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Originally published by The Standard Business
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September 30, 2025
4h ago

Why saccos now want to bypass employers in Sh3.4 billion non-remittance crisis

Why saccos now want to bypass employers in Sh3.4 billion non-remittance crisis

In most organisations, employees form Saccos with the help of the employer as a savings platform...

✨ Key Highlights

Saccos in Kenya are seeking to bypass employers for member deductions, driven by a Sh3.4 billion non-remittance crisis. They plan to acquire front office services (Fosa) licenses for direct collection of contributions and loan repayments.

  • The current non-remittance totals Sh3.4 billion according to the latest industry report.
  • Saccos aim to acquire front office services (Fosa) licenses.
  • This move would allow them to deduct members' contributions and loan repayments directly, rather than relying on employers.

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