SACCOs have grown over the past few decades and become the go-to saving, investment, and borrowing vehicles for many. So, why are SACCOs gaining so much popularity in Kenya? Are they worth putting your money in, or should you be worried?

It’s not hard to see why Saccos are so popular. Apart from encouraging saving, access to credit is pretty easy compared to borrowing from traditional banks. But theft and mismanagement have led to the collapse of many Saccos, leading to loss of money by members. Still, Saccos are an excellent saving, investment, and borrowing vehicle to help you work towards your financial independence.

Today, we talk more about the pros and cons of joining a Sacco. We also dive deeper into factors you should consider when choosing a Sacco.

You can also read more about this and how to protect yourself as a guarantor on the website.

You can catch on the latest articles via my website: www.enidkathambi.com

Rate, Review & Follow on Spotify