Nation Lenders SACCO

15/05/2020

Are you saving?...come lets save together

Are you Saving?

13/05/2020

What is a SACCO?

A SACCO is an acronym for Savings and Credit Cooperative Organizations. It is owned, governed and managed by its members who have the same common bond: they may be working for the same employer, belonging to the same church, labour union, social fraternity or living/working in the same community

A Savings and Credit Cooperative’s membership is open to all who belong to the group, regardless of race, religion, colour, creed, and gender or job status. A SACCO is unique, democratic, member driven and self-help cooperative organization. In a SACCO, members agree to save their money together and offer loans to each other at reasonable rates of interest. Interest is charged on loans, to cover the interest cost on savings and the cost of administration