Tag: john mwaka

How COVID-19 has impacted SACCOs in Kenya

One of the sectors that have been hardest hit by disruptions of the COVID-19 pandemic is the Savings and Credit Co-operatives (SACCOs), which is characterised by collecting deposits and lending to individual members. CNBC Africa spoke with John Mwaka, CEO of the SACCO Society Regulatory Authority, SASRA for an overview of the impact of COVID-19 on SACCOs in Kenya and possible recovery strategies.