Month: April 2023
General
Credit Risks in SACCOs: Lessons from Successful SACCOs
Savings and Credit Cooperatives (SACCOs) are important financial institutions that have played a key role in promoting financial inclusion, especially in rural areas where access to formal financial services is limited. SACCOs provide their members with access to credit and other financial services that help them improve their livelihoods. However, as with any financial institution, […]
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General
Benefits of SACCO Membership for Small Business Owners
Small business owners play a critical role in the global economy. This is most especially due to their efforts in driving innovation, creating jobs, and contributing to local communities. However, small business owners face numerous challenges. The challenges could range from a lack of ease in accessing credit to challenges in building networks and also […]
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Finance
General
SACCO
Maximizing SACCO Profits: 6 Tips and Strategies
Maximizing SACCO profits has become essential as SACCOs are a crucial part of the financial landscape in many countries. Over time, Savings and Credit Cooperative Organizations (SACCOs) are becoming increasingly popular as a means of accessing financial services. SACCOs provide affordable credit, savings, and other financial services to their members. They operate on the principle […]
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Finance
General
SACCO Software
SACCOs Collaborating on a Joint ICT Platform: Collaboration for Success
A joint ICT platform is a shared digital infrastructure that allows multiple SACCOs to collaborate and share information. By joining forces on a joint platform, SACCOs can streamline their operations, reduce costs, and access a range of digital services. This can help them better serve their members. In today’s rapidly evolving business landscape, collaboration is […]
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Digital Loans
Finance
General
Embracing Intersacco Lending: The Future of Digital Sacco Lending
Embracing intersacco lending is the way to go for digital SACCOs to remain competitive and stay ahead in the ever-evolving financial industry. Intersacco lending refers to the practice of SACCOs lending to each other, either directly or through a central fund, to meet their members’ credit needs. In most instances, the lending is often at […]
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