1. You can't just use 'shares' and 'deposits' interchangeably when it comes to Saccos. You cannot borrow against the share capital. You cannot guarantee someone with your share capital. 2. You can't deposit money in a Sacco today and get a loan today. You may have to wait up to 3 months to access loan facilities. 3. Sacco/bank/table banking. Confusing on the functions. 4. There is something called weighted deposits. In the first year don't expect the full dividend/rebates. Very scanty knowledge on Saccos.
1. You can't just use 'shares' and 'deposits' interchangeably when it comes to Saccos. You cannot borrow against the share capital. You cannot guarantee someone with your share capital.
2. You can't deposit money in a Sacco today and get a loan today. You may have to wait up to 3 months to access loan facilities.
3. Sacco/bank/table banking. Confusing on the functions.
4. There is something called weighted deposits. In the first year don't expect the full dividend/rebates.
Very scanty knowledge on Saccos.
Informative. Thanks
Ollin sacco for me ❤️
Tell me more about ollins because iam about to join
what are examples of saccos?
and what are requirements
So many, Unaitas SACCO.
Kenya Police SACCO.
Stima SACCO.
K-Unity SACCO.
Waumini SACCO.
Maisha Bora SACCO.
Hazina SACCO.
Wanandege SACCO.
Magaribi Premier SACCO
Can one join more than one sacco?
Yes you can, but your return depends on a particular sacco performance per annum.
Nacico sacco for me