Each Sacco has a loan collective borrowing pool, meaning you can borrow a multiple of your savings. For example, if your Sacco borrowing multiple is three times, you only need to save a third of ...

For example, if your Sacco borrowing multiple is three times, you only need to save a third of the loan amount you require. Presumably, higher savings automatically translate to higher loans.

Staff of the energy ministry's Sacco colluded with members to siphon at least Sh82.36 million in the entity through ghost shareholding that was used to tap loans and earn dividends, a report ...

Such levels of savings may not be practical. Assuming that you will approach your Sacco for a loan which will be three times your savings, then your current monthly saving of Sh35,000 will still ...

Audit shows that between 2018 and 2023, Sh206 million may have been stolen through withdrawals from Kuscco Sacco savings bank ... have been directed to tap bank loans for the risk buffer.

The Trump administration has unexpectedly taken down the online application form for several popular student ... millions of Americans with outstanding loans. Late on Friday, Department of ...

Small and Medium Enterprises Development Authority (SMEDA), State Bank of Pakistan and Pakistan Banks Association have jointly developed a simplified SME Loan Application form on directive of the ...

Nairobi — The government is set to implement stricter regulations in the Sacco sector to curb financial mismanagement and restore public confidence. Principal Secretary for Cooperatives and ...

Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

The approval is a major boost to the ongoing changes to the sacco law and the implementation ...