Savings and Credit Cooperative Organizations (SACCOs) are integral to Kenya’s financial landscape, offering affordable loans, promoting savings, and distributing dividends to their members. As of 2023, the sector has seen significant growth, with total assets reaching Ksh 971 billion and membership increasing to 6.84 million. Here is an in-depth look at the 12 best SACCOs … Read more
A growing number of savings and credit cooperative societies (Saccos) in Kenya are under scrutiny for blocking members from exiting and stalling refunds of deposits. Recent complaints filed with the Competition Authority of Kenya (CAK) have shed light on a troubling trend where members, despite adhering to the required 60-day exit notice as per the … Read more
Someone must have been encouraging you to join SACCO for the good of your financial, status, and investment goals. Now is a good time. With your New Year’s resolution still freshly baked, you are likely to achieve it. A SACCO is an association of like-minded people, registered and authorized to take deposits and lend to members. … Read more