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Saccos recover Sh455m from struggling firms
Delegates follow proceedings during the 6th Kenya Union of Savings and Credit Co-operatives (KUSCCO) Leaders Conference in Mombasa on February 24, 2021. PHOTO | KEVIN ODIT | NMG
Savings and Credit Cooperative Organisations (Saccos) recoveries from struggling firms slowed to Sh455 million in the year ended June 2022 as employers continued to battle liquidity crises.
The latest recoveries are a drop from Sh900 million that was received in the year ended June 2020 and the peak of Sh1.01 billion that was collected in the year ended June 2019.
