Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
More Saccos are moving financial services onto digital platforms Mobile, USSD and digital lending services continue to expand Sacco agency networks also record growth as access widens Saccos are now taking financial services to the internet as the sector expands its digital platforms and reduces reliance on traditional branches. The 2025 Sacco Supervision Annual Report…
Tower Sacco marks 50 years with a new digital lending service Members can now access loans through digital channels Sacco targets Ksh80 billion in assets by 2030 Tower Sacco has marked its 50th anniversary by launching digital loans as it sets its sights on growing its asset base to Ksh80 billion by 2030. The Nyandarua-based…
Parliament is pushing for stronger safeguards as Kenyans increasingly rely on credit to meet essential needs Interest rates, hidden charges and aggressive debt collection practices are facing greater scrutiny Proposed reforms seek to balance wider credit access with stronger accountability and borrower protection Parliament has intensified its focus on Kenya’s lending sector amid growing concerns…
CBK urges Kenyans to report illegal mobile loan apps. 25 new lenders licensed, raising the total to 252. Licensed lenders issued Ksh 150.56 billion in loans by May 2026. The Central Bank of Kenya (CBK) has urged Kenyans to report illegal mobile lending applications, as part of an intensified crackdown on unlicensed digital lenders accused…
Kenyan farmers are increasingly ditching banks and SACCOs in favour of borrowing from family, friends and digital lending platforms, even as conventional borrowing costs fall. The latest Agriculture Sector Survey by the Central Bank of Kenya (CBK) shows a clear pivot toward informal and tech‑enabled credit, underscoring changing preferences and risk dynamics in agricultural financing….
