Why Are Sacco Loans More Preferred Than Bank Loans?
Kenya is one of the leading countries in Africa with a strong and vibrant Cooperative movement. Saccos in Kenya have mobilized over 622billion shillings in savings with almost 1.2 trillion shillings in loans. Sacco members have a greater preference for Sacco loans over bank loans for the following reasons: 1. Flexibility In Loan Acquisition Most … Read more