Savings and Credit Co-operatives should trade at the Nairobi Stock Exchange and buy government securities to diversify their revenue portfolios. Co-operative Alliance of Kenya chief executive Dan Marube said most Saccos currently heavily depend on depend on members savings, internal reserves and deposits fo heir lending. In its draft 2019 National Co-operative Development policy, the alliance proposes that Saccos participate in national payment system and agency banking. By 2017, CAK had 13,200 Saccos with accumulated savings and deposits of over Sh430 billion, Sh441 billion in loans and Sh601 billion in assets. Despite this, the co-operatives expect to continue competing with some of the financial institutions over the same space despite their inability to raise funds through the national financial networks.

Source: The Star May 16, 2019 21:00 UTC