Kenyan Saccos are significantly expanding their presence in the digital credit market, launching nearly 100 new products between 2023 and 2024 as they compete for customers.

• The number of Deposit Taking Saccos (DT-Saccos) offering digital credit grew to six in 2024, up from just two in 2023.
• Most of these new digital loan products are designed for amounts of Sh50,000 and below.
• These initiatives highlight a proactive strategy by Saccos to adapt and capture a larger share of the evolving digital lending landscape.