Category: Saccos
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Saccos outpace banks in loan disbursements for eight months
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Savings and Credit Cooperatives (SACOs) issued more loans than commercial banks in the first eight months of this year, reflecting the choice of customers who were put off by the high interest rates charged by commercial banks. New data from the Central Bank of Kenya (CBK) shows that credit disbursed…
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Saccos outpace banks in loan disbursements for eight months
•
Savings and Credit Cooperatives (SACOs) issued more loans than commercial banks in the first eight months of this year, reflecting the choice of customers who were put off by the high interest rates charged by commercial banks. New data from the Central Bank of Kenya (CBK) shows that credit disbursed…