Savings and Credit Cooperative Societies (Saccos) share of non-performing loans (NPLs) has hit levels last seen nearly a decade ago on Covid-19 economic hardships facing members.
Latest Central Bank of Kenya report that sheds light on the health of financial sector shows that non-performing loans (NPLs) ratio for deposit-taking (DT) Saccos jumped from last year’s 6.15 percent to 9.12 percent in June 2020—the highest since 2012 when it was at 9.6 percent.
