Month: May 2023
Finance
General
SACCO
Youth Empowerment Through SACCOs: A Study of Youth Participation
Youth empowerment through SACCOs is a critical aspect of national development. Kenya takes pride in its rich natural resources and human capital. However, despite the abundance of resources, the country is still grappling with high levels of youth unemployment and underemployment. Therefore, this has led to a growing interest in finding sustainable solutions that can […]
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General
SACCOs’ Social Responsibility: Sustainable Development in Kenya.
SACCOs are playing a significant role in promoting social responsibility by supporting sustainable development initiatives. In Kenya, Savings and Credit Cooperatives (SACCOs) have emerged as an integral part of the country’s financial sector. As a financial institution, they allow individuals to pool their financial resources together. They are also able to provide each other with […]
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General
SACCOs Promoting Gender Equality: Women’s Economic Empowerment
What is the role of SACCOs in promoting gender equality? SACCOs have been at the forefront of promoting gender equality. Basically, they provide financial services such as savings, credit, and insurance to their members. Members own and manage SACCOs, which operate on a not-for-profit basis. Their aim is to establish and promote thrift, provide credit, […]
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General
The Future of SACCOs: Innovations and Trends Shaping the Industry
What is the future of SACCOs as it stands? The future of SACCOs looks bright and promising as they continue to play a vital role in promoting financial inclusion. This is particularly for low-income and underserved communities by allowing them savings options and affordable credit. For decades, Savings and Credit Cooperatives have been significant players […]
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General
SACCOs vs Banks: Which is the Better Option for Your Financial Needs?
SACCOs vs Banks: Which is the Better Option for Your Financial Needs? Financial management is one of the most important aspects of consideration among individuals. In this regard, there are many options that are available to kickstart the finance management journey. Two of the popular choices to compare are SACCOs vs Banks. They both offer […]
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