Sessional Paper No. 02 of 2000 on Non-performing Government Donor Credit with The Co-operative Bank of Kenya

Abstract

This sessional paper focuses on non-performing government donor credit with Co-operative bank of Kenya. Since 1969, through the Co-operative Bank of Kenya, the Government, with the assistance of several donors has funded 20 projects aimed at benefitting the co-operative movement. These funds were channeled through the Bank on concessionary terms. However out of all the twenty projects only the Second Coffee Improvement Programme is currently making payments promptly. Loans relating to all the other nineteen projects, amounting to Kshs. 964,653,116.60 are now considered irrecoverable. The main reasons which contributed to the non-performance of the loans are as follows…