By Joshua Otieno | March 12, 2026
William Ruto has reaffirmed the government’s commitment to expanding access to affordable credit for Kenyans, particularly those at the lower end of the economic scale.
Speaking while issuing financial support to a savings and credit cooperative, the President said the government is strengthening community-based financial institutions to help citizens grow businesses and improve their livelihoods.
The Head of State announced the issuance of a KSh250 million cheque from the Kenya Development Corporation to Trans Elite Sacco in Nandi County.
According to President Ruto, the funds will enable Sacco members to access low-interest loans at 8 per cent through a digital platform, making it easier for entrepreneurs and small-scale traders to obtain financing.
The President noted that the initiative complements the government’s financial inclusion agenda, including the Hustler Fund, which was introduced to support small businesses and individuals who have traditionally struggled to access credit from conventional financial institutions.
He said empowering Saccos is a key strategy in boosting grassroots enterprises, expanding economic opportunities and uplifting communities across the country.
