Business Daily | by Lynet Igadwah
The amount of outstanding dues remitted to saccos halved to Sh900 million in the year to June compared to the similar period a year earlier, indicating the effect of liquidity challenges facing individuals and organisations in a tough economy.
Data from the National Treasury collated from the sector reports shows the amount has dropped from Sh1.8 billion the previous year.
Saccos usually rely on employer/institutions to directly make periodic deductions from members’ earnings and remit these directly to then…
