Men and youths dominate saccos – report
A third of the 4.78 million members of Saccos in Kenya are youth.
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- There are over 4.97 million individuals as well as corporate or institutional members in SACCOs.
- Of the individual members, 60.65 per cent are men, while 34.23 per cent are women
More men in Kenya join Saccos than women, which defies the gender demographics in a country with slightly more women than men.
The youth are also increasingly involved in Sacco activities, which has in the past been perceived as a preserve of the old.
These are the findings of the Sacco Subsector Demographic Study Report 2019 that was launched last Saturday.
The Sacco Societies Regulatory Authority (Sasra) undertook the study, the first ever, on the 174 licensed deposit-taking Saccos (DT-Saccos) as at December 2018 to establish the demographic composition and distribution of Sacco membership.
There are over 4.97 million natural persons (individuals) as well as corporate or institutional members among the DT-Saccos.
Among the 4.97 million members, 4.78 million are individuals representing 96.2 per cent of the total membership.
Of the individual members, 60.65 per cent are men while 34.23 per cent are women.
Another 5.12 per cent were not disclosed as either male or female, meaning they may have not answered some questions about gender right during the study.
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