Stima Sacco CEO Dr. Gamaliel Hassan speaking during an interview on a local radio station. Photo: Courtesy
Saccos clarify Ksh1.2 trillion assets are largely tied up in member loans
Ksh950 billion of Sacco assets already lent to members Saccos say Ksh1.2 trillion assets are not idle cash Sector clarifies loans account for nearly 80 per cent of Sacco assets Kenya’s Sacco sector has clarified that its Ksh1.2 trillion asset base does not represent cash held in bank accounts, noting that nearly 80 per cent…
