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

Machogu urges youth to join SACCOs for financial security and national growth

Sacco ReviewApril 7, 202603 mins

Former Education Cabinet Secretary Ezekiel Machogu has called on school leavers and university graduates to embrace Savings and Credit Cooperative Organisations (SACCOs) as a pathway to financial stability and empowerment. Speaking during a youth empowerment forum hosted by the Kisii Youth Bunge Sacco, Machogu said young people must harness their education, creativity, and talents to…

Kangundo women, youth asked to form groups to access Gov’t affordable loans

Sacco ReviewJanuary 28, 202603 mins

Kangundo Member of Parliament (MP) Fabian Kyule has asked women and youth in the region to form groups that will enable them to borrow loans from government. Kyule decried that the government has allocated funds to the Women Enterprise Fund, Uwezo Fund and many others targeting women and youth, however many are not using them…

SACCOs overtake banks in affordable loans amid overstretched liquidity

Sacco ReviewOctober 3, 202504 mins

Kenya’s deposit-taking Saccos have overtaken banks in the affordable loans issuance even though its resources remain overstretched. According to Sacco Societies Regulatory Authority, (SASRA), loans issued to members surpassed deposits by Ksh92.2 billion in 2024, the highest on record. The trend demonstrates the growing reliance on co-operatives for affordable borrowing in a climate of high…