Sacco loans Stories

The FRC tracks suspicious financial activities through reports filed by banks, mobile money providers, forex bureaus, and SACCOs. SASRA supervises SAC...

National Assembly’s Public Petitions Committee, chaired by Muchangi Karemba, questioned David Sandagi on SASRA’s role in supervising the Sacco since i...

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

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

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...

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

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

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