Saccos warned against ‘abnormal’ dividends in bid to retain members

Kenya Union of Savings and Credit Co-operatives managing director George Ototo. FILE PHOTO | SALATON NJAU | NMG

Savings and Credit Cooperative Societies (Saccos) have been cautioned against declaring abnormal dividends in a bid to retain membership. 

The Kenya Union of Savings and Credit Cooperatives (Kuscco) managing director George Ototo noted that it is unsustainable for the financial institutions to pay out huge returns to members while struggling to meet their overhead costs. 

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