Fifty-three percent of saccos exceeded the recommended maximum loan default rate of five percent in the year ended December 2024, with the value of bad debt surpassing Sh70 billion.
Sacco Societies Regulatory Authority (Sasra) data shows 167 out of the 355 deposit-taking (DT) and non-withdrawable deposit-taking (NWDT) saccos kept their non-performing loans (NPLs) ratio below five percent.
