Kenyan SACCOs are grappling with a surge in unremitted funds from employers, reaching KSh 3.49 billion in 2024, an increase from KSh 2.59 billion in 2023.

• These unremitted deductions, affecting 85 institutions and over 55,600 members, primarily impact loan repayments (74.5%), causing liquidity issues and technical defaults for members.
• The Sacco Societies Regulatory Authority (SASRA) identified county governments and assemblies as the biggest defaulters, owing KSh 1.61 billion (46% of the total).
• Despite the unremitted funds, the sector's total assets surpassed KSh 1 trillion by December 2024, with growth in gross income and core capital, and an increasing shift towards digital service delivery.