DT-saccos shrug off Covid to post 12 per cent growth

John Mwaka

Sacco Societies Regulatory Authority CEO John Mwaka during the sixth Kenya Union of Savings and Credit Co-operatives leaders conference in Mombasa February 24, 2021. 

Photo credit: Kevin Odit | Nation Media Group

What you need to know:

  • Gross loans rose 12.1 percent to stand at Sh474.7 billion as at December 2020 compared to Sh419.6 billion achieved a year earlier.

Deposit-taking (DT-saccos) shrugged off the adverse economic ills brought by Covid-19 menace to post an average of 12 per cent growth on their assets, loans and deposits.

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