Sacco loans Stories
The Central Bank of Kenya raised the base lending rate to 13 per cent in February 2024 and maintained it until August, driving some commercial lenders...
CBK statistics show that default rates drop as the size of the loan increases, with loans between Sh1,000 and Sh5,000 showing a 69.4 per cent non-perf...
Wycliffe Oparanya said that Kenyans who have failed to repay Hustler Fund loans will be barred from accessing credit from banks, SACCOs, and other fi...
CBK, in its defence, insisted it has no role in the establishment or management of the fund, distancing itself from allegations touching on financing...
The CS said the initiative was intended to provide affordable loans to the informal sector, which he described as “the backbone of Kenya’s economy.”
The Central Bank of Kenya (CBK) reports that the 14 licensed microfinance institutions (MFBs) are finding it difficult to grow their lending portfolio...
HELB confirmed that first-time applicants now have until September 14 to apply. Continuing students, meanwhile, have until September 7, extended from...
The report highlights that in low-income countries the situation is even worse, with eight out of ten people lacking all three essentials: clean air,...
Among the worst financial mistakes highlighted was a disputed maize procurement contract that ended in arbitration, resulting in huge losses, with sev...
Fertiliser distribution to local stores was launched last year, but the board has yet to receive payment for the services rendered.
The Kenya Bankers Association (KBA) linked the latest decline to challenging economic conditions and an unstable macroeconomic environment.
The survey, covering March to May 2025, found that 11 per cent of farmers who borrowed from the Hustler Fund and 13 per cent who relied on microfinanc...
Prime Cabinet Secretary Musalia Mudavadi signed the deal on behalf of Kenya, while Mr Atsuo Kuroda, Chairman and CEO of Nippon Export and Investment I...
This comes even as most students reported that they have not received Helb funds released by the Ministry of Education on Tuesday, leaving many strugg...
First-year students who reported to campuses on Monday, August 18, 2025, expressed confusion after many were unsure how much to pay following the gove...
Some students reported being asked to make upfront payments of up to Sh50,000 before admission, even as many await disbursement of loans from the High...
Semester fees for students will now range from a minimum contribution of Sh5,814 to a maximum of Sh75,000, depending on the student’s level of need an...
Applicants need an admission letter from a recognised Kenyan university or training institution. They must submit certified copies of their three late...
In the period under review, gross loans issued by banks decreased by 2.7 per cent to Sh4.07 trillion from Sh4.18 trillion in 2023.
Tala’s report reveals that 26 per cent of all borrowers accessed digital credit for the first time, with women making up most of this group.
Private hospitals are increasingly rejecting SHA coverage for civil servants and demanding cash payments, a repeat of the NHIF era when delayed paymen...
CS Wycliffe Oparanya said county administrations have withheld millions of shillings deducted from Sacco members, especially medical staff, plunging s...
President William Ruto criticised those questioning the fund’s impact, accusing them of misrepresenting facts and failing to understand the economic c...
The waiver applies only to those who pay their full arrears at once through the HELB portal, mobile app, or USSD code *642#.
Auditor General Nancy Gathungu, in her audit report for the financial year ending June 2024, disclosed that the authority, tasked with overseeing the...
Education Cabinet Secretary Julius Migos Ogamba said the move is aimed at ensuring that all eligible students receive financial support and that no on...
The proposed changes, introduced through the Sacco Societies (Amendment) Bill, 2025 by Majority Leader Kimani Ichung’wah, aim to offer financial prote...
The loan, part of the World Bank’s Development Policy Operations (DPO) facility, was expected this month but now hangs in the balance over unmet refor...
In 2024, 32 per cent of Kenyan adults borrowed from mobile money providers, the highest share in the region.
According to the World Bank, the funds will go through existing government systems, particularly the National Safety Net Program, to provide structure...
