SACCO
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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Finance
General
SACCO
Maximizing SACCO Profits: 6 Tips and Strategies
In many countries, Savings and Credit Cooperative Organizations (SACCOs) are becoming increasingly popular as a means of accessing financial services. Therefore, they are a crucial part of the financial landscape of many countries. SACCOs provide affordable credit, savings, and other financial services to their members. They operate on the principle of pooling resources from members […]
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Finance
General
SACCO
Growing your money: Investing Through SACCOs
How SACCOs can help you grow your money Growing your money through a SACCO is basically moving from saving to investing. The transition to achieve financial security and independence is crucial. It begins with saving as the first step in building wealth. However, the process of growing your money, calls for an investment of the […]
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Finance
General
SACCO
SACCO Funding: Boosting Financial Inclusion and Economic Growth
SACCO funding refers to the financial resources provided by the government, development partners, and other stakeholders to SACCOs. The funding aims to help SACCOs grow and develop. This is through the improvement of their operations and the promotion of financial inclusion in Kenya. Savings and Credit Cooperatives (SACCOs) are a critical component of Kenya’s financial […]
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Finance
General
SACCO
Empowering Smallholder Farmers: SACCOs Transforming Agriculture Financing
Empowering smallholder farmers in agriculture financing has been one of the strongholds that SACCOs have taken up in recent years. Smallholder farmers play a vital role in the agriculture sector. This is especially due to their huge contribution to food security and the economy. However, there are significant challenges that these farmers face. These include […]
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Finance
SACCO
SACCOs and Regulations in Kenya
There are many savings and credit societies (SACCOs) operating without proper registration in Kenya. And these face tough measures including closure through the regulations by the Savings Regulatory Authority (SASRA). SASRA has recently launched tough rules which are intended to weed out fraudulent SACCO outfits. Read on Saccos and their formation The new regulations set […]
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SACCO
Factors to consider when joining a SACCO
Kenya’s famed co-operatives sector appears to be growing pretty fast with more and more Kenyans jumping into the fray. However, there are many people who are not conversant with Sacco operations and rules and are often disappointed when they cannot secure loans, especially where they are unable to mobilize members to act as guarantors or […]
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SACCO
How SACCOs in Kenya are structured
A Savings and Credit Co-Operative (SACCO) is an association of like-minded individuals, registered under the Ministry of Cooperative Development and Marketing in Kenya, and authorized to take deposits from and lend to its members. Saccos are governed by the SACCO bylaws which state the objectives, membership, share capital, organization structure, management, and lending regulations. The sector is regulated […]
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Finance
SACCO
SACCO Leadership – What you need to know
From time to time we, Kenyans wake up to the news of yet another savings and credit cooperative society (Sacco) in trouble. The truth is, financial institutions don’t suddenly become broke or find themselves under the heavy weight of non-performing loans. Such things develop over time. When investigated, collapsing SACCOs will always show that bad […]
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SACCO
SACCOS Constitution , Rules and Regulation
Kenya has one of the largest financial sectors in the region. This has really shaped the economic growth and development in the country. A major contributor to this milestone goes to the effort of SACCOs. They have played a major role in the mobilization of financial resources in the country. Many Kenyans prefer SACCOs since […]
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