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

Sandagi highlights Saccos’ role in building credit market trust

Sacco ReviewSeptember 10, 202603 mins

Sandagi highlights Saccos’ role in building trust in Kenya’s credit market Peer guarantorship helps members access formal financial services Regulated Saccos now serve 7.87 million members with Ksh1.21 trillion in assets The Sacco Societies Regulatory Authority (SASRA) has highlighted the growing role of Savings and Credit Cooperative Societies (Saccos) in promoting financial inclusion and strengthening…

Saccos set to adopt full-file credit information sharing system

Sacco ReviewAugust 28, 202606 mins

Saccos are set to share both positive and negative credit data. New system could strengthen lending and curb multiple borrowing. Saccos face IT and data protection upgrades before rollout. Saccos are set to adopt a bank-like full-file credit information sharing system that will enable them to share both positive and negative credit information, in a…