Why your sacco can be land-rich, cash-poor

Cooperative societies in Kenya, such as SIC, own land assets worth over Sh6 billion but face liquidity issues, preventing members from withdrawing their funds. This phenomenon is due to an asset-liability mismatch, where deposits are often invested in speculative real estate. Many cooperatives have failed since 2010, creating an illusion of solvency while being unable to meet members' withdrawal requests.