KUSCCO losses - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Where did KUSCCO’s Sh17bn go? Saccos face gap

Sacco ReviewSeptember 1, 202603 mins

Saccos face potential losses as KUSCCO’s liabilities far exceed recoverable assets. Millions held by individual Saccos could be at risk as liquidation begins. The recovery process will determine how much money creditors get back. Savings and Credit Co-operative Society (SACCO) members could feel the financial fallout from KUSCCO’s collapse after the organisation was placed under…