability of the government’s financial inclusion programme. Appearing before the Parliamentary Committee on Trade, Industry and Investment, officials from the State Department for MSMEs disclosed that the fund requires an immediate…

Government moves to cushion small traders and MSMEs from rising business costs

Sacco ReviewMay 18, 202603 mins

The government has unveiled a series of interventions aimed at easing the financial strain on small‑scale traders and Micro, Small and Medium Enterprises (MSMEs) struggling with the rising cost of doing business. Appearing before the Senate Plenary, Cabinet Secretary for Co‑operatives and MSME Development Wycliffe Oparanya outlined ongoing programmes designed to provide affordable financing, expand…

Mwalimu National Sacco signs MoU with KNCCI to extend affordable credit to SMEs, informal sector

Sacco ReviewMay 14, 2026May 14, 202606 mins

Mwalimu National Deposit Taking Savings and Credit Co-operative Organisation (DT Sacco) has signed a Memorandum of Understanding (MOU) with the Kenya National Chamber of Commerce and Industry (KNCCI) to bring affordable credit to small traders and entrepreneurs long trapped in a cycle of expensive digital loans and shylocks. a move that signals a significant shift…

When SACCOs lose their soul: Mismanagement, family control, no dividends, and the illusion of opulence

Sacco ReviewApril 28, 2026010 mins

SACCOs (Savings and Credit Cooperative Organisations) are founded on a simple promise—members pool savings, trust leadership, and share in financial growth through affordable credit and annual dividends. In their ideal form, SACCOs represent discipline, transparency, and collective progress. But when governance weakens, and accountability fades, that promise can slowly transform into mismanagement, inequality, and eventually…