Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Ports Sacco financing has supported the upgrade of Isegeretoto Hospital in Teso North, Busia County, improving access to healthcare services. The project highlights how affordable Sacco credit can support community infrastructure and long term social development. Ports Sacco said its loans and development financing enable members to invest in projects that deliver lasting economic and…
IG Sacco assets rose 12% to Ksh16.4 billion, earning it three national Ushirika Day Awards. Loans grew 14.8% to Ksh14.1 billion, while membership increased to 29,430. The Sacco maintained zero external borrowing and a 3.1% non-performing loan ratio. Invest and Grow (IG) Sacco Society Limited’s total assets have grown to Ksh16.404 billion, up from Ksh14.644…
MPs have backed a proposal to extend the in duplum rule to Saccos, digital lenders and microfinance institutions, though Parliament has not yet passed the change. The proposal would cap interest on defaulted loans at the outstanding principal, protecting borrowers from excessive charges. If approved by Parliament, the amendment would extend protections currently available only…
Pamoja Canada Diaspora Sacco launched Sharia compliant Emergency, Education and Asset Finance loans for Kenyans in Canada. The products aim to give Muslim members faith compliant access to savings, investment and financing while promoting financial inclusion. Kenya’s Acting High Commissioner to Canada welcomed the initiative, saying it will strengthen savings, wealth creation and diaspora investment….
Fahari Loan limit rises to Ksh 8 million. Normal and Super Loan limits have been increased. Members can now use land and buildings as loan security. Kenversity Co-operative Savings and Credit Society has revised its Fahari, Normal, and Super Loan terms, raising limits and repayment periods. The changes were approved by the society’s Board of…
Saccos disbursed Ksh33.7 billion for land and housing, an 18% increase from Q1 2025. Total Sacco lending rose to Ksh115.7 billion, with education and agriculture among the top sectors financed. Sacco assets grew to Ksh1.21 trillion, while member deposits reached Ksh870 billion in Q1 2026 A large portion of credit disbursed by Savings and Credit…
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…
Listen up, SACCO members: If you’re about to slap your signature on a loan guarantee form for a colleague or another member, pausing. Take a deep breath. Then shred that thing unless you’ve done your homework. In the cutthroat world of cooperative lending, guaranteeing a loan isn’t some noble act of camaraderie—it’s a financial landmine…
Kenya’s deposit-taking Saccos have overtaken banks in the affordable loans issuance even though its resources remain overstretched. According to Sacco Societies Regulatory Authority, (SASRA), loans issued to members surpassed deposits by Ksh92.2 billion in 2024, the highest on record. The trend demonstrates the growing reliance on co-operatives for affordable borrowing in a climate of high…
The government has announced its intention to lock out Kenyans who have failed to repay Hustler Fund loans from accessing credit from banks, SACCOs, and other financial institutions. This was announced by the Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya in Mombasa during the Kenya Public-Private Sector MSMEs Dialogue, which brought together more than…
