Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Gov’t to lock out Hustler Fund loan defaulters from bank, SACCO loans

Sacco ReviewSeptember 11, 2025September 11, 202503 mins

The government has announced its intention to lock out Kenyans who have failed to repay Hustler Fund loans from accessing credit from banks, SACCOs, and other financial institutions. This was announced by the Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya in Mombasa during the Kenya Public-Private Sector MSMEs Dialogue, which brought together more than…

Government bans SACCOS from non-core investments amid financial crisis

Sacco ReviewAugust 7, 202507 mins

The government has barred all Savings and Credit Cooperative Societies (SACCOs) in Kenya from investing in non-core business activities until proper regulations and supervisory frameworks are in place. This decision comes amid rising concerns over financial mismanagement and instability within the SACCO sector, which has seen some cooperatives plunge into financial turmoil due to unregulated…