Saccos slowly shift from guarantors to issuing loans against personal security
Savings and Credit Cooperative Societies (Saccos) are increasingly following in the footsteps of commercial banks by using personal security such as title deeds and log books, instead of guarantors, when issuing loans. An analysis by Sacco Review indicates that the number of Saccos giving members the option is on the rise and that the new … Continue reading Saccos slowly shift from guarantors to issuing loans against personal security