In Summary
• The progress attained by these governance organs in moving Saccos from the perception that Sacco are “quasi- corporates” run in a village-like mentality to what we have now is to be celebrated.
• The sector is also a source of employment with 500,000 people directly employed. This contributes to over 5 per cent of Kenya’s Gross Domestic Product.
The country's development through socio-economic gains driven by duly registered Saving and Credit Cooperatives (Saccos) must be acknowledged.
Deposit and non-taking Saccos are unique ...