Kenya’s SACCO sector has surpassed KSh 1 trillion in combined assets by the end of 2024, demonstrating significant growth. However, this success is tempered by a rise in non-performing loans and governance concerns highlighted by issues at the Kenya Union of Savings and Credit Cooperatives (Kusco).

• Total SACCO assets reached KSh 1.08 trillion in December 2024, tripling since 2016.
• Non-performing loans (NPLs) in SACCOs increased to 6.3% of gross loans.
• The Central Bank of Kenya (CBK) reported that regulated SACCOs were unable to access deposits from Kusco's Central Finance Facility due to panic withdrawals between October 2023 and January 2024.
• The CBK emphasizes the need for stronger oversight, with the upcoming Sacco Central aiming to provide liquidity and shared technology for stability.