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

Meru clergy launch new Sacco for small-scale traders

Sacco ReviewAugust 6, 202607 mins

Meru clergy launched Maendeleo Ya Jamii Sacco to support small traders, farmers and low income earners with affordable loans and savings. Members pay Ksh500 to register, buy shares from Ksh1,000 and can access loans from Ksh2,000. Leaders urged residents to save, invest and join the Sacco to grow their businesses. Residents of Ruiri-Rwarera ward in…

Arati urges Kisii traders to join Saccos for soft loans

Sacco ReviewAugust 4, 202607 mins

Kisii Governor Simba Arati has urged traders to join Saccos to access affordable loans, government funds and business support. Arati said Saccos promote saving, financial discipline and easier access to programmes such as the Hustler Fund and NYOTA. The county also plans a youth savings fund to help talented young people grow their skills into…

PS Kilemi urges Saccos to prioritize affordable loans over dividend payouts

Sacco ReviewJune 5, 2026June 5, 202604 mins

Principal Secretary for Co‑operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Patrick Kilemi, has called on Savings and Credit Cooperative Societies (Saccos) to strengthen their institutional capital and shift focus from competing through high dividend declarations to offering affordable loans that directly benefit members. Speaking during an interview on a local station on Thursday,…

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…