Month: May 2024

General

Managing Your SACCO Account

Managing your SACCO account as a SACCO member allows you to keep track of your contributions. In today’s ever-evolving economy, financial institutions play a crucial role in providing the necessary infrastructure for economic growth and stability. In Kenya, one type of financial institution with significant importance over the years is Savings and Credit Cooperative Societies […]

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General

The Role of SACCOs in Kenya’s Economy

The role of SACCOs in Kenya has led to the growth of Kenya’s economy over the decades. SACCOs are filling a gap in Kenya’s economy by providing alternative financial solutions, especially to the vulnerable. Thus, many more Kenyans can access financial services that they could not receive previously. Just like any other investment group, SACCOs […]

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General

SACCO Failure: 4 Main Reasons Why SACCOs Fail

SACCO failure varies from one SACCO to another, especially in today’s setting. SACCOs have been around for decades, offering millions of SACCO members better financial solutions. However, some SACCOs succeed and do well while others do not remain steady and end up closing. SACCOs fail for many reasons, and the following article will break down […]

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