Mwalimu Sacco raises write-off of bad loans to Sh960m as profit grows

Mwalimu Sacco Chief Executive Kenneth Odhiambo during a media briefing at Mwalimu Towers on March 7, 2022.

Photo credit: File | Nation Media Group

Mwalimu National Sacco ramped up its write-off of bad loans for two consecutive years, pointing to growing stress on its loan book even as the teachers’ society posted a sharp rise in earnings in the year ended December 2025.

The sacco reported a net impairment charge on financial assets of Sh960.2 million in 2025, a 5.3 percent increase from Sh911.4 million in the prior year.

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