Sessional Paper No. 04 of 2002 on Non-Performing Government Donor Credit with the Co-operative Bank of Kenya

Abstract

Since 1969, through the Co-operative Bank of Kenya, the Government, with the assistance of several donors funded 20 projects aimed at benefiting 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 projects, amounting to Kshs.1,066,304,657 .30 as at 31 st December 2000, which are outlined in Appendix 1, are considered irrecoverable. The main reasons which contributed to the non-performance of the loans are as follows...