×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Saccos grapple with loan requests after rate cap

[Photo: Courtesy]

Saccos are struggling to meet the demand for loan requests in the wake of the interest rate cap on bank loans. 

Metropolitan National Sacco Chief Executive Francis Ng’ang’a said many banks had opted to lend to the Government through Treasury bonds and bills which are deemed secure, making many borrowers to turn to Saccos.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in