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Financial fraud is a notable threat impacting the growth of SACCOs and cooperative societies in Kenya. There have been several cases of theft and misappropriation of funds in previous years.
COVID-19 brought substantial disruption in the finance sector in Kenya. Kenya’s GDP growth slowed down to -0.3% in 2020 – a record low since 2008. Banking operations and financial performance were...
Savings and Credit Cooperative Societies (SACCOS) have remained at the forefront of mobilizing savings for millions in Kenya. They have resulted in a huge impact on financial inclusion in Kenya,...
Innovation Norway has recently signed an agreement with the Ministry of Agriculture, Livestock, Fisheries, and Cooperatives in Kenya. The goal of the agreement is to strengthen the cooperation to...
SACCOS in Kenya have always been considered as a mechanism to promote savings and credit services. They have contributed immensely towards the socio-economic development of farmers, workers, and...
The role of cooperative societies in Kenya has been extensive and impressive. They range from agricultural and livestock cooperatives in rural areas to savings and credit cooperatives (SACCOS) in...
Africa has witnessed tremendous financial innovation over the past decade. Powered by the rapid adoption of mobile technologies, innovators and tech startups are building a modern infrastructure with...
Microfinance in Africa is considered an instrument for convenient and affordable financial services. It primarily refers to providing small-scale financial services to the users. There are 14...
SACCOS have been serving the informal sector in Kenya for decades. They have continued following traditional methods to offer their services. Trust and social interaction remain important aspects...
As technology closes in to transform the finance world, we help SACCOS move from manual tasks to digital processes with CAMS.
