SACCOs Outperform Banks on Asset Quality as Pressure Mounts for Lower Rates
Kenya’s Savings and Credit Cooperative Organisations (SACCOs) are increasingly outperforming commercial banks in key financial indicators, particularly asset quality, even as pressure mounts for them to lower lending rates. Recent data from the SACCO Societies Regulatory Authority (SASRA) shows that deposit-taking SACCOs have maintained a non-performing loan (NPL) ratio of below 8 percent, significantly lower…