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 […]
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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
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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
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