The Cooperative Movement Was Not Immune To The Impacts Of Covid-19

Covid-19 did not spare the cooperative movement, despite the fact that it wreaked havoc on the economy. Chief Executive Officer Daniel Marube of the Cooperative Alliance of Kenya (CAK) stated this during a three-day Cooperative Leaders summit held in Amboseli from March 30 to April 2, 2022. He did say, though, that the cooperatives were recovering. He said that the consequences of the Ukraine and Russia crises, as well as new developments in the escalation of food costs, are impacting households and putting a burden on consumer spending power. He claims that cooperative members are unable to pay for transportation, rent, and other necessities, causing significant disruption in remittances to the Sacco. He added that, for example, parents will borrow a lot of money to pay for school fees next month.