Saccos defy tough times, pay high dividends
The Sacco Societies Regulatory Authority licensed 175 Saccos to undertake deposit-taking business in Kenya in 2023.
Source: the-star.co.ke
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The Sacco Societies Regulatory Authority licensed 175 Saccos to undertake deposit-taking business in Kenya in 2023.
Move to reduce reliance of external borrowing.
The Cooperative movement in Kenya has over 14 million members
Harambee Sacco Society Limited is fighting for survival following a rapid membership loss that has left it on the brink of collapse.
The revenue was a Sh1 billion growth from Sh3.2 billion. The society was also able to recruit 4,398 new members over the period.