Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Kenya Union of Savings & Credit Co-operatives Ltd (KUSCCO) Group Managing Director Arnold Munene has urged Saccos to take advantage of enhanced technology to boost their membership. Munene, in a commentary in one of the dailies, said that by doing so they will tap into the youth demographic which forms a majority of the…
According to a report submitted by Accenture to the Financial Sector Deepening (FSD) Kenya, Saccos are one of the leading sources of finance, and in many rural areas, local Saccos are the only provider of financial services. Fintechs are becoming invaluable partners for Saccos in Kenya who provide innovative digital solutions to streamline their operations…
Technological advancement is fast-shaping operations and performance in the Sacco and wider financial and banking sector, lessening inconveniences and the high cost of opening and running physical branches. A spot check by Sacco Review has established that more Saccos prefer mobile banking to agency banking due to convenience for members and more profit to the…
