Why industry affiliated Saccos fail to stand after companies go under

Mumias Sugar Company. [Mumo Munuve, Standard]

As the prevailing market conditions sucked the sweetness out of the cane, so was life in Saccos affiliated to Mumias Sugar Company in Kakamega County, leaving members with the bitter taste of bagasse in their mouths.

By 2019, Sukari Sacco Society Ltd was one of the three whose licenses were not renewed by Sacco Society Regulatory Authority (Sasra). Consequently, the public was made aware not to transact any deposit taking business with them.