I think it was discussed here how teachers saccos were under pressure late year when Garment refused to raise their salaries, it is clear some small banks and financial institutions have been funding the strikes and are now under severe stress. Others under severe stress are the like of Police saccos, there have been police who surrender their entire salary to the sacco and survive on bribes, with current monitoring, these saccos are under stress. Similar cases in many garment saccos, i can imagine things are not very rosy at NYS sacco. Small banks which are involved in deals with these saccos are under stress of course! Some saccos are also often involved in very dirty financial practices and speculation!

That one @Terryanne chebet is a shallow b**ty in matters biashara!

Rafiki have also shafted themselves!!!

The minute you cap withdrawals at 10,000/= there is no way you are going to convince anyone everything is okay.They have practically/technically put themselves in receivership. The minute they lift the cap, everyone transfers all their money to another bank or under a matress. No one will want to bank in a place where their withdrawals are capped at some random figure no matter how much you have in the account!!! And the longer the cap stays the worse the situation becomes.

Rafiki's goose is also cooked. And they dry fried it themselves! There is no way the run will be stopped!

If they suffer liquidity trap Opus Dei has instituted a standby facility for their rescue.

the worst thing when you know of a struggling financial institution, only withdrawals happen and no deposits. ..as good as dead