20/11/2025
Cooperatives have been asked to expand credit provision to members and fast-track strategies to enhance capital retention to enable them be productive. Director-In-Charge of the Cooperative Banking Division at the Cooperative Bank of Kenya, Vincent Marangu said the loan provision to members in the Sacco subsector currently stands at between 10 per cent and 11 per cent, but the financial institutions have the capability of increasing it to more than 15 percent annually.
Cooperatives have been asked to expand credit provision to members and fast-track strategies to enhance capital retention to enable them be productive. Director-In-Charge of the Cooperative Banking Division at the Cooperative Bank of Kenya, Vincent