Push for low interest loans, CS tells saccos

Cooperatives Cabinet Secretary Simon Chelugui (second left) during the launch of Mwalimu National Sacco unveiling of its lowest mortgage facility that is aimed at bolstering affordable housing to its members. [Collins Kweyu, Standard]

Saccos have been urged to offer low-interest rates on loans to members instead of pushing for high dividends.

Cabinet Secretary, Ministry of Co-operatives and Micro, Small and Medium Enterprises Simon Chelugui, at the same time, said saccos could play role towards the government's affordable housing plan.