He’d held his side of his agreement and my Sacco savings were not deducted. We went back to the Sacco to discuss the possibility of getting a debt collector to recover our monies. They contracted a debt collector but the services of this debt collector weren’t for us, the members, but for the Sacco itself. Restructuring a loan means increasing the loan term; this reduces the monthly loan repayments and increases the interest rate. After plan B has been effected and the Sacco is sleeping well at night, a debt collector is contracted.

Source: Daily Nation March 01, 2019 11:15 UTC