Author: Saccoadmin

Ways to Teach Kids How to Manage Money

As adults, we’ve had a lifetime to learn how to manage our money and spend smart — but are we teaching our kids how to do the same? Finance may seem like a grown-up concept, but it’s never too early to start teaching your children about managing money. Though you’ll want to keep lessons simple for young children, starting early will help them learn the value of money and the basics of budgeting, so they’ll have those skills when they’re older. Not sure where to start? We have some advice. Here are seven ways to teach kids how to...

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#MhasibuExpo2017: Why are Saccos becoming increasingly important as Financial Services Players?

Saccos have over the years grown to be a force to contend with in the financial services sector. The perception of Saccos has transformed from “harambee” movements to institutions with portfolios running into billions of shillings. Saccos are a major player towards financial inclusion and are regulated towards ensuring compliance and to uphold member rights. With the current drive the country is pushing towards localization of SDG 8 on decent work and economic growth, and with the drive towards entrepreneurship as the next frontier for the country’s development, Saccos are a very important pillar. Kenya’s Vision 2030 recognizes Sacco...

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Saccos Play a Significant Role in Kenya

In the recent past, Saccos have risen from being rural-based financial institutions to organizations with loan books translating into billions of shillings. Saccos have played an important role in uplifting lives in the community through financial inclusion. Their existence cannot be pointed to development, but they exist as a result of robust economic growth opportunities like an informed youth population and flexible laws, easing the admission of members to societies. The Sacco system is believed to grow faster in the next 5-10 years. The vision 2030 blue print in Kenya recognizes Sacco societies as important players in deepening financial...

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