MPs and former lawmakers top the list of Saccos loan defaults that crossed the Sh60 billion mark as one of Kenya’s wealthiest cooperative society struggles under the weight of unpaid loans.
Data from Sacco Societies Regulatory Authority (Sasra)—the industry regulator—shows that Parliamentarians Sacco had a default ratio of 29.73 percent of its loan book or Sh939.2 million in the year to December.
