Adventist Sacco is one of the leading Saccos in the country. It was started in 1988 to cater to members of the SDA church central Kenya conference. In 1990, they expanded their membership to all SDA church employees country-wide and later in 2009, to the entire SDA church membership in the country. Like Waumini Sacco, …
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 …
Why Are Sacco Loans More Preferred Than Bank Loans? Read More »
Fuliza is an overdraft facility offered by the telecommunication company Safaricom to its Mpesa users. Every registered Mpesa line is eligible for Fuliza facility. Fuliza is a Swahili word that translates to mean Doing something continuously, Doing something uninterrupted or Keeping doing something The concept behind Fuliza is to enable Mpesa subscribers to continue doing …
