General

General information on SACCOs

Image illustrating predatory lending
Finance
General
SACCO Software

Predatory Lending among Digital Lenders

Mobile loan borrowing has been on the rise across Kenya. With growing smartphone 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 not […]

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Image illustrating members shaking hands as it can occur during SACCO joining
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 cooperative movement. Co-operatives are defined as an independent […]

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