Kenyan sacco members will soon have an added advantage of using movable properties such as vehicles, livestock, machinery and electronics as security for their loans in a new push by the state to widen the pool of acceptable collaterals.
The Sacco Societies Regulatory Authority (Sasra) is working on implementation of a collateral registry, which it says will help expand the membership of the savings and credit co-operative societies and boost credit growth by increasing the number of acceptable loan securities beyond the conventional guarantorship model.
