Stories that begin with something visible and ask what larger system is quietly being revealed.
Pooling demand looks like arithmetic salvation for Tier-3 banks, SACCOs and microfinance lenders priced out of the AI build-out. But sharing software also pools fragility, liability and exit risk, and the world's financial-stability watchdogs have started naming that concentration as a systemic hazard.
SACCOs, regulation and financial stability · 10 Nov 2026 · 4 min read
KUSCCO’s failure to repay a KSh480.53 million matured deposit to Mhasibu Sacco in January 2024 offered an early warning that the apex body’s problem was no longer accounting but liquidity. The crisis that followed — including an estimated KSh12.5 billion asset deficiency, losses of up to KSh14 billion and exposure equal to more than 7% of regulated SACCO core capital — has exposed a deeper regulatory flaw: SACCO funds were being intermediated through an institution outside the prudential framework designed to protect them.
SACCOs, regulation and financial stability · 21 Aug 2026 · 6 min read