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Sacco loans exceed deposits by Sh92 billion on credit surge

The increasing demand for Sacco loans reflects the rising stature of Saccos in providing affordable credit to households and small businesses.

Photo credit: Shutterstock

By  Patrick Alushula

Business Reporter

Nation Media Group

Borrowings in deposit-taking (DT) saccos outpaced deposits by a record Sh92.2 billion in the year ended December 2024, reflecting the growing appetite for credit among members.

Latest Sacco Societies Regulatory Authority (Sasra) data shows gross loans rose 11 percent to Sh842.8 billion in the period when deposits grew by 10.7 percent to Sh750.6 billion.

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