Loans
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Cooperatives & Communities
Munaku Kaama SACCO tipped on mechanisms to mobilize savings, recover loans
As many cooperatives across the country continue to grapple with the COVID-19 pandemic’s disruption of mobilization of members’ savings and recovery of loans, cooperators have been tipped on member-centered strategies they can…
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Kabarole SACCO management alarmed as loan recovery drops to 20 percent
The management of Kihondo Savings and credit cooperative society (SACCO) in Kabarole district has expressed concern about the declining loan recovery rate within just four months of lockdown. Kihondo SACCO, one of…
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Cooperatives & Communities
Sebei Elgon Cooperative Union stuck with Shs 500m debt.
The new management of Sebei Elgon Cooperative Union, one of the oldest cooperatives in Eastern Uganda, is currently stuck with a Shs 500m debt accumulated during previous board’s tenure. According to Elisha…
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Cooperatives & Communities
This is why SACCO loans are more preferable than bank loans
If you’re keen enough you must have noticed that today more and more banks are pledging to lend cheaply to borrowers. This has seen Kenyans turn to SACCOs, with the proportion of…
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