Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Trade lending by Saccos rises to Ksh19.03 billion Wholesale and retail loans jump 33% to Ksh13.25 billion Hospitality lending falls as foreign trade credit grows Kenya’s small traders and wholesalers found more room to borrow from Saccos this year, with trade sector lending climbing sharply as wholesale and retail businesses pulled in the lion’s share…
Land and housing received the largest share of Sacco loans in H1 2026. Education and agriculture followed as major borrowing categories. Sacco credit continues to support members’ investment and household needs. A good number of Kenyans used loans from savings and credit cooperatives to buy land and secure home ownership during the first half of…
Sacco sector assets rise to Ksh1.25 trillion Deposits and loans continue to expand Stronger reserves boost the sector’s capital base Kenya’s regulated Saccos closed the second quarter of 2026 with total assets of Ksh1.25 trillion, a 12.64% rise from June 2025, according to the latest report by the SACCO Societies Regulatory Authority (SASRA). The growth,…
Metropolitan Sacco faces possible winding up after a fresh inquiry found continued financial distress. Authorities are weighing three options as members seek access to their savings. Nearly all of the Sacco’s loan book was reportedly in default, deepening concerns over its survival. The government is considering winding up Metropolitan Sacco after a fresh inquiry found…
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…
