Saccos step in to fill gap in savings left by banks

As major commercial banks abandon rural customers, savings and credit cooperative societies (Saccos) are filling in the gap.
The Saccos are operating retail banking services, commonly referred to as front office services accounts (Fosa).
With the liberalisation of financial sector in the 1990s, many banking institutions were forced to rationalise their operations, which included closing down some of their branches, mostly in rural areas.

Reference: http://www.nationmedia.com/dailynation/nmgcontententry.asp?category_id=28&newsid=55141