Patrick Njenga - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Tower SACCO’s golden jubilee crowns five decades of explosive growth

Sacco ReviewJuly 15, 202608 mins

Tower SACCO marks 50 years with assets growing to Ksh34.56 billion and membership surpassing 247,800. Sacco paid Ksh2.88 billion to members after posting Ksh1.29 billion surplus before tax. Expansion drive sees 31 branches, new digital services and plans to grow assets to Ksh80 billion by 2030. Tower SACCO Society Limited arrived at this year’s Ushirika…

How adjustments in Central Bank Rate (CBR) affect SACCOs’ lending business

Sacco ReviewAugust 6, 2025010 mins

An adjustment to the Central Bank of Kenya benchmark rate also known as the Central Bank Rate (CBR), a tool that provides a signal to guide how commercial banks charge customers for loans, has a significant effect on the way SACCOs do their lending business. “If commercial banks lower their lending rates below those offered…