Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
According to data from the Sacco Societies Regulatory Authority (SASRA), the SACCO industry closed 2024 with gross loans valued at KSh 845.11 billion, marking an 11.41 per cent increase from KSh 758.57 billion a year earlier. Despite the rapid credit expansion, the sector’s non‑performing loan (NPL) ratio remained steady at 8.39 per cent, according to…
By Jackson Okoth Government-based Deposit Taking-Saccos control majority of both total assets and total deposits in the Sacco sub sector. These financial co-operatives, which derive the bulk of their membership from Ministries, State agencies, Corporations and County Governments, controlled 37.67 per cent of the industry’s entire balance sheet of Sh 495.25 billion as at the…
