General

General information on SACCOs

Finance
General
SACCO
SACCO Software

Deciding Which Sacco to Join.

Finding the right Sacco in Kenya, one that meets your goals is essential, not only for your financial growth but also for the safety of your money. It is, therefore, vital to do your homework beforehand to ensure you’re settling for the best deal. There are unlimited options of Saccos in Kenya, which is an excellent thing because then […]

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Finance
General
SACCO
SACCO Software

Difference between Saccos and Microfinance

Are you interested in starting a business?  Then you need resources and capital.  So what do you do?  If you are like most Kenyans, you head to your bank and inquire about a loan.  While you may successfully get a loan, if you are considered low-income, the odds are you will be denied.  That’s where […]

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Finance
General
SACCO
SACCO Software

How to Know if Your Sacco is a Deposit Taking Sacco or not

Savings and credit co-operatives (Saccos) have come under increasing public scrutiny of late, mostly on charges of loss of member funds. Let’s first understand Saccos; and to do that, we have to start with the co-operative movement. Co-operatives are defined as an independent association of persons united with a purpose to meet their common economic, […]

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Finance
General
SACCO Software

Predatory Lending among Digital Lenders

Mobile loan borrowing has been on the rise across Kenya. With growing smart phone availability and easy access to mobile money transfer and quick application turnaround, digital credit has sky-rocketed in this country. Mobile company Safaricom’s M-Pesa is a well-known example. It is no surprise; therefore, that digital lending has developed so strongly in Kenya. However, it’s […]

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General
SACCO
SACCO Software

Which Sacco to Join? Credit Only or Deposit Taking Sacco?

How to know if your Sacco is a deposit taking Sacco or not Savings and credit co-operatives (Saccos) have come under increasing public scrutiny of late, mostly on charges of loss of member funds. Let’s first understand Saccos; and to do that, we have to start with the co-operative movement. Co-operatives are defined as an […]

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