Tag: SACCOs
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Why the Proposal to tap SACCO Savings has Sparked Public Anxiety
Few financial institutions enjoy as much trust among ordinary Kenyans as Savings and Credit Cooperative Organizations (SACCOs). For decades, they have helped millions of workers, farmers, traders, and small business owners save money, access affordable loans, and build financial security. It is therefore unsurprising that any proposal suggesting greater government access to SACCO funds triggers…
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SACCO Members in Kenya Set for Relief as KUSCCO Pushes Tax Waiver Proposal
Savings and Credit Cooperative Organisation (SACCO) members in Kenya could soon benefit from tax relief if new proposals submitted to the National Treasury are approved. In submissions made on Thursday, March 19, the Kenya Union of Savings and Credit Co-operatives urged the Treasury to scrap excise duty on member-based SACCO transactions. The union argued that…