Saccos demand uniform policy to stimulate sector’s growth

Chief Executive Officer Cooperative Alliance of Kenya David Marube addressing Sacco members during the celebration to mark Savings and Credit Societies day. [Omondi Onyango/Standard]

The Cooperatives Alliance of Kenya (CAK) wants both the national and county governments to establish a unified policy to stimulate the sector's growth.

Speaking in Mombasa ahead of this year’s International Cooperatives Day to be held on July 20, CAK Chief Executive Officer David Marube said a standardized national policy will spur growth across the 47 counties. This will also eliminate the mushrooming of "fake" saccos that have siphoned funds from unsuspecting members of the public.