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

Land, housing top Sacco lending in first half of 2026

Sacco ReviewSeptember 9, 202603 mins

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…

NewFortis Sacco sets delegates election dates, outlines requirements

Sacco ReviewSeptember 7, 202603 mins

NewFortis Sacco sets delegate elections for September 19 to 26 Candidates must meet savings, shares and membership requirements Nomination forms must be returned by September 14 NewFortis Savings and Credit Co-operative Society Limited will hold delegates elections in all electoral zones between September 19 and 26, 2026, starting at 10.00 a.m. In a notice dated…

Where did KUSCCO’s Sh17bn go? Saccos face gap

Sacco ReviewSeptember 1, 2026September 5, 202603 mins

Saccos face potential losses as KUSCCO’s liabilities far exceed recoverable assets. Millions held by individual Saccos could be at risk as liquidation begins. The recovery process will determine how much money creditors get back. Savings and Credit Co-operative Society (SACCO) members could feel the financial fallout from KUSCCO’s collapse after the organisation was placed under…

IG SACCO to close branches early on Saturday for system maintenance

Sacco ReviewAugust 27, 202602 mins

IG SACCO will close its branches early on Saturday for scheduled system maintenance. Branches will close at 11am, while the Head Office will remain open until 12.30pm. Members can continue accessing services through the SACCO’s digital channels during the maintenance period. IG SACCO will temporarily scale down its physical branch operations on Saturday, August 29,…

Teacher Saccos must prioritise members’ mental health

Sacco ReviewAugust 26, 2026010 mins

Financial pressure is taking a toll on teachers’ wellbeing Teacher Saccos urged to offer counselling and wellness support Responsible lending could help members avoid debt distress Kenya’s teachers are facing an increasingly difficult economic reality. With the ever-increasing cost of living, many teachers are struggling to make ends meet. The result is not only financial…

Amref Sacco to host member financial planning session

Sacco ReviewAugust 25, 202602 mins

Amref Sacco is set to host a virtual financial planning session for members. The session will offer practical tips on managing money and making informed financial decisions. Members can join the Zoom session on August 27 from 7:30pm to 9pm. Amref Sacco is set to hold a virtual financial planning session for members as it…

Metropolitan Sacco faces collapse after fresh insolvency inquiry

Sacco ReviewAugust 21, 202603 mins

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…

Why Sacco dividends fell in 2026 despite sector growth

Sacco ReviewAugust 14, 202605 mins

Sacco dividends fell or were scrapped in 2026 as Saccos retained more earnings to strengthen capital and liquidity. SASRA rules, KUSCCO losses and provisions for non performing loans reduced funds available for dividend payouts. Despite lower dividends, the sector grew strongly, with total Sacco assets rising 12.4 per cent to Ksh1.21 trillion. Kenyan Sacco members…

Delegate system sparks Sacco voting rights concerns

Sacco ReviewAugust 11, 202605 mins

Sacco members have raised concerns that the proposed delegate system could weaken their direct voting rights. Nation DT Sacco will vote on the system at a Special General Meeting on August 15 in Nairobi. The system requires Saccos with more than 5,000 members to use 150 to 500 elected delegates at general meetings. Sacco members…

Why many Saccos have cut, skipped dividend payouts

Sacco ReviewJuly 20, 202606 mins

247 Saccos cut or skipped dividends after regulators directed them to retain earnings and strengthen capital reserves. The move aims to improve liquidity, protect members’ savings and support affordable lending despite strong sector growth. Regulated Saccos grew assets to Ksh727.1 billion, while the wider sector’s assets surpassed Ksh1.2 trillion in 2025. Kenya’s Savings and Credit…