Sacco loans Stories

Thousands at risk of loan defaults as employers fail to remit Sh4.2 billion to Saccos
Maureen Kinyanjui  |  Sep 27, 2025

Deposit-taking Saccos, which dominate the industry with over 80 per cent of assets, loans, and deposits, showed improved financial strength.

CS Oparanya calls for mergers to stabilise small SACCOs, strengthen sector
Maureen Kinyanjui  |  Sep 26, 2025

Currently, Sasra only oversees Saccos with deposits of Sh100 million or more, leaving many smaller co-operatives under the Commissioner of Co-operativ...

Saccos outpace banks with affordable loans, but face liquidity challenges - Sasra
Maureen Kinyanjui  |  Sep 16, 2025

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...

Oparanya faults counties for SACCO liquidity crisis, says non-remittance crippling operations
Lucy Mumbi  |  Aug 06, 2025

CS Wycliffe Oparanya said county administrations have withheld millions of shillings deducted from Sacco members, especially medical staff, plunging s...

New Bill proposes deposit guarantee, liquidity regulation in SACCOs
Maureen Kinyanjui  |  Jul 25, 2025

The proposed changes, introduced through the Sacco Societies (Amendment) Bill, 2025 by Majority Leader Kimani Ichung’wah, aim to offer financial prote...

Tax relief boost as KRA slashes fringe benefits rate for workers
Maureen Kinyanjui  |  Jul 11, 2025

Fringe benefits tax applies to employees, directors, or their relatives who receive welfare perks such as low-interest loans from their employers. The...

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