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In the recent past, Saccos have risen from being rural-based financial institutions to organizations with loan books translating into billions of shillings. Saccos have played an important role in uplifting lives in the community through financial inclusion. Their existence cannot be pointed to development, but they exist as a result of robust economic growth opportunities like an informed youth population and flexible laws, easing the admission of members to societies.
The Sacco system is believed to grow faster in the next 5-10 years. The vision 2030 blue print in Kenya recognizes Sacco societies as important players in deepening financial access to mobilize savings for investments in enterprises and personal development.
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