An Investigation Into The Challenges Facing The Uptake Of The Sacco Link System A Case Of Selected Saccos In Nairobi County, Kenya

Savings and Credit Co-operatives commonly referred to as Saccos are a form of Credit Union bodies which in turn is a form of major part of the cooperative movement. They are basically member-owned, not-for-profit financial cooperatives that provide savings, credit and other financial services to their members. They pool their members’ savings deposits and shares to finance their own loan portfolios rather than rely on outside capital. Members then benefit from higher returns on savings, lower rates on loans and fewer fees on average among many other benefits. In the recent past Sacco societies…