SACCOs Grow Amid Loan Defaults

According to reports released on September 9, 2025, Kenya recorded strong growth in Savings and Credit Cooperative Organizations (SACCOs). Their total assets reached KSh 1 trillion in 2024. Member deposits also increased, showing higher savings activity. However, the sector faces challenges from rising loan defaults. Additionally, more members are being listed with credit reference bureaus. Industry experts emphasize the need for stronger risk management as SACCOs expand their role in Kenya’s financial sector.