Use of sacco loans to clear health-related bills points to inadequacies associated with the mandatory Social Health Authority (SHA) and low medical insurance uptake.
By
George Ngigi
Correspondent
Nation Media Group
Loans issued by savings and credit co-operative societies (saccos) to help households pay for medical expenses are now the fastest-growing credit segment for the sector, underscoring the growing burden of hospital bills.
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Rising medical borrowing threatens household savings, investments, and long-term economic growth.
Medical expenses emerged as the most pressing need for members of savings cooperatives in the year that ended on March 2026, as…
Kenya's youth credit market is shifting toward Sacco-led lending models as traditional banking continues to exclude young…
SACCOs now hold more than Sh1 trillion in member savings as the government steps up reforms to strengthen governance, financial…
Companies in Kenya spend millions of shillings on employee medical schemes annually, making it a key component of staff costs.
The government has reaffirmed its commitment to modernising Kenya's cooperative movement through proposed legislation and…
