A loan facility can help one to achieve their goals in a shorter period. One can take a loan for their personal use or for business purposes. When applying for a loan you must consider some factors such as the interest rate, purpose of the loan, the length of the loan, ability to repay, associated […]
Should you take a loan from a Microfinance or a SACCO? Read More »
SACCOs are associations where by members regularly pool their savings, and acquire loans which they use for different purposes. Normally, the reason for establishment of SACCOs is to promote savings and make Credits available to the members. Here are five SACCO management systems in Kenya that are well known and are reliable. Fibo360 SACCO Management
Top Five SACCO Management Systems in Kenya Read More »
Joining a Chama, also known as a savings group, can offer several benefits. Here are some of the benefits of joining a Chama: 1.Joining a chama helps you develop financial discipline: By joining a Chama, you commit to making regular contributions or savings. This can help you develop financial discipline and a habit of saving
Benefits of joining a Chama Read More »
SACCOs play an important role in delivering financial services to their members, especially in under served communities. However, like any other financial institution, SACCOs find it difficult in maintaining efficiency and sustainability. In this article, we explore strategies to improve efficiency in SACCO operations, which can lead to better member satisfaction, increased financial stability, and
Enhancing Efficiency in Savings and Credit Cooperative Societies (SACCOs) Read More »
