President William Ruto has unveiled a set of reforms aimed at strengthening Savings and Credit Cooperative Organisations (SACCOs), which serve as a vital source of financial access for many Kenyans in both formal and informal sectors.
At State House Nairobi, the President received a report from a team of experts tasked with reviewing SACCO governance and operations.
He said the reforms are intended to modernize how SACCOs operate, improve governance, and safeguard the savings of hardworking members.
“Our goal is to build strong and resilient SACCOs that empower communities and make credit more accessible and affordable,” President Ruto said.
The expert report recommended measures such as upgrading digital systems, integrating fintech solutions, and adopting shared services to enhance efficiency and service delivery.
President Ruto stressed that these reforms will help SACCOs continue playing a central role in financial inclusion and community development across the country.
