×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Regulation: Saccos fall afoul of capital regulation

NAIROBI, KENYA: Several savings and credit co-operative organisations risk being stopped from lending, paying dividends, or investing due to low levels of capital.

Less than half of Kenya’s 175 deposit-taking saccos would meet the minimum threshold of capital if all their customers claimed their contributions, according to a report released yesterday by the industry regulator.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902