KUSCCO: Co-operative policy & legislation

Co-operatives in finance are mainly referred to as Savings and Credit Co-operative Societies (SACCOs). Their key activity is mobilizing savings and providing credit to their members. The SACCO sector in Kenya is hailed as the largest in Africa and among the top 10 globally with mobilized domestic savings of KES 800 billion, accounting for 33 per cent of national savings. Kenya has more than 22,000 registered co-operatives and SACCOs with approximately 14 million members employing over 2 mil...