People Daily | by Nicholas Waitathu
The surging cost of living could disrupt reserves for Savings and Credit Co-operative Societies (Saccos) as depositors use more money to purchase high priced basic commodities thereby reducing their saving power.
Players in the industry expressed concern that to scarcity of funds is likely to stymie remittances of the monthly payments. Economists have also predicted hard times ahead for depositors with investors equally likely to withhold their investments and thus leading to low economic growth…
