Kenyans cashed out Sh30.8 billion of their money from savings and credit cooperative societies (Saccos) last year as economic hardships pushed them to the edge.
Sacco Societies Regulatory Authority (Sasra) latest disclosures show that the withdrawable deposits (also known as Fosa savings), which are usually held by Saccos as demand deposits, dropped by 26.9 percent to Sh83.78 billion from Sh114.59 billion.
