Year: 2021

General

Why You Should Make Your Loan Repayment on Time

Repayment of loans is one of the main drivers of financial success. For this reason, a large number of people have a good intention of covering their bills and loans on schedule. However, we know in some cases life has a method of disrupting the general flow. Be it Busy timetables, Vacations, distinctive due dates […]

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General

The Main Difference Between Saccos and CIS

CIS and SACCO have similarities but their main difference is in their definition and functions. Sacco is an abbreviation for Savings And Credit Co-Operative. Their fundamental goal is to offer saving plans and credit offices. They work in various ways, which is dependent on their plan of action, and Sacco ordinances frequently represent them. They’re […]

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General

The History of SACCOs in Europe and Africa

To understand the history of SACCOs, it is important to learn about what they are. Basically, a Savings and Credit cooperative otherwise known as a Sacco is a type of corporation that aims at pooling money together. It is often between the members and infolds to provide them with recognition installation. In general, the goal […]

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General

Why You Should Join an Automated Sacco in 2021

Automated Saccos are an effective way of creating financial stability. This is because they are easily accessible and the SACCOs and offer loans to their members. Additionally, cooperation, community work, and solidarity are what society needs when a country’s economy is unequivocally influenced by the current worldwide pandemic. Despite the current vaccine, international lockdowns are […]

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General

Which is better? Savings or Investment

Investment and savings are both significant, however, they’re not similar. While both can assist you with accomplishing a more agreeable monetary future, customers need to know the distinctions between the two and learn when it’s ideal to save, and when it’s ideal to contribute. The greatest contrast between saving and investment is the degree of […]

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