×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App
The Standard

Saccos up push to develop new digital loan products

By Graham Kajilwa | 1h ago
The number of DT Saccos offering digital credit improved in 2024 to six compared to two in 2023. [iStockphoto]

Saccos are aggressively fighting for their space in the digital credit market, having introduced almost 100 products in their services between 2023 and 2024.

A majority of these products seek to offer loans of Sh50,000 and below to customers and are largely provided by Deposit Taking Saccos (DT-Saccos).

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902

Related Topics

Digital Lenders Mobile Loans Sacco Loans Digital Loans
.

Similar Articles

Revealed: Why more local companies are shutting down
Revealed: Why more local companies are shutting down
Manufacturers are appealing to the Ruto administration to turn back the tide before it's too late.
Enterprise
By Brian Ngugi
1 hr ago
How Uganda outfoxed Ruto into ceding control of Kenya Pipeline
How Uganda outfoxed Ruto into ceding control of Kenya Pipeline
Uganda has secured a key stake in Kenya Pipeline Company through its Initial Public Offer, raising concerns over foreign control of Kenya’s strategic assets.
Business
By Macharia Kamau
1 hr ago
Africa roots for strong data systems to spur development
Africa roots for strong data systems to spur development
Kenya is considered a space-faring nation after successfully launching two satellites and developing capabilities to use space-derived services for national development.
Enterprise
By Sofia Ali
4 hrs ago
Farmer's Choice targets women, youth in plans to grow smokie vendor base
Farmer's Choice targets women, youth in plans to grow smokie vendor base
The planned expansion will be driven through the initiative designed to economically empower aspiring entrepreneurs by providing fully kitted smokie vending trolleys.
Enterprise
By Selina Mutua
16 hrs ago
Inside William Ruto-IMF fallout
Inside William Ruto-IMF fallout
President Ruto's government is resisting IMF demands for a painful debt restructuring, setting the stage for a high-stakes confrontation with the global lender.
Financial Standard
By Brian Ngugi
17 hrs ago
RBA, bourse tussle over Sh2.3tr pension assets investments
RBA, bourse tussle over Sh2.3tr pension assets investments
A proposal by the NSE to have the Retirement Benefits Authority revise the allocation formula of assets under management in favour of equities has been termed impractical.
Financial Standard
By Graham Kajilwa
17 hrs ago
Hits and misses in Kenya Pipeline IPO as State eyes more listing deals
Hits and misses in Kenya Pipeline IPO as State eyes more listing deals
The government’s IPO of Kenya Pipeline Company has breathed some life into Kenya’s equity market, with the share sale setting the stage for a new wave of State-backed listings at the NSE.
Financial Standard
By Macharia Kamau
17 hrs ago
Central Bank warns Middle East conflict could reignite inflation
Central Bank warns Middle East conflict could reignite inflation
Central Bank of Kenya has warned that rising tensions in the Middle East could push inflation up again and make it harder to maintain stable prices ahead of the next interest rate decision.
Business
By Brian Ngugi
18 hrs ago
Ruto assents to Infrastructure Fund Bill as KPC debuts at bourse
Ruto assents to Infrastructure Fund Bill as KPC debuts at bourse
The National Infrastructure Fund has finally come to pass, with the government saying the nation’s journey towards first world status has firmly been placed on course.
Business
By Irene Githinji
19 hrs ago
What to know about impact of US-Israel-Iran conflict on regional energy supply
What to know about impact of US-Israel-Iran conflict on regional energy supply
The ongoing conflict between the United States, Israel, and Iran is creating increasingly widespread ripple effects across the Middle East.
Business
By Xinhua
1 day ago
.

Latest Stories

Saccos up push to develop new digital loan products
Saccos up push to develop new digital loan products
Enterprise
By Graham Kajilwa
1 hr ago
How Uganda outfoxed Ruto into ceding control of Kenya Pipeline
Business
By Macharia Kamau
1 hr ago
Revealed: Why more local companies are shutting down
Enterprise
By Brian Ngugi
1 hr ago
Africa roots for strong data systems to spur development
Enterprise
By Sofia Ali
4 hrs ago
.

The Standard Insider

.

Digger Classified

GET OUR NEWSLETTER

Subscribe to our newsletter and stay updated on the latest developments and special offers!

CONNECT WITH US

FOR THE LATEST JOB ADVERTS

join Digger Classifieds telegram channel
The Standard
© 2026. The Standard Group PLC. All rights reserved