Dormant saccos disappear with Kuscco’s Sh1.3bn

Kenya Union of Savings and Credit Co-operatives (Kuscco) Managing Director Arnold Munene.

Photo credit: Billy Ogada | Nation Media Group

The Kenya Union of Savings and Credit Co-operatives (Kuscco) has turned to the State for assistance in tracing 150 Saccos that borrowed Sh1.33 billion in loans before going dormant or closing shop.

The umbrella organisation for Saccos has written to the Commissioner for Co-operative Development, David Obonyo, to assist in finding the saccos with an aim of recovering the cash.

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