Achievements of Strict Enforcement of the legal framework

• Kenya Co-operative movement is currently ranked 1st in Africa and 7th internationally. In July 2013 WOCCU recognized Kenya SACCOs as the fastest growing sub-sector in the World.
• Co-operative enterprises have generated employment opportunities of over 500,000 people and indirectly for 2 million
• Recovery of Ksh.3.8 billion in SACCOs remittances from employers by 2010 out of Ksh. 4.3 billion arrears that had been outstanding since 2004.
• SACCOs had mobilized savings to the tune of Ksh.380 billion with asset base of 493 billion as at 31st December, 2012
• Savings mobilization in the SACCO subsector has been growing at the average rate of 30% per annum.
• Income to co-operators has increased, e.g. milk-from ksh. 8 to ksh. 38 per litre; coffee-from ksh. 10 to ksh. 140 per kg.
• There has been tremendous growth of co-operative financial organization into giant financial power houses which surpassed the normal commercial banks and other financial institutions. The Co-operative Bank of Kenya is the 3rd largest bank in Kenya,while the Co-operative Insurance Company of Kenya (CIC), is the 2nd largest insurance in Kenya and the only one of its kind in Africa.
• The Co-operative sub-sector has two major components, the Government which drives its policy through movement on the other for efficient delivery of service to the members and the general public.

Compiled By:

Emily M. Gatuguta, OGW
Peter Kimotho
Samwel Kiptoo
Date: Tuesday, January 14, 2014