Harambee Sacco takes extra Sh1.1bn loan

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Harambee Sacco CEO Dr George Ochiri during the Sacco's Annual General Meeting held at Hilton hotel on July 10, 2021. PHOTO | JEFF ANGOTE | NMG

Harambee Sacco borrowed Sh1.18 billion from the Co-operative Bank of Kenya in the year ended December amid a jump in the loans disbursed to members of the thrift institution.

The sacco’s latest annual report shows that the loan taken from the bank increased to Sh3.32 billion in the review period, up from Sh2.14 billion the year before.

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