Donor funding cuts tied to US President Donald Trump’s policies threaten the stability of at least 16 saccos holding Sh37.41 billion in deposits, as member exits, higher loan defaults and reduced savings loom.
The Sacco Societies Regulatory Authority (Sasra) projects that two deposit-taking saccos and 14 non-withdrawable deposit-taking saccos will be directly affected by the disruption of activities of local firms that have for years depended on donor programmes such as the US Agency for International Development (USAid).
