Kuscco to recover 70pc of Sh8.8bn invested by Saccos

Kuscco acting managing director Arnold Munene says about Sh136 million has so far been refunded to small Saccos.

Photo credit: Billy Ogada | Nation Media Group

Kenya Union of Savings & Credit Co-operatives Ltd (Kuscco) targets to recover at least 70 percent of the Sh8.8 billion principal amount that Saccos had invested in the umbrella body within the next three years.

The recovery, which amounts to about Sh6.2 billion, is the target set for the new nine-member board that is expected to take over from the interim team that replaced the officials who were in place when Kuscco suffered a Sh13.1 billion heist.

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