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Originally published by The Standard BusinessApril 21, 2026
5h ago
New branches, AI adoption as Mhasibu targets 100,000 membership
The government has cited dividend payment as the biggest challenge threatening the stability of Saccos even as it insists that it has no interest in controlling the management of the entities. ..
✨ Key Highlights
Mhasibu Sacco aims to significantly grow its membership to 100,000 and its asset base to over Sh30 billion by 2030 through strategic expansion and technological adoption.
- A key challenge for Saccos, as identified by the Commissioner for Co-operatives, is the practice of using debt to pay dividends, which risks financial collapse.
- Mhasibu Sacco, led by Chair Hillary Atito and CEO Eunice Kanyi, plans to achieve its goals by opening new branches in Nyeri, Nakuru, and Thika, and by implementing artificial intelligence (AI) in its operations.
- The government is considering a deposit guarantee fund (DGF) to protect members' deposits in case of Sacco failures.
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