
SACCOs







The SACCO Societies Regulatory Authority (SASRA) released the 2023 annual supervision report for Saccos in Kenya includinig SACCO's whose licenses were revoked.

The Sacco Society Regulatory Authority (SASRA) Report showed that the number of Sacco loans to Kenyans increased by 11.5% in 2023 compared to 2022.

Co-operatives and MSME Development Cabinet Secretary (CS) Wycliffe Oparanya recommended Money Market Fund to SACCOs for higher returns of members' deposits.

Kenyan lady working and earning KSh 131,000 per month asked for financial advice to save, after sharing his expenses, which eats up the whole salary.

Over 100,000 members of Metropolitan National Sacco have lost KSh 15 billion between 2021 and 2023 due to gross mismanagement and a corruption syndicate.

Personal finance expert at Customized Insurance Agency advised Kenyan investors to assess the risk profile of any investment vehicle before taking it.

The Sacco Society Regulatory Authority (SASRA) reported that cooperatives' loans to Kenyans grew by 11.76% in 2022 to reach over KSh 680.35 billion.

Financial expert at Abojani Investments Benjamin Cheruiyot advised unmarried men who earns KSh 45,000 per months to budget their savings and investment for wealth.

Cooperative and MSME Development Cabinet Secretary (CS) Simon Chelugui said the Sacco movement in Kenya has been transforming many lives financially.
SACCOs
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