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SACCOs play a crucial role in promoting financial inclusion, particularly in developing economies. They empower members by providing financial services like savings facilities, credit opportunities, and other financial products tailored to their needs. However, despite their significant impact, SACCOs face several challenges that hinder their effectiveness and sustainability. Regulatory Compliance and Governance Issues SACCOs must […]

SACCOs have played an essential role in the country’s financial landscape, particularly in empowering retail savers and providing accessible credit facilities. However, as the financial sector evolves in response to technological advancements and changing consumer behaviors, SACCOs face a myriad of challenges and opportunities in shaping their future trajectory. This piece explores the changing landscape

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

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

Chama A Chama is an informal cooperative society that is normally used to share funds together and invest as one. Moreover, most of these Chamas are informal. Chamas have the following characteristics; SACCO (Savings and Credit Co-Operative Society) It’s a self-help organization where a group of people keep their savings and offer loans to their

In this article, we will talk about the features of a good SACCO management software/system. There are quite a number of SACCO management systems out there. Just choosing the right one could be the problem. If you have read my other article on how to choose a SACCO Management system, you probably know that it