The total membership among the Regulated SACCOs increased by 6.57% to reach 6.84 million members in 2023 from 6.42 million members reported in 2022. This increase in membership is likely due to increased public confidence and trust.
The cumulative asset portfolio of the Regulated SACCOs increased to Kshs 971.96 billion in 2023 from Kshs 890.30 billion in 2022.
The total deposits o, including non-withdrawable (BOSA) and withdrawable deposits (FOSA), increased to Kshs 682.19 billion in 2023 from Kshs 620.45 billion in 2022. While, gross loans within the Regulated SACCO industry grew at a rate of 11.50% in 2023, reaching Kshs 758.57 billion from Kshs 680.35 billion in the previous year.
