loan defaults - Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

Saccos in Mt Kenya teach members good money habits

Sacco Review2 weeks ago06 mins

The managements of various Saccos in Mt Kenya region have intensified campaigns to educate their members on skills for prudent management of borrowed funds in a bid to tame increasing cases of default in loan payments. Most Sacco are still grappling with recovery of funds held in defaults by borrowers mainly attributed to prevailing economic…

Nairobi

Sh9.9bn loan defaults strain Saccos

Sacco Review5 years ago03 mins

By Munene Maina Delay in remittance of loan repayment deductions by the National and County governments is causing headache for Sacco bosses. This has seen the growth rate of non-performing loans (NPLs) for most Saccos derailing growth in their businesses. New Sacco Societies Regulatory Authority (SASRA) survey also indicated some governmental institutions particularly public universities,…