“We have put sh40b in the Microfinance Support centre in the next financial year to support locally based SACCOs that have registered with it." Bahati...
The record interest comes after NSSF’s assets hit a record sh9.98 trillion for the financial year 2017/18.
One of the reasons saccos fail is failure to adhere to the rules and regulations that bind them together.
Activities lined up at the week-long engagement include financial literacy trainings and product education to equip members with financial knowledge
Consolidation seeks to eliminate regulatory gaps, increase protection of financial services consumers and cut administrative costs.
They are told that through their SACCOs, can decide the better interest rates.
For the year he worked, he saved shs 3 million and by the time his idea of starting a business ripened, he knew he would use his saving to start a new...
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