General information on SACCOs
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 […]
Read MoreHow 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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