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

Gov’t to lock out Hustler Fund loan defaulters from bank, SACCO loans

Sacco ReviewSeptember 11, 2025September 11, 202503 mins

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…

Saccos vs money market funds: Which gives the best return?

Sacco ReviewApril 17, 2024April 17, 202406 mins

Money Market Funds (MMFs) and Savings and Credit Cooperative Organizations (SACCOs) are both money-saving instruments that have gained popularity in the country. And they both promise one thing — to make your money work for you. The two work in different ways therefore understanding their unique features before making a choice is vital. What are…

Saccos shift to issuing loans against personal security

Sacco ReviewDecember 5, 2022December 5, 202207 mins

By Azael Masese Savings and Credit Cooperative Societies (Saccos) are increasingly following in the footsteps of commercial banks by using personal security such as title deeds and log books instead of guarantors when issuing loans. An analysis by Sacco Review indicates that the number of Saccos giving members the option is on the rise and…

Varsity staff unable to access Sacco loans due to non-remittance by employer

Sacco ReviewNovember 28, 2022November 28, 202202 mins

By Robert Nyagah Members of various university-based Saccos are cash strapped and unable to borrow from their Saccos as their employer failed to remit their deductions that have accumulated to a whopping Ksh4.2 billion. The managements of several of the Saccos have been struggling to give their members loans, given that they have no cash…