The new management of the Kenya Union of Saccos and Credit Co-operatives (Kuscco) has offered to sell off its loan book to willing financial institutions as it seeks to recover at least Sh8.8 billion within five years.

The Saccos’ umbrella body, whose previous management has been in the limelight for the misappropriation of members’ savings, is considering this option due to the painstaking process of selling some of its businesses and assets.

The recovery process will also entail selling non-revenue-earning assets, among them 32 vehicles, while also trimming down on its workforce.