×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Tea and coffee cash crunch hits Saccos

KTDA Managing Director Lerionka Tiampati said the decline in tea bonus has been attributed to global factors that have pushed down the price of tea. Photo: Courtesy

 

Saccos in the Mt. Kenya region are seeking strategies to avoid being left with huge unmanageable nonperforming loans following unexpected low payments of tea and coffee, which are the main source of income for a significant number of their members.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in