×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

Borrowers starved of credit as economy slows down

The most affordable place for a Kenyan to take a loan has always been from Savings and Credit Cooperatives (Saccos). The loan is non-collateralised with low interest rates.

It has also been the easiest loans to get. However, one thing that has made it the most difficult is getting colleagues to sign off as guarantors in these times of mass job losses, so you don’t drop the ball on them.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
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