Bad loans weigh down Umurenge SACCOs

Non-performing loans (NPLs) among Umurenge SACCOs increased to 12.5 per cent in the first half of the year, from 8.2 per cent over the same period in 2015, the central bank’s monetary policy and financial stability statement indicates. This is higher than the industry average of 7.5 per cent, according the report released last week.
Customers at Shyara SACCO. The SACCOsu2019 NPLs went up between January and June this year. (File )
Customers at Shyara SACCO. The SACCOs’ NPLs went up between January and June this year. (File )
Times Reporter