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Why SACCOS are Popular among Employees
It is easy to save with the SACCO since deductions are done through a check of system.
Easy to get loans from SACCOS due to fewer simple requirements.
Interest charge on loans is low compared to commercial banks.
Loans do not require collateral except far members’ salary slip and guarantors.
Members savings are save since they are insured.
Incase of death the beneficiaries do not lose their savings in cooperatives nor they are called upon to repay.
SACCOS are flexible since they give different types of loans. normal, emergency, school fees loans, medical.
lydiajane74 answered the question on May 9, 2018 at 19:26
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