Why You Should Join a Sacco

Saccos, or savings and credit cooperatives, play a significant role in individual wealth creation in East Africa by providing access to financial services for individuals who may not have access to traditional banking services.

These cooperatives are owned and controlled by their members, who are typically from the same geographic area or share a common bond such as their occupation.

Saccos offer a range of financial services, including savings accounts, loans, and insurance. Members can save money with the cooperative and earn interest on their savings, which can help them build their wealth over time. Saccos also offer loans to members at favorable interest rates, which can help individuals invest in businesses or other income-generating activities. In addition to financial services, saccos often provide education and training to their members on financial literacy and entrepreneurship, which can help individuals develop the skills and knowledge they need to create and grow their wealth. Overall, saccos play a vital role in fostering economic development and promoting individual wealth creation in East Africa by providing access to financial services and resources to underserved communities.

Here is a list of some of the savings and credit cooperatives (SACCOs) operating in East Africa:

1. kimisitu sacco(Kenya)
2. Stima Sacco Society Limited (Kenya)
3. Police Sacco Society Limited (Kenya)
4. Ushirika Sacco Society Limited (Kenya)
5. Kenya Plantation and Agricultural Workers Union (KPAWU) Sacco Society Limited (Kenya)
6. Thika United Sacco Society Limited (Kenya)
7. Sidian Bank Sacco Society Limited (Kenya)
8. Mumias Sugar Company Limited Sacco Society (Kenya)
9. Kenya Posts and Telecommunications Corporation (KPTC) Sacco Society Limited (Kenya)
10. National Bank of Kenya Sacco Society Limited (Kenya)
11. Kenya Teachers' Sacco Society Limited (Kenya)
12. CRDB Bank Sacco Society Limited
13. (Tanzania) Dar Es Salaam Teachers Sacco Society Limited (Tanzania)
14. TIB Sacco Society Limited (Tanzania)
15. National Social Security Fund (NSSF) Sacco Society Limited (Uganda)
16. Uganda Cooperative Savings and Credit Union (UCSCU)

This is not an exhaustive list and there are many other SACCOs operating in East Africa. It is important to research and compare the different SACCOs in order to choose the one that best meets your financial needs and goals.

The Game Changer

This is for those who know that they know that things must change. If you are working for and looking forward to a different tomorrow please read on.

Probably the past few months have been fair and you have made some progress. But still  you don't feel that you have turned the corner yet; dreams of the past years still remain dreams and hopes.  You are optimistic and determined to make a leap forward, but you haven't yet seen how it will play.

The commitment of this website is to catalyze change that promotes human dignity. There is nothing in the world that robs one of their dignity than material poverty. Not being able to afford basic things like food and medicine is dehumanizing.  World leaders all over agree with this, that is why the UN Sustainable Development Goal (SDG) number one is to eradicate poverty in all its forms. 

While Bill gates and many other philanthropists formulate and implement elaborate programs to end poverty, there are simple small things  that individuals can do to bring change in their circumstances. 

In the preceding article on this website, we shared our observations of one thing that has been effective in changing people’s circumstances. In the article, we shared how a simple two year diploma course can mean all the difference. Have you done project management ? A yes to this might be an opening to a big opportunity. In today's world,  getting project management certification is something that you can easily earn online. Gaining new capacities is the one thing that is a game changer. 

The internet revolution has extremely privileged us; we can easily enroll in an online course and learn to expert level. Online courses such as the "Become a Certified Bitcoin Expert" from the block chain council impart valuable in demand skills that are highly lucrative .  Block chain technology is just in its infancy and the expected trend is that there will be more and more new applications of block chain. Expertise in bock chain development is surely a wise bet and a highly probable game changer. This can specifically work out very well for people with backgrounds in Accounts, IT and business management because these  are the professions  that will be involved in implementation of block-chain technologies as they take root. Expertise in block-chain technology in addition to your current qualifications will make you  the most suitable person in your organization to lead a block-chain agenda when the time comes.

The Block-chain council is charging 99 US dollars  for the Become a Certified Bitcoin Expert training and certification. The amount will surely be  a deterrent to some people. Further,  not many  people are informed on making online payments and many may just leave it at that.  These are the factors  that  narrow down players in this industry and magnify opportunity for the few that that go the extra mile.

Having come this far in the article, chance is that you are among the few that go the extra mile. Congratulations.

Probably Block chain is not your thing but you are looking for something that will  argument your current qualifications and give you an age ; Explore 1600+ online courses from top universities. Join Coursera today to learn data science, programming, business strategy, and more.

If you know that, you know that things must change, create opportunities for yourself; learn a new skill this year.