Page 29 - SACCOStar Mag Vol 46 Press_txt.pdf
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SACCO INDUSTRY WATCH
WHAT DO KENYANS USE
SACCO LOANS FOR?
6$65$l6gUVW6HFWRUDO6$&&2UHSRUWUHYHDOV6$&&2VERUURZLQJWUHQGV
?E?A?E<AwA?
From left: John Munuve, Chairman, SASRA presents copies of the SACCO Sectoral
Financing report to Susan Mochache, Former Principal Secretary, State Department of
Co-operatives, Ministry of Industry, Trade and Co-operatives
Majority of Kenyans in Savings and Credit 3GD ?MCHMFR DL@M@SD EQNL @ RSTCX SG@S R@LOKDC
Cooperatives (SACCOs), borrow to purchase SACCOs seeking to understand borrowing trends in Kenya.
K@MC@MC?M@MBDGNTRHMFOQNIDBSR
The research shows Kshs 118 billion, accounting for 36
ODQBDMSNE@KK2 "".KN@MRV@RANQQNVDCSN?M@MBDGNTRHMF
3GHR HR @BBNQCHMF SN ?MCHMFR EQNL SGD ?QRS OQNIDBSR
'DQDHMNE?M@MBHMFV@RCHQDBSDCSNGNTRHMF
lending study by the SACCOs Regulatory Authority (SASRA), at Kshs. 63.6 Billion with construction of buildings standing
commissioned in 2016 which revealed that, from the over @S*RGR
!HKKHNMVGHKDQDMNU@SHNMRNEATHKCHMFRRSNNC@S
Kshs 300 billion borrowed that year, Kshs 118 billion was *RGR
AHKKHNM
/TQBG@RHMF NE K@MC QDBDHUDC NE SGD
used to purchase land and construct housing projects. ?M@MBHMF RS@MCHMF @S *RG AHKKHNM
(S DMS@HKDC OTQBG@RD
NE OKNSR @S *RGR
AHKKHNM @MC RTQUDXHMF @MC U@KT@SHNM
amounting to Kshs 423 million.
27| SACCO Star Magazine
